<PAGE> PAGE 1
000 A000000 04/30/97
000 C000000 0000848103
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 NORTH AMERICAN FUNDS
001 B000000 811-5797
001 C000000 6172666004
002 A000000 116 HUNTINGTON AVENUE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02116
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 13
007 C010100 1
007 C020100 EQUITY-INCOME FUND
007 C030100 N
007 C010200 2
007 C020200 U.S. GOVERNMENT SECURITIES FUND
007 C030200 N
007 C010300 3
007 C020300 MONEY MARKET FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C020700 GLOBAL EQUITY FUND
007 C030700 N
007 C010800 8
007 C020800 INVESTMENT QUALITY BOND FUND
007 C030800 N
007 C010900 9
007 C020900 GROWTH AND INCOME FUND
007 C030900 N
007 C011000 10
007 C021000 BALANCED FUND
007 C031000 N
007 C011100 11
007 C021100 NATIONAL MUNICIPAL BOND FUND
007 C031100 N
007 C011200 12
007 C011300 13
<PAGE> PAGE 2
007 C021300 STRATEGIC INCOME FUND
007 C031300 N
007 C011400 14
007 C021400 INTERNATIONAL GROWTH AND INCOME FUND
007 C031400 N
007 C011500 15
007 C021500 SMALL/MID CAP FUND
007 C031500 N
007 C011600 16
007 C021600 INTERNATIONAL SMALL CAP FUND
007 C031600 N
007 C011700 17
007 C021700 GROWTH EQUITY FUND
007 C031700 N
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 NASL FINANCIAL SERVICES, INC.
010 B00AA01 801-833102
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02116
011 A00AA01 NASL FINANCIAL SERVICES, INC.
011 B00AA01 8-01833102
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02116
012 A00AA01 STATE STREET BANK AND TRUST COMPANY
012 B00AA01 85-05003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02109
013 A00AA01 COOPERS AND LYBRAND, LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 NASL FINANCIAL SERVICES, INC.
014 B00AA01 8-01833102
014 A00AA02 WOOD LOGAN ASSOCIATES, INC.
014 B00AA02 8-37133
020 A000001 BEAR STEARNS
020 B000001 00-0000000
020 C000001 35
020 A000002 FRED ALGER AND COMPANY
020 B000002 00-0000000
020 C000002 32
020 A000003 DONALDSON LUFKIN JENRETTE
020 B000003 13-2741729
020 C000003 32
020 A000004 PERSHING
020 B000004 00-0000000
<PAGE> PAGE 3
020 C000004 24
020 A000005 MORGAN STANLEY
020 B000005 13-2655998
020 C000005 21
020 A000006 NATIONAL FINANCIAL SERVICES
020 B000006 00-0000000
020 C000006 20
020 A000007 INSTINET
020 B000007 00-0000000
020 C000007 17
020 A000008 UBS SECURITIES
020 B000008 13-2932996
020 C000008 17
020 A000009 SALOMON BROTHERS
020 B000009 00-0000000
020 C000009 17
020 A000010 INVESTMENT TECHNOLOGIES GROUP
020 B000010 00-0000000
020 C000010 14
021 000000 528
022 A000001 STATE STREET BANK AND TRUST COMPANY
022 B000001 04-1867445
022 C000001 5981785
022 D000001 0
022 A000002 MORGAN GUARANTY TRUST
022 B000002 00-0000000
022 C000002 543032
022 D000002 0
022 A000003 UBS SECURITIES
022 B000003 13-2932996
022 C000003 532780
022 D000003 6377
022 A000004 LEHMAN BROTHERS
022 B000004 13-2518466
022 C000004 213188
022 D000004 119327
022 A000005 SWISS BANK CORPORATION
022 B000005 13-2639550
022 C000005 159555
022 D000005 0
022 A000006 GOLDMAN SACHS
022 B000006 13-5108880
022 C000006 146873
022 D000006 18422
022 A000007 PAINE WEBBER
022 B000007 13-2638166
022 C000007 116969
022 D000007 34198
022 A000008 FHLMC DEALER DESK
022 B000008 00-0000000
022 C000008 101752
<PAGE> PAGE 4
022 D000008 106099
022 A000009 NOMURA
022 B000009 13-2642206
022 C000009 93512
022 D000009 89760
022 A000010 MERRILL LYNCH
022 B000010 13-5674085
022 C000010 59647
022 D000010 7353
023 C000000 8216165
023 D000000 554838
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 Y
030 A00AA00 345
030 B00AA00 4.75
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 295
033 00AA00 50
034 00AA00 Y
035 00AA00 559
036 A00AA00 Y
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 86
042 E00AA00 0
042 F00AA00 0
042 G00AA00 14
042 H00AA00 0
043 00AA00 3318
044 00AA00 0
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
<PAGE> PAGE 5
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 Y
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
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 B00AA00 0
084 B00AA00 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
<PAGE> PAGE 6
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000101 NASL FINANCIAL SERVICES, INC.
008 B000101 A
008 C000101 801-833102
008 D010101 BOSTON
008 D020101 MA
008 D030101 02116
008 A000102 T. ROWE PRICE ASSOCIATES, INC.
008 B000102 S
008 C000102 801-856
008 D010102 BALTIMORE
008 D020102 MD
008 D030102 21202
015 A000101 STATE STREET BANK AND TRUST COMPANY
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02109
015 E010101 X
018 000100 Y
019 A000100 N
019 B000100 0
024 000100 N
025 A000101 JP MORGAN
025 B000101 13-3224016
025 C000101 E
025 D000101 1391
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 2427
028 A020100 0
028 A030100 0
028 A040100 2031
028 B010100 2102
028 B020100 30213
028 B030100 0
028 B040100 1882
028 C010100 2600
028 C020100 -1072
028 C030100 0
<PAGE> PAGE 7
028 C040100 3625
028 D010100 2257
028 D020100 47
028 D030100 0
028 D040100 5552
028 E010100 2853
028 E020100 3
028 E030100 0
028 E040100 5303
028 F010100 2967
028 F020100 0
028 F030100 0
028 F040100 3856
028 G010100 15206
028 G020100 29191
028 G030100 0
028 G040100 22249
028 H000100 4027
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 50000
048 A020100 0.800
048 B010100 150000
048 B020100 0.700
048 C010100 300000
048 C020100 0.600
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 500000
048 K020100 0.600
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
<PAGE> PAGE 8
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 N
<PAGE> PAGE 9
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 Y
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
071 A000100 22213
071 B000100 26694
071 C000100 132608
071 D000100 34
072 A000100 6
072 B000100 372
072 C000100 2091
072 D000100 0
072 E000100 0
072 F000100 524
072 G000100 0
072 H000100 0
072 I000100 135
072 J000100 29
072 K000100 0
072 L000100 0
072 M000100 0
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 113
072 R000100 25
072 S000100 0
072 T000100 630
072 U000100 0
072 V000100 0
072 W000100 27
072 X000100 1483
072 Y000100 132
072 Z000100 1112
072AA000100 4188
072BB000100 0
072CC010100 0
072CC020100 10004
072DD010100 298
072DD020100 431
072EE000100 29725
<PAGE> PAGE 10
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 1
074 B000100 207
074 C000100 0
074 D000100 10619
074 E000100 0
074 F000100 135568
074 G000100 0
074 H000100 0
074 I000100 20
074 J000100 318
074 K000100 16
074 L000100 284
074 M000100 23
074 N000100 147056
074 O000100 271
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 200
074 S000100 0
074 T000100 146585
074 U010100 5609
074 U020100 4027
074 V010100 0.00
074 V020100 0.00
074 W000100 0.0000
074 X000100 10125
074 Y000100 0
075 A000100 0
075 B000100 146879
076 000100 0.00
008 A000201 NASL FINANCIAL SERVICES, INC.
008 B000201 A
008 C000201 801-833102
008 D010201 BOSTON
008 D020201 MA
008 D030201 02116
008 A000202 SALOMON BROTHERS ASSET MANAGEMENT
008 B000202 S
008 C000202 801-32046
008 D010202 NEW YORK
008 D020202 NY
008 D030202 10048
015 A000201 STATE STREET BANK AND TRUST COMPANY
015 B000201 C
<PAGE> PAGE 11
015 C010201 BOSTON
015 C020201 MA
015 C030201 02109
015 E010201 X
018 000200 Y
019 A000200 N
019 B000200 0
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 2158
028 A020200 -1
028 A030200 0
028 A040200 4634
028 B010200 1218
028 B020200 361
028 B030200 0
028 B040200 4812
028 C010200 2898
028 C020200 348
028 C030200 0
028 C040200 4472
028 D010200 520
028 D020200 335
028 D030200 0
028 D040200 7750
028 E010200 752
028 E020200 327
028 E030200 0
028 E040200 5185
028 F010200 775
028 F020200 307
028 F030200 0
028 F040200 4093
028 G010200 8321
028 G020200 1677
028 G030200 0
028 G040200 30946
028 H000200 4330
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 50000
048 A020200 0.600
<PAGE> PAGE 12
048 B010200 150000
048 B020200 0.600
048 C010200 300000
048 C020200 0.525
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 500000
048 K020200 0.475
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
062 A000200 Y
062 B000200 0.0
062 C000200 16.8
062 D000200 23.0
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 4.0
062 N000200 56.2
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 5.6
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
<PAGE> PAGE 13
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 Y
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 120951
071 B000200 154439
071 C000200 98409
071 D000200 248
072 A000200 6
072 B000200 3841
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 304
072 G000200 0
072 H000200 0
<PAGE> PAGE 14
072 I000200 83
072 J000200 20
072 K000200 0
072 L000200 0
072 M000200 0
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 84
072 R000200 19
072 S000200 0
072 T000200 291
072 U000200 0
072 V000200 0
072 W000200 22
072 X000200 823
072 Y000200 75
072 Z000200 3093
072AA000200 0
072BB000200 1111
072CC010200 0
072CC020200 136
072DD010200 2009
072DD020200 937
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 29577
074 C000200 21587
074 D000200 77373
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 28269
074 K000200 51
074 L000200 563
074 M000200 16
074 N000200 157436
074 O000200 66615
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 641
074 S000200 0
<PAGE> PAGE 15
074 T000200 90180
074 U010200 6054
074 U020200 3250
074 V010200 0.00
074 V020200 0.00
074 W000200 0.0000
074 X000200 4110
074 Y000200 39199
075 A000200 0
075 B000200 102185
076 000200 0.00
008 A000301 NASL FINANCIAL SERVICES, INC.
008 B000301 A
008 C000301 801-833102
008 D010301 BOSTON
008 D020301 MA
008 D030301 02116
008 A000302 MANUFACTURERS ADVISER CORPORATION
008 B000302 S
008 C000302 801-21276
008 D010302 TORONTO
008 D050302 CANADA
008 D060302 M4W1E5
015 A000301 STATE STREET BANK AND TRUST COMPANY
015 B000301 C
015 C010301 BOSTON
015 C020301 MA
015 C030301 02109
015 E010301 X
018 000300 Y
019 A000300 N
019 B000300 0
024 000300 Y
025 A000301 MERRILL LYNCH
025 B000301 13-5674085
025 C000301 D
025 D000301 887
025 A000302 DELETE
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 3364
028 A020300 0
028 A030300 0
028 A040300 4109
028 B010300 5325
028 B020300 76
<PAGE> PAGE 16
028 B030300 0
028 B040300 6009
028 C010300 3142
028 C020300 76
028 C030300 0
028 C040300 3142
028 D010300 4809
028 D020300 71
028 D030300 0
028 D040300 4885
028 E010300 7716
028 E020300 66
028 E030300 0
028 E040300 4417
028 F010300 8622
028 F020300 77
028 F030300 0
028 F040300 7243
028 G010300 32978
028 G020300 366
028 G030300 0
028 G040300 29803
028 H000300 12418
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 50000
048 A020300 0.200
048 B010300 150000
048 B020300 0.200
048 C010300 300000
048 C020300 0.200
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 500000
048 K020300 0.145
049 000300 N
050 000300 N
<PAGE> PAGE 17
051 000300 N
052 000300 N
053 A000300 Y
053 B000300 Y
053 C000300 N
062 A000300 Y
062 B000300 0.0
062 C000300 13.3
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 86.7
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 43
063 B000300 0.0
064 A000300 Y
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
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 N
<PAGE> PAGE 18
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 0
071 B000300 0
071 C000300 0
071 D000300 0
072 A000300 6
072 B000300 558
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 21
072 G000300 0
072 H000300 0
072 I000300 32
072 J000300 4
072 K000300 0
072 L000300 0
072 M000300 0
072 N000300 0
072 O000300 0
072 P000300 0
072 Q000300 15
072 R000300 3
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 17
072 X000300 92
072 Y000300 41
072 Z000300 507
072AA000300 0
072BB000300 0
072CC010300 0
072CC020300 0
<PAGE> PAGE 19
072DD010300 201
072DD020300 305
072EE000300 0
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 24618
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 6
074 L000300 2
074 M000300 18
074 N000300 24644
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 115
074 S000300 0
074 T000300 24529
074 U010300 10538
074 U020300 13991
074 V010300 0.00
074 V020300 0.00
074 W000300 1.0000
074 X000300 1873
074 Y000300 0
075 A000300 20836
075 B000300 0
076 000300 0.00
025 D000401 0
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 0
028 A020400 0
028 A030400 0
<PAGE> PAGE 20
028 A040400 0
028 B010400 0
028 B020400 0
028 B030400 0
028 B040400 0
028 C010400 0
028 C020400 0
028 C030400 0
028 C040400 0
028 D010400 0
028 D020400 0
028 D030400 0
028 D040400 0
028 E010400 0
028 E020400 0
028 E030400 0
028 E040400 0
028 F010400 0
028 F020400 0
028 F030400 0
028 F040400 0
028 G010400 0
028 G020400 0
028 G030400 0
028 G040400 0
028 H000400 0
072 I000400 0
072 J000400 0
072 K000400 0
072 L000400 0
072 M000400 0
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 0
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 0
072 X000400 0
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 0
074 S000400 0
074 T000400 0
<PAGE> PAGE 21
074 U010400 0
074 U020400 0
074 V010400 0.00
074 V020400 0.00
074 W000400 0.0000
074 X000400 0
074 Y000400 0
074 O000500 0
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 0
074 S000500 0
074 T000500 0
074 U010500 0
074 U020500 0
074 V010500 0.00
074 V020500 0.00
074 W000500 0.0000
074 X000500 0
074 Y000500 0
074 O000600 0
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 0
074 S000600 0
074 T000600 0
074 U010600 0
074 U020600 0
074 V010600 0.00
074 V020600 0.00
074 W000600 0.0000
074 X000600 0
074 Y000600 0
008 A000701 NASL FINANCIAL SERVICES, INC
008 B000701 A
008 C000701 801-833102
008 D010701 BOSTON
008 D020701 MA
008 D030701 02116
008 A000702 MORGAN STANLEY ASSET MANAGEMENT INC.
008 B000702 S
008 C000702 801-15757
008 D010702 LONDON
008 D050702 ENGLAND
008 D060702 E144QA
<PAGE> PAGE 22
015 A000701 STATE STREET BANK AND TRUST COMPANY
015 B000701 C
015 C010701 BOSTON
015 C020701 MA
015 C030701 02109
015 E010701 X
018 000700 Y
019 A000700 N
019 B000700 0
024 000700 N
025 D000701 0
025 D000702 0
025 D000703 0
025 D000704 0
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 1238
028 A020700 0
028 A030700 0
028 A040700 3035
028 B010700 676
028 B020700 12694
028 B030700 0
028 B040700 3054
028 C010700 1123
028 C020700 -679
028 C030700 0
028 C040700 4083
028 D010700 1158
028 D020700 0
028 D030700 0
028 D040700 5274
028 E010700 1724
028 E020700 0
028 E030700 0
028 E040700 2466
028 F010700 1975
028 F020700 0
028 F030700 0
028 F040700 3918
028 G010700 7894
028 G020700 12015
028 G030700 0
028 G040700 21830
028 H000700 2241
045 000700 Y
046 000700 N
047 000700 Y
048 000700 0.000
<PAGE> PAGE 23
048 A010700 50000
048 A020700 0.900
048 B010700 150000
048 B020700 0.900
048 C010700 300000
048 C020700 0.700
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 500000
048 K020700 0.700
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 Y
053 B000700 Y
053 C000700 N
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
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 0.0
063 A000700 0
063 B000700 0.0
066 A000700 Y
066 B000700 N
<PAGE> PAGE 24
066 C000700 Y
066 D000700 N
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 Y
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 Y
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 Y
070 N020700 Y
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 13826
071 B000700 23204
071 C000700 118086
071 D000700 24
072 A000700 6
072 B000700 13
<PAGE> PAGE 25
072 C000700 1272
072 D000700 0
072 E000700 0
072 F000700 527
072 G000700 0
072 H000700 0
072 I000700 126
072 J000700 47
072 K000700 0
072 L000700 0
072 M000700 0
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 93
072 R000700 21
072 S000700 0
072 T000700 498
072 U000700 0
072 V000700 0
072 W000700 56
072 X000700 1368
072 Y000700 50
072 Z000700 -33
072AA000700 1745
072BB000700 0
072CC010700 11746
072CC020700 0
072DD010700 0
072DD020700 90
072EE000700 12820
073 A010700 0.0000
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 0
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 113707
074 G000700 0
074 H000700 0
074 I000700 34
074 J000700 12364
074 K000700 53
074 L000700 641
074 M000700 19
074 N000700 126818
074 O000700 11450
074 P000700 0
<PAGE> PAGE 26
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 357
074 S000700 0
074 T000700 115011
074 U010700 4186
074 U020700 3780
074 V010700 0.00
074 V020700 0.00
074 W000700 0.0000
074 X000700 8615
074 Y000700 0
075 A000700 0
075 B000700 118141
076 000700 0.00
008 A000801 NASL FINACIAL SERVICES, INC.
008 B000801 A
008 C000801 801-833102
008 D010801 BOSTON
008 D020801 MA
008 D030801 02116
008 A000802 WELLINGTON MANAGEMENT COMPANY
008 B000802 S
008 C000802 801-15908
008 D010802 BOSTON
008 D020802 MA
008 D030802 02109
015 A000801 STATE STREET BANK AND TRUST COMPANY
015 B000801 C
015 C010801 BOSTON
015 C020801 MA
015 C030801 02109
015 E010801 X
018 000800 Y
019 A000800 N
019 B000800 0
024 000800 N
025 D000801 0
025 D000802 0
025 D000803 0
025 D000804 0
025 D000805 0
025 D000806 0
025 D000807 0
025 D000808 0
028 A010800 468
028 A020800 0
028 A030800 0
028 A040800 517
<PAGE> PAGE 27
028 B010800 179
028 B020800 94
028 B030800 0
028 B040800 949
028 C010800 222
028 C020800 92
028 C030800 0
028 C040800 557
028 D010800 176
028 D020800 91
028 D030800 0
028 D040800 771
028 E010800 239
028 E020800 88
028 E030800 0
028 E040800 610
028 F010800 196
028 F020800 85
028 F030800 0
028 F040800 755
028 G010800 1480
028 G020800 450
028 G030800 0
028 G040800 4159
028 H000800 362
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.000
048 A010800 50000
048 A020800 0.600
048 B010800 150000
048 B020800 0.600
048 C010800 300000
048 C020800 0.525
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
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 500000
048 K020800 0.475
<PAGE> PAGE 28
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 Y
053 B000800 Y
053 C000800 N
062 A000800 Y
062 B000800 0.0
062 C000800 0.0
062 D000800 4.8
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 34.1
062 N000800 25.5
062 O000800 0.0
062 P000800 32.6
062 Q000800 3.0
062 R000800 0.0
063 A000800 0
063 B000800 11.9
064 A000800 Y
064 B000800 N
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 N
070 B020800 N
070 C010800 N
070 C020800 N
070 D010800 N
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
<PAGE> PAGE 29
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 N
070 M010800 Y
070 M020800 N
070 N010800 Y
070 N020800 Y
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 6079
071 B000800 8384
071 C000800 19646
071 D000800 62
072 A000800 6
072 B000800 785
072 C000800 0
072 D000800 0
072 E000800 0
072 F000800 60
072 G000800 0
072 H000800 0
072 I000800 23
072 J000800 4
072 K000800 0
072 L000800 0
072 M000800 0
072 N000800 0
072 O000800 0
072 P000800 0
072 Q000800 16
072 R000800 4
072 S000800 0
072 T000800 74
072 U000800 0
072 V000800 0
072 W000800 13
072 X000800 194
072 Y000800 30
072 Z000800 621
072AA000800 20
072BB000800 0
<PAGE> PAGE 30
072CC010800 0
072CC020800 373
072DD010800 269
072DD020800 356
072EE000800 0
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 1
074 B000800 910
074 C000800 0
074 D000800 18184
074 E000800 0
074 F000800 0
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 186
074 K000800 4
074 L000800 327
074 M000800 14
074 N000800 19626
074 O000800 792
074 P000800 0
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 146
074 S000800 0
074 T000800 18688
074 U010800 747
074 U020800 1094
074 V010800 0.00
074 V020800 0.00
074 W000800 0.0000
074 X000800 1238
074 Y000800 910
075 A000800 0
075 B000800 20143
076 000800 0.00
008 A000901 NASL FINANCIAL SERVICES, INC
008 B000901 A
008 C000901 801-833102
008 D010901 BOSTON
008 D020901 MA
008 D030901 02116
008 A000902 WELLINGTON MANAGEMENT COMPANY
008 B000902 S
008 C000902 801-15908
<PAGE> PAGE 31
008 D010902 BOSTON
008 D020902 MA
008 D030902 02109
015 A000901 STATE STREET BANK AND TRUST COMPANY
015 B000901 C
015 C010901 BOSTON
015 C020901 MA
015 C030901 02109
015 E010901 X
018 000900 Y
019 A000900 N
019 B000900 0
024 000900 N
025 A000901 DELETE
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 2591
028 A020900 0
028 A030900 0
028 A040900 1526
028 B010900 3408
028 B020900 7920
028 B030900 0
028 B040900 1988
028 C010900 4203
028 C020900 -559
028 C030900 0
028 C040900 2718
028 D010900 3331
028 D020900 -1
028 D030900 0
028 D040900 2890
028 E010900 3186
028 E020900 0
028 E030900 0
028 E040900 2880
028 F010900 4176
028 F020900 3
028 F030900 0
028 F040900 3885
028 G010900 20895
028 G020900 7363
028 G030900 0
028 G040900 15887
028 H000900 5620
<PAGE> PAGE 32
045 000900 Y
046 000900 N
047 000900 Y
048 000900 0.000
048 A010900 50000
048 A020900 0.725
048 B010900 150000
048 B020900 0.675
048 C010900 300000
048 C020900 0.625
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 500000
048 K020900 0.550
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 Y
053 B000900 Y
053 C000900 N
062 A000900 N
062 B000900 0.0
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 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
<PAGE> PAGE 33
063 A000900 0
063 B000900 0.0
066 A000900 Y
066 B000900 N
066 C000900 N
066 D000900 N
066 E000900 Y
066 F000900 N
066 G000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 Y
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 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 Y
070 N010900 Y
070 N020900 Y
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 34499
071 B000900 29606
<PAGE> PAGE 34
071 C000900 138800
071 D000900 43
072 A000900 6
072 B000900 72
072 C000900 1449
072 D000900 0
072 E000900 0
072 F000900 487
072 G000900 0
072 H000900 0
072 I000900 112
072 J000900 28
072 K000900 0
072 L000900 0
072 M000900 0
072 N000900 0
072 O000900 0
072 P000900 0
072 Q000900 106
072 R000900 24
072 S000900 0
072 T000900 636
072 U000900 0
072 V000900 0
072 W000900 25
072 X000900 1418
072 Y000900 86
072 Z000900 189
072AA000900 5701
072BB000900 0
072CC010900 12143
072CC020900 0
072DD010900 96
072DD020900 143
072EE000900 7693
073 A010900 0.0000
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 0
074 B000900 2155
074 C000900 0
074 D000900 0
074 E000900 548
074 F000900 148140
074 G000900 0
074 H000900 0
074 I000900 2
074 J000900 0
074 K000900 23
074 L000900 386
<PAGE> PAGE 35
074 M000900 24
074 N000900 151278
074 O000900 648
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 310
074 S000900 0
074 T000900 150320
074 U010900 4476
074 U020900 3510
074 V010900 0.00
074 V020900 0.00
074 W000900 0.0000
074 X000900 8729
074 Y000900 0
075 A000900 0
075 B000900 141872
076 000900 0.00
008 A001001 NASL FINANCIAL SERVICES, INC.
008 B001001 A
008 C001001 801-833102
008 D011001 BOSTON
008 D021001 MA
008 D031001 02116
008 A001002 FOUNDERS ASSET MANAGEMENT, INC.
008 B001002 S
008 C001002 801-8049
008 D011002 DENVER
008 D021002 CO
008 D031002 80206
015 A001001 STATE STREET BANK AND TRUST COMPANY
015 B001001 C
015 C011001 BOSTON
015 C021001 MA
015 C031001 02109
015 E011001 X
018 001000 Y
019 A001000 N
019 B001000 0
024 001000 N
025 A001001 DELETE
025 D001001 0
025 D001002 0
025 D001003 0
025 D001004 0
025 D001005 0
025 D001006 0
025 D001007 0
<PAGE> PAGE 36
025 D001008 0
028 A011000 614
028 A021000 0
028 A031000 0
028 A041000 2196
028 B011000 1000
028 B021000 11827
028 B031000 0
028 B041000 1582
028 C011000 824
028 C021000 -858
028 C031000 0
028 C041000 2419
028 D011000 1668
028 D021000 0
028 D031000 0
028 D041000 2347
028 E011000 1025
028 E021000 0
028 E031000 0
028 E041000 2797
028 F011000 1320
028 F021000 0
028 F031000 0
028 F041000 3125
028 G011000 6451
028 G021000 10969
028 G031000 0
028 G041000 14466
028 H001000 1561
045 001000 Y
046 001000 N
047 001000 Y
048 001000 0.000
048 A011000 50000
048 A021000 0.775
048 B011000 150000
048 B021000 0.725
048 C011000 300000
048 C021000 0.675
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
<PAGE> PAGE 37
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 500000
048 K021000 0.625
049 001000 N
050 001000 N
051 001000 N
052 001000 N
053 A001000 Y
053 B001000 Y
053 C001000 N
062 A001000 N
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 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
063 A001000 0
063 B001000 0.0
066 A001000 Y
066 B001000 N
066 C001000 N
066 D001000 N
066 E001000 N
066 F001000 N
066 G001000 Y
067 001000 Y
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 Y
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
<PAGE> PAGE 38
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 Y
070 I021000 N
070 J011000 Y
070 J021000 Y
070 K011000 Y
070 K021000 Y
070 L011000 Y
070 L021000 Y
070 M011000 Y
070 M021000 Y
070 N011000 Y
070 N021000 Y
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 108300
071 B001000 117724
071 C001000 92609
071 D001000 236
072 A001000 6
072 B001000 1396
072 C001000 725
072 D001000 0
072 E001000 0
072 F001000 360
072 G001000 0
072 H001000 0
072 I001000 85
072 J001000 20
072 K001000 0
072 L001000 0
072 M001000 0
072 N001000 0
072 O001000 0
072 P001000 0
072 Q001000 78
072 R001000 17
072 S001000 0
<PAGE> PAGE 39
072 T001000 455
072 U001000 0
072 V001000 0
072 W001000 22
072 X001000 1037
072 Y001000 95
072 Z001000 1179
072AA001000 10105
072BB001000 0
072CC011000 0
072CC021000 5645
072DD011000 2059
072DD021000 902
072EE001000 9233
073 A011000 0.0000
073 A021000 0.0000
073 B001000 0.0000
073 C001000 0.0000
074 A001000 0
074 B001000 7031
074 C001000 0
074 D001000 36724
074 E001000 0
074 F001000 53484
074 G001000 0
074 H001000 0
074 I001000 107
074 J001000 9
074 K001000 17
074 L001000 581
074 M001000 18
074 N001000 97971
074 O001000 1164
074 P001000 0
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 244
074 S001000 0
074 T001000 96563
074 U011000 5920
074 U021000 2506
074 V011000 0.00
074 V021000 0.00
074 W001000 0.0000
074 X001000 5692
074 Y001000 0
075 A001000 0
075 B001000 99076
076 001000 0.00
<PAGE> PAGE 40
008 A001101 NASL FINANCIAL SERVICES, INC.
008 B001101 A
008 C001101 801-833102
008 D011101 BOSTON
008 D021101 MA
008 D031101 02116
008 A001102 SALOMON BROTHERS ASSET MANAGEMENT
008 B001102 S
008 C001102 801-32046
008 D011102 NEW YORK
008 D021102 NY
008 D031102 10048
015 A001101 STATE STREET BANK AND TRUST COMPANY
015 B001101 C
015 C011101 BOSTON
015 C021101 MA
015 C031101 02109
015 E011101 X
018 001100 Y
019 A001100 N
019 B001100 0
024 001100 N
025 D001101 0
025 D001102 0
025 D001103 0
025 D001104 0
025 D001105 0
025 D001106 0
025 D001107 0
025 D001108 0
028 A011100 57
028 A021100 15
028 A031100 0
028 A041100 1313
028 B011100 335
028 B021100 44
028 B031100 0
028 B041100 196
028 C011100 235
028 C021100 45
028 C031100 0
028 C041100 527
028 D011100 167
028 D021100 44
028 D031100 0
028 D041100 226
028 E011100 623
028 E021100 44
028 E031100 0
028 E041100 333
028 F011100 -197
<PAGE> PAGE 41
028 F021100 29
028 F031100 0
028 F041100 305
028 G011100 1220
028 G021100 221
028 G031100 0
028 G041100 2900
028 H001100 171
045 001100 Y
046 001100 N
047 001100 Y
048 001100 0.000
048 A011100 50000
048 A021100 0.600
048 B011100 150000
048 B021100 0.600
048 C011100 300000
048 C021100 0.600
048 D011100 0
048 D021100 0.000
048 E011100 0
048 E021100 0.000
048 F011100 0
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 500000
048 K021100 0.600
049 001100 N
050 001100 N
051 001100 N
052 001100 N
053 A001100 Y
053 B001100 Y
053 C001100 N
062 A001100 Y
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 4.9
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
<PAGE> PAGE 42
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 95.1
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
063 A001100 0
063 B001100 19.9
064 A001100 Y
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
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
<PAGE> PAGE 43
070 R011100 N
070 R021100 N
071 A001100 2040
071 B001100 3969
071 C001100 17985
071 D001100 23
072 A001100 6
072 B001100 544
072 C001100 0
072 D001100 0
072 E001100 0
072 F001100 55
072 G001100 0
072 H001100 0
072 I001100 10
072 J001100 4
072 K001100 0
072 L001100 0
072 M001100 0
072 N001100 0
072 O001100 0
072 P001100 0
072 Q001100 15
072 R001100 3
072 S001100 0
072 T001100 63
072 U001100 1
072 V001100 0
072 W001100 12
072 X001100 163
072 Y001100 24
072 Z001100 405
072AA001100 105
072BB001100 0
072CC011100 0
072CC021100 152
072DD011100 168
072DD021100 237
072EE001100 0
073 A011100 0.0000
073 A021100 0.0000
073 B001100 0.0000
073 C001100 0.0000
074 A001100 79
074 B001100 0
074 C001100 900
074 D001100 17372
074 E001100 0
074 F001100 0
074 G001100 0
074 H001100 0
<PAGE> PAGE 44
074 I001100 0
074 J001100 0
074 K001100 5
074 L001100 299
074 M001100 11
074 N001100 18666
074 O001100 541
074 P001100 0
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 98
074 S001100 0
074 T001100 18027
074 U011100 677
074 U021100 1180
074 V011100 0.00
074 V021100 0.00
074 W001100 0.0000
074 X001100 382
074 Y001100 0
075 A001100 0
075 B001100 18404
076 001100 0.00
008 A001201 NASL FINANCIAL SERVICES, INC.
008 B001201 A
008 C001201 801-833102
008 D011201 BOSTON
008 D021201 MA
008 D031201 02116
008 A001202 SALOMON BROTHERS ASSET MANAGEMENT
008 B001202 S
008 C001202 801-32046
008 D011202 NEW YORK
008 D021202 NY
008 D031202 10048
024 001200 N
025 D001201 0
025 D001202 0
025 D001203 0
025 D001204 0
025 D001205 0
025 D001206 0
025 D001207 0
025 D001208 0
028 A011200 170
028 A021200 0
028 A031200 0
028 A041200 82
028 B011200 497
<PAGE> PAGE 45
028 B021200 13
028 B031200 0
028 B041200 20
028 C011200 144
028 C021200 14
028 C031200 0
028 C041200 130
028 D011200 289
028 D021200 14
028 D031200 0
028 D041200 319
028 E011200 275
028 E021200 14
028 E031200 0
028 E041200 20
028 F011200 87
028 F021200 27
028 F031200 0
028 F041200 591
028 G011200 1462
028 G021200 82
028 G031200 0
028 G041200 1162
028 H001200 442
045 001200 Y
046 001200 N
047 001200 Y
048 001200 0.000
048 A011200 50000
048 A021200 0.600
048 B011200 150000
048 B021200 0.600
048 C011200 300000
048 C021200 0.600
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 500000
048 K021200 0.600
049 001200 N
<PAGE> PAGE 46
050 001200 N
051 001200 N
052 001200 N
053 A001200 Y
053 B001200 Y
053 C001200 N
062 A001200 N
062 B001200 0.0
062 C001200 0.0
062 D001200 0.0
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 0.0
062 P001200 0.0
062 Q001200 0.0
062 R001200 0.0
063 A001200 0
063 B001200 0.0
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 Y
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 Y
070 J021200 N
<PAGE> PAGE 47
070 K011200 Y
070 K021200 N
070 L011200 N
070 L021200 N
070 M011200 N
070 M021200 N
070 N011200 Y
070 N021200 N
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 2589
071 B001200 674
071 C001200 4075
071 D001200 17
072 A001200 12
072 B001200 262
072 C001200 0
072 D001200 0
072 E001200 0
072 F001200 30
072 G001200 0
072 H001200 0
072 I001200 8
072 J001200 26
072 K001200 0
072 L001200 0
072 M001200 0
072 N001200 0
072 O001200 0
072 P001200 0
072 Q001200 7
072 R001200 3
072 S001200 0
072 T001200 10
072 U001200 3
072 V001200 0
072 W001200 4
072 X001200 91
072 Y001200 62
072 Z001200 233
072AA001200 0
072BB001200 68
072CC011200 0
072CC021200 695
072DD011200 206
<PAGE> PAGE 48
072DD021200 27
072EE001200 0
073 A011200 0.0000
073 A021200 0.0000
073 B001200 0.0000
073 C001200 0.0000
074 A001200 60
074 B001200 0
074 C001200 100
074 D001200 4572
074 E001200 0
074 F001200 0
074 G001200 0
074 H001200 0
074 I001200 0
074 J001200 266
074 K001200 0
074 L001200 84
074 M001200 26
074 N001200 5108
074 O001200 0
074 P001200 0
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 393
074 S001200 0
074 T001200 4715
074 U011200 379
074 U021200 161
074 V011200 0.00
074 V021200 0.00
074 W001200 0.0000
074 X001200 99
074 Y001200 0
075 A001200 0
075 B001200 4962
076 001200 0.00
008 A001301 NASL FINANCIAL SERVICES, INC.
008 B001301 A
008 C001301 801-833102
008 D011301 BOSTON,
008 D021301 MA
008 D031301 02116
008 A001302 SALOMON BROTHERS ASSET MANAGEMENT
008 B001302 S
008 C001302 801-32046
008 D011302 NEW YORK
008 D021302 NY
008 D031302 10048
<PAGE> PAGE 49
015 A001301 STATE STREET BANK AND TRUST COMPANY
015 B001301 C
015 C011301 BOSTON
015 C021301 MA
015 C031301 02109
015 E011301 X
018 001300 Y
019 A001300 N
019 B001300 0
024 001300 N
025 A001301 DELETE
025 D001301 0
025 D001302 0
025 D001303 0
025 D001304 0
025 D001305 0
025 D001306 0
025 D001307 0
025 D001308 0
028 A011300 733
028 A021300 0
028 A031300 0
028 A041300 367
028 B011300 600
028 B021300 2320
028 B031300 0
028 B041300 459
028 C011300 887
028 C021300 -230
028 C031300 0
028 C041300 473
028 D011300 713
028 D021300 0
028 D031300 0
028 D041300 548
028 E011300 754
028 E021300 0
028 E031300 0
028 E041300 974
028 F011300 728
028 F021300 0
028 F031300 0
028 F041300 880
028 G011300 4415
028 G021300 2090
028 G031300 0
028 G041300 3701
028 H001300 1052
045 001300 Y
046 001300 N
047 001300 Y
<PAGE> PAGE 50
048 001300 0.000
048 A011300 50000
048 A021300 0.750
048 B011300 150000
048 B021300 0.700
048 C011300 300000
048 C021300 0.650
048 D011300 0
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 500000
048 K021300 0.600
049 001300 N
050 001300 N
051 001300 N
052 001300 N
053 A001300 Y
053 B001300 Y
053 C001300 N
062 A001300 Y
062 B001300 0.0
062 C001300 0.0
062 D001300 14.0
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 3.5
062 M001300 1.5
062 N001300 14.1
062 O001300 0.0
062 P001300 43.3
062 Q001300 23.6
062 R001300 0.0
063 A001300 0
063 B001300 12.8
064 A001300 N
<PAGE> PAGE 51
064 B001300 N
066 A001300 N
067 001300 N
068 A001300 N
068 B001300 N
069 001300 N
070 A011300 Y
070 A021300 Y
070 B011300 N
070 B021300 N
070 C011300 N
070 C021300 N
070 D011300 N
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 N
070 K011300 Y
070 K021300 N
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 Y
070 N011300 Y
070 N021300 Y
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 57863
071 B001300 47075
071 C001300 66373
071 D001300 143
072 A001300 6
072 B001300 3291
072 C001300 2
072 D001300 0
072 E001300 0
<PAGE> PAGE 52
072 F001300 263
072 G001300 0
072 H001300 0
072 I001300 48
072 J001300 29
072 K001300 0
072 L001300 0
072 M001300 0
072 N001300 0
072 O001300 0
072 P001300 0
072 Q001300 54
072 R001300 12
072 S001300 0
072 T001300 310
072 U001300 1
072 V001300 0
072 W001300 17
072 X001300 734
072 Y001300 15
072 Z001300 2574
072AA001300 0
072BB001300 854
072CC011300 799
072CC021300 0
072DD011300 698
072DD021300 2512
072EE001300 1315
073 A011300 0.0000
073 A021300 0.0000
073 B001300 0.0000
073 C001300 0.0000
074 A001300 1
074 B001300 11816
074 C001300 3000
074 D001300 69823
074 E001300 0
074 F001300 0
074 G001300 0
074 H001300 0
074 I001300 29
074 J001300 5338
074 K001300 6
074 L001300 1717
074 M001300 22
074 N001300 91752
074 O001300 15173
074 P001300 0
074 Q001300 0
074 R011300 0
074 R021300 0
<PAGE> PAGE 53
074 R031300 0
074 R041300 591
074 S001300 0
074 T001300 75988
074 U011300 1673
074 U021300 6297
074 V011300 0.00
074 V021300 0.00
074 W001300 0.0000
074 X001300 3076
074 Y001300 11816
075 A001300 0
075 B001300 72058
076 001300 0.00
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 801-21011
008 D011402 NEW YORK
008 D021402 NY
008 D031402 10036
015 A001401 STATE STREET BANK AND TRUST COMPANY
015 B001401 C
015 C011401 BOSTON
015 C021401 MA
015 C031401 02109
015 E011401 X
018 001400 Y
019 A001400 N
019 B001400 0
024 001400 Y
025 A001401 DELETE
025 D001401 0
025 A001402 NOMURA SECURITIES
025 B001402 13-2642206
025 C001402 E
025 D001402 157
025 D001403 0
025 D001404 0
025 D001405 0
025 D001406 0
025 D001407 0
025 D001408 0
028 A011400 1662
028 A021400 0
028 A031400 0
<PAGE> PAGE 54
028 A041400 466
028 B011400 1764
028 B021400 0
028 B031400 0
028 B041400 744
028 C011400 1542
028 C021400 0
028 C031400 0
028 C041400 1641
028 D011400 1185
028 D021400 0
028 D031400 0
028 D041400 1033
028 E011400 1079
028 E021400 0
028 E031400 0
028 E041400 529
028 F011400 1274
028 F021400 0
028 F031400 0
028 F041400 774
028 G011400 8506
028 G021400 0
028 G031400 0
028 G041400 5187
028 H001400 1462
045 001400 Y
046 001400 N
047 001400 Y
048 001400 0.000
048 A011400 50000
048 A021400 0.900
048 B011400 150000
048 B021400 0.850
048 C011400 300000
048 C021400 0.800
048 D011400 0
048 D021400 0.000
048 E011400 0
048 E021400 0.000
048 F011400 0
048 F021400 0.000
048 G011400 0
048 G021400 0.000
048 H011400 0
048 H021400 0.000
048 I011400 0
048 I021400 0.000
048 J011400 0
048 J021400 0.000
048 K011400 500000
<PAGE> PAGE 55
048 K021400 0.750
049 001400 N
050 001400 N
051 001400 N
052 001400 N
053 A001400 Y
053 B001400 Y
053 C001400 N
062 A001400 N
062 B001400 0.0
062 C001400 0.0
062 D001400 0.0
062 E001400 0.0
062 F001400 0.0
062 G001400 0.0
062 H001400 0.0
062 I001400 0.0
062 J001400 0.0
062 K001400 0.0
062 L001400 0.0
062 M001400 0.0
062 N001400 0.0
062 O001400 0.0
062 P001400 0.0
062 Q001400 0.0
062 R001400 0.0
063 A001400 0
063 B001400 0.0
066 A001400 Y
066 B001400 N
066 C001400 N
066 D001400 N
066 E001400 Y
066 F001400 N
066 G001400 N
067 001400 N
068 A001400 N
068 B001400 Y
069 001400 N
070 A011400 Y
070 A021400 Y
070 B011400 Y
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
070 F021400 N
<PAGE> PAGE 56
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 Y
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 Y
070 M011400 Y
070 M021400 Y
070 N011400 Y
070 N021400 Y
070 O011400 Y
070 O021400 N
070 P011400 N
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400 18036
071 B001400 19255
071 C001400 29740
071 D001400 122
072 A001400 6
072 B001400 138
072 C001400 227
072 D001400 0
072 E001400 0
072 F001400 135
072 G001400 0
072 H001400 0
072 I001400 32
072 J001400 12
072 K001400 0
072 L001400 0
072 M001400 0
072 N001400 0
072 O001400 0
072 P001400 0
072 Q001400 23
072 R001400 5
072 S001400 0
072 T001400 134
072 U001400 1
072 V001400 0
072 W001400 15
<PAGE> PAGE 57
072 X001400 357
072 Y001400 13
072 Z001400 21
072AA001400 1513
072BB001400 0
072CC011400 0
072CC021400 581
072DD011400 106
072DD021400 264
072EE001400 1984
073 A011400 0.0000
073 A021400 0.0000
073 B001400 0.0000
073 C001400 0.0000
074 A001400 1
074 B001400 462
074 C001400 0
074 D001400 4532
074 E001400 671
074 F001400 22355
074 G001400 0
074 H001400 0
074 I001400 1919
074 J001400 14259
074 K001400 3
074 L001400 254
074 M001400 21
074 N001400 44477
074 O001400 13974
074 P001400 0
074 Q001400 0
074 R011400 0
074 R021400 0
074 R031400 0
074 R041400 54
074 S001400 0
074 T001400 30449
074 U011400 837
074 U021400 1984
074 V011400 0.00
074 V021400 0.00
074 W001400 0.0000
074 X001400 3057
074 Y001400 0
075 A001400 0
075 B001400 30220
076 001400 0.00
008 A001501 NASL FINANCIAL SERVICES, INC
008 B001501 A
008 C001501 801-833102
008 D011501 BOSTON
<PAGE> PAGE 58
008 D021501 MA
008 D031501 02116
008 A001502 FRED ALGER MANAGEMENT, INC.
008 B001502 S
008 C001502 801-06709
008 D011502 JERSEY CITY
008 D021502 NJ
008 D031502 07302
015 A001501 STATE STREET BANK AND TRUST COMPANY
015 B001501 C
015 C011501 BOSTON
015 C021501 MA
015 C031501 02109
015 E011501 X
018 001500 Y
019 A001500 N
019 B001500 0
024 001500 N
025 D001501 0
025 D001502 0
025 D001503 0
025 D001504 0
025 D001505 0
025 D001506 0
025 D001507 0
025 D001508 0
028 A011500 1873
028 A021500 0
028 A031500 0
028 A041500 473
028 B011500 1177
028 B021500 0
028 B031500 0
028 B041500 2188
028 C011500 1109
028 C021500 0
028 C031500 0
028 C041500 480
028 D011500 1488
028 D021500 0
028 D031500 0
028 D041500 1268
028 E011500 2155
028 E021500 0
028 E031500 0
028 E041500 416
028 F011500 1097
028 F021500 0
028 F031500 0
028 F041500 824
028 G011500 8899
<PAGE> PAGE 59
028 G021500 0
028 G031500 0
028 G041500 5649
028 H001500 1323
045 001500 Y
046 001500 N
047 001500 Y
048 001500 0.000
048 A011500 50000
048 A021500 0.925
048 B011500 150000
048 B021500 0.900
048 C011500 300000
048 C021500 0.875
048 D011500 0
048 D021500 0.000
048 E011500 0
048 E021500 0.000
048 F011500 0
048 F021500 0.000
048 G011500 0
048 G021500 0.000
048 H011500 0
048 H021500 0.000
048 I011500 0
048 I021500 0.000
048 J011500 0
048 J021500 0.000
048 K011500 500000
048 K021500 0.850
049 001500 N
050 001500 N
051 001500 N
052 001500 N
053 A001500 Y
053 B001500 Y
053 C001500 N
062 A001500 N
062 B001500 0.0
062 C001500 0.0
062 D001500 0.0
062 E001500 0.0
062 F001500 0.0
062 G001500 0.0
062 H001500 0.0
062 I001500 0.0
062 J001500 0.0
062 K001500 0.0
062 L001500 0.0
062 M001500 0.0
062 N001500 0.0
<PAGE> PAGE 60
062 O001500 0.0
062 P001500 0.0
062 Q001500 0.0
062 R001500 0.0
063 A001500 0
063 B001500 0.0
066 A001500 Y
066 B001500 N
066 C001500 Y
066 D001500 N
066 E001500 N
066 F001500 N
066 G001500 N
067 001500 N
068 A001500 N
068 B001500 N
069 001500 N
070 A011500 Y
070 A021500 N
070 B011500 Y
070 B021500 N
070 C011500 Y
070 C021500 N
070 D011500 Y
070 D021500 N
070 E011500 Y
070 E021500 N
070 F011500 Y
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 Y
070 H021500 N
070 I011500 Y
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 Y
070 K021500 Y
070 L011500 Y
070 L021500 Y
070 M011500 Y
070 M021500 N
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 N
070 P021500 N
070 Q011500 N
070 Q021500 N
<PAGE> PAGE 61
070 R011500 N
070 R021500 N
071 A001500 16655
071 B001500 13328
071 C001500 18075
071 D001500 149
072 A001500 6
072 B001500 41
072 C001500 30
072 D001500 0
072 E001500 0
072 F001500 91
072 G001500 0
072 H001500 0
072 I001500 21
072 J001500 21
072 K001500 0
072 L001500 0
072 M001500 0
072 N001500 0
072 O001500 0
072 P001500 0
072 Q001500 15
072 R001500 3
072 S001500 0
072 T001500 89
072 U001500 0
072 V001500 0
072 W001500 21
072 X001500 261
072 Y001500 41
072 Z001500 -149
072AA001500 0
072BB001500 726
072CC011500 83
072CC021500 0
072DD011500 0
072DD021500 0
072EE001500 0
073 A011500 0.0000
073 A021500 0.0000
073 B001500 0.0000
073 C001500 0.0000
074 A001500 0
074 B001500 0
074 C001500 2029
074 D001500 0
074 E001500 0
074 F001500 18520
074 G001500 0
074 H001500 0
<PAGE> PAGE 62
074 I001500 0
074 J001500 383
074 K001500 10
074 L001500 14
074 M001500 17
074 N001500 20973
074 O001500 622
074 P001500 0
074 Q001500 0
074 R011500 0
074 R021500 0
074 R031500 0
074 R041500 27
074 S001500 0
074 T001500 20324
074 U011500 804
074 U021500 861
074 V011500 0.00
074 V021500 0.00
074 W001500 0.0000
074 X001500 2850
074 Y001500 0
075 A001500 0
075 B001500 19937
076 001500 0.00
008 A001601 NASL FINANCIAL SERVICES, INC
008 B001601 A
008 C001601 801-833102
008 D011601 BOSTON
008 D021601 MA
008 D031601 02116
008 A001602 FOUNDERS ASSET MANAGEMENT, INC.
008 B001602 S
008 C001602 801-8049
008 D011602 DENVER
008 D021602 CO
008 D031602 80206
015 A001601 STATE STREET BANK AND TRUST COMPANY
015 B001601 C
015 C011601 BOSTON
015 C021601 MA
015 C031601 02109
015 E011601 X
018 001600 Y
019 A001600 N
019 B001600 0
024 001600 N
025 D001601 0
025 D001602 0
025 D001603 0
025 D001604 0
<PAGE> PAGE 63
025 D001605 0
025 D001606 0
025 D001607 0
025 D001608 0
028 A011600 1214
028 A021600 0
028 A031600 0
028 A041600 67
028 B011600 616
028 B021600 0
028 B031600 0
028 B041600 1292
028 C011600 1475
028 C021600 0
028 C031600 0
028 C041600 281
028 D011600 1174
028 D021600 0
028 D031600 0
028 D041600 299
028 E011600 892
028 E021600 0
028 E031600 0
028 E041600 664
028 F011600 885
028 F021600 0
028 F031600 0
028 F041600 312
028 G011600 6256
028 G021600 0
028 G031600 0
028 G041600 2915
028 H001600 1518
045 001600 Y
046 001600 N
047 001600 Y
048 001600 0.000
048 A011600 50000
048 A021600 1.050
048 B011600 150000
048 B021600 1.000
048 C011600 300000
048 C021600 0.900
048 D011600 0
048 D021600 0.000
048 E011600 0
048 E021600 0.000
048 F011600 0
048 F021600 0.000
048 G011600 0
048 G021600 0.000
<PAGE> PAGE 64
048 H011600 0
048 H021600 0.000
048 I011600 0
048 I021600 0.000
048 J011600 0
048 J021600 0.000
048 K011600 500000
048 K021600 0.800
049 001600 N
050 001600 N
051 001600 N
052 001600 N
053 A001600 Y
053 B001600 Y
053 C001600 N
062 A001600 N
062 B001600 0.0
062 C001600 0.0
062 D001600 0.0
062 E001600 0.0
062 F001600 0.0
062 G001600 0.0
062 H001600 0.0
062 I001600 0.0
062 J001600 0.0
062 K001600 0.0
062 L001600 0.0
062 M001600 0.0
062 N001600 0.0
062 O001600 0.0
062 P001600 0.0
062 Q001600 0.0
062 R001600 0.0
063 A001600 0
063 B001600 0.0
066 A001600 Y
066 B001600 N
066 C001600 Y
066 D001600 N
066 E001600 N
066 F001600 N
066 G001600 N
067 001600 N
068 A001600 N
068 B001600 Y
069 001600 N
070 A011600 Y
070 A021600 Y
070 B011600 Y
070 B021600 N
070 C011600 Y
<PAGE> PAGE 65
070 C021600 N
070 D011600 Y
070 D021600 N
070 E011600 Y
070 E021600 N
070 F011600 Y
070 F021600 N
070 G011600 Y
070 G021600 N
070 H011600 Y
070 H021600 N
070 I011600 Y
070 I021600 N
070 J011600 Y
070 J021600 Y
070 K011600 Y
070 K021600 N
070 L011600 Y
070 L021600 Y
070 M011600 Y
070 M021600 Y
070 N011600 Y
070 N021600 N
070 O011600 Y
070 O021600 N
070 P011600 N
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 N
070 R021600 N
071 A001600 5578
071 B001600 3062
071 C001600 12223
071 D001600 51
072 A001600 6
072 B001600 66
072 C001600 46
072 D001600 0
072 E001600 0
072 F001600 78
072 G001600 0
072 H001600 0
072 I001600 13
072 J001600 15
072 K001600 0
072 L001600 0
072 M001600 0
072 N001600 0
072 O001600 0
072 P001600 0
<PAGE> PAGE 66
072 Q001600 11
072 R001600 2
072 S001600 0
072 T001600 66
072 U001600 0
072 V001600 0
072 W001600 19
072 X001600 204
072 Y001600 24
072 Z001600 -68
072AA001600 0
072BB001600 404
072CC011600 700
072CC021600 0
072DD011600 0
072DD021600 0
072EE001600 0
073 A011600 0.0000
073 A021600 0.0000
073 B001600 0.0000
073 C001600 0.0000
074 A001600 12
074 B001600 3398
074 C001600 0
074 D001600 0
074 E001600 562
074 F001600 12247
074 G001600 0
074 H001600 0
074 I001600 58
074 J001600 218
074 K001600 5
074 L001600 73
074 M001600 16
074 N001600 16589
074 O001600 261
074 P001600 0
074 Q001600 0
074 R011600 0
074 R021600 0
074 R031600 0
074 R041600 53
074 S001600 0
074 T001600 16275
074 U011600 488
074 U021600 702
074 V011600 0.00
074 V021600 0.00
074 W001600 0.0000
074 X001600 1901
074 Y001600 0
<PAGE> PAGE 67
075 A001600 0
075 B001600 14905
076 001600 0.00
008 A001701 NASL FINANCIAL SERVICES, INC.
008 B001701 A
008 C001701 801-833102
008 D011701 BOSTON
008 D021701 MA
008 D031701 02116
008 A001702 FOUNDERS ASSET MANAGEMENT, INC.
008 B001702 S
008 C001702 801-8049
008 D011702 DENVER
008 D021702 CO
008 D031702 80206
015 A001701 STATE STREET BANK AND TRUST COMPANY
015 B001701 C
015 C011701 BOSTON
015 C021701 MA
015 C031701 02109
015 E011701 X
018 001700 Y
019 A001700 N
019 B001700 0
024 001700 N
025 D001701 0
025 D001702 0
025 D001703 0
025 D001704 0
025 D001705 0
025 D001706 0
025 D001707 0
025 D001708 0
028 A011700 1607
028 A021700 0
028 A031700 0
028 A041700 214
028 B011700 1630
028 B021700 184
028 B031700 0
028 B041700 1303
028 C011700 995
028 C021700 -14
028 C031700 0
028 C041700 743
028 D011700 809
028 D021700 0
028 D031700 0
028 D041700 515
028 E011700 2154
028 E021700 0
<PAGE> PAGE 68
028 E031700 0
028 E041700 1418
028 F011700 1464
028 F021700 0
028 F031700 0
028 F041700 1490
028 G011700 8659
028 G021700 170
028 G031700 0
028 G041700 5683
028 H001700 1210
045 001700 Y
046 001700 N
047 001700 Y
048 001700 0.000
048 A011700 50000
048 A021700 0.900
048 B011700 150000
048 B021700 0.850
048 C011700 300000
048 C021700 0.825
048 D011700 0
048 D021700 0.000
048 E011700 0
048 E021700 0.000
048 F011700 0
048 F021700 0.000
048 G011700 0
048 G021700 0.000
048 H011700 0
048 H021700 0.000
048 I011700 0
048 I021700 0.000
048 J011700 0
048 J021700 0.000
048 K011700 500000
048 K021700 0.800
049 001700 N
050 001700 N
051 001700 N
052 001700 N
053 A001700 Y
053 B001700 Y
053 C001700 N
062 A001700 N
062 B001700 0.0
062 C001700 0.0
062 D001700 0.0
062 E001700 0.0
062 F001700 0.0
062 G001700 0.0
<PAGE> PAGE 69
062 H001700 0.0
062 I001700 0.0
062 J001700 0.0
062 K001700 0.0
062 L001700 0.0
062 M001700 0.0
062 N001700 0.0
062 O001700 0.0
062 P001700 0.0
062 Q001700 0.0
062 R001700 0.0
063 A001700 0
063 B001700 0.0
066 A001700 Y
066 B001700 N
066 C001700 N
066 D001700 Y
066 E001700 N
066 F001700 N
066 G001700 N
067 001700 N
068 A001700 N
068 B001700 N
069 001700 N
070 A011700 Y
070 A021700 Y
070 B011700 Y
070 B021700 N
070 C011700 Y
070 C021700 N
070 D011700 Y
070 D021700 N
070 E011700 Y
070 E021700 N
070 F011700 Y
070 F021700 N
070 G011700 Y
070 G021700 N
070 H011700 Y
070 H021700 N
070 I011700 Y
070 I021700 N
070 J011700 Y
070 J021700 N
070 K011700 Y
070 K021700 N
070 L011700 Y
070 L021700 Y
070 M011700 Y
070 M021700 Y
070 N011700 Y
<PAGE> PAGE 70
070 N021700 N
070 O011700 Y
070 O021700 N
070 P011700 N
070 P021700 N
070 Q011700 N
070 Q021700 N
070 R011700 N
070 R021700 N
071 A001700 13371
071 B001700 12601
071 C001700 13694
071 D001700 186
072 A001700 6
072 B001700 55
072 C001700 61
072 D001700 0
072 E001700 0
072 F001700 72
072 G001700 0
072 H001700 0
072 I001700 13
072 J001700 17
072 K001700 0
072 L001700 0
072 M001700 0
072 N001700 0
072 O001700 0
072 P001700 0
072 Q001700 12
072 R001700 3
072 S001700 0
072 T001700 72
072 U001700 0
072 V001700 0
072 W001700 19
072 X001700 208
072 Y001700 31
072 Z001700 -61
072AA001700 297
072BB001700 0
072CC011700 795
072CC021700 0
072DD011700 90
072DD021700 97
072EE001700 0
073 A011700 0.0000
073 A021700 0.0000
073 B001700 0.0000
073 C001700 0.0000
074 A001700 161
<PAGE> PAGE 71
074 B001700 3965
074 C001700 0
074 D001700 0
074 E001700 0
074 F001700 13273
074 G001700 0
074 H001700 0
074 I001700 3
074 J001700 73
074 K001700 8
074 L001700 125
074 M001700 18
074 N001700 17626
074 O001700 91
074 P001700 0
074 Q001700 0
074 R011700 0
074 R021700 0
074 R031700 0
074 R041700 24
074 S001700 0
074 T001700 17511
074 U011700 557
074 U021700 644
074 V011700 0.00
074 V021700 0.00
074 W001700 0.0000
074 X001700 1853
074 Y001700 0
075 A001700 0
075 B001700 16232
076 001700 0.00
SIGNATURE RICHARD C. HIRTLE
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 011
<NAME> EQUITY-INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 134245298
<INVESTMENTS-AT-VALUE> 146394296
<RECEIVABLES> 617843
<ASSETS-OTHER> 23078
<OTHER-ITEMS-ASSETS> 20609
<TOTAL-ASSETS> 147055826
<PAYABLE-FOR-SECURITIES> 271119
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 200294
<TOTAL-LIABILITIES> 471413
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 129978334
<SHARES-COMMON-STOCK> 2007370
<SHARES-COMMON-PRIOR> 1638828
<ACCUMULATED-NII-CURRENT> 1041620
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3415537
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12148922
<NET-ASSETS> 146584413
<DIVIDEND-INCOME> 2091048
<INTEREST-INCOME> 372416
<OTHER-INCOME> 0
<EXPENSES-NET> 1351271
<NET-INVESTMENT-INCOME> 1112193
<REALIZED-GAINS-CURRENT> 4187778
<APPREC-INCREASE-CURRENT> 10003986
<NET-CHANGE-FROM-OPS> 15303957
<EQUALIZATION> 203318
<DISTRIBUTIONS-OF-INCOME> 307636
<DISTRIBUTIONS-OF-GAINS> 6143038
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 258521
<NUMBER-OF-SHARES-REDEEMED> 332578
<SHARES-REINVESTED> 442599
<NET-CHANGE-IN-ASSETS> 7201227
<ACCUMULATED-NII-PRIOR> 454658
<ACCUMULATED-GAINS-PRIOR> 28952740
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 524404
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1483580
<AVERAGE-NET-ASSETS> 146879358
<PER-SHARE-NAV-BEGIN> 17.37
<PER-SHARE-NII> 0.20
<PER-SHARE-GAIN-APPREC> 1.54
<PER-SHARE-DIVIDEND> 0.18
<PER-SHARE-DISTRIBUTIONS> 3.67
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.26
<EXPENSE-RATIO> 1.34
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 012
<NAME> EQUITY-INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 134245298
<INVESTMENTS-AT-VALUE> 146394296
<RECEIVABLES> 617843
<ASSETS-OTHER> 23078
<OTHER-ITEMS-ASSETS> 20609
<TOTAL-ASSETS> 147055826
<PAYABLE-FOR-SECURITIES> 271119
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 200294
<TOTAL-LIABILITIES> 471413
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 129978334
<SHARES-COMMON-STOCK> 2019312
<SHARES-COMMON-PRIOR> 1571748
<ACCUMULATED-NII-CURRENT> 1041620
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3415537
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12148922
<NET-ASSETS> 146584413
<DIVIDEND-INCOME> 2091048
<INTEREST-INCOME> 372416
<OTHER-INCOME> 0
<EXPENSES-NET> 1351271
<NET-INVESTMENT-INCOME> 1112193
<REALIZED-GAINS-CURRENT> 4187778
<APPREC-INCREASE-CURRENT> 10003986
<NET-CHANGE-FROM-OPS> 15303957
<EQUALIZATION> 203318
<DISTRIBUTIONS-OF-INCOME> 123016
<DISTRIBUTIONS-OF-GAINS> 5815447
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 270012
<NUMBER-OF-SHARES-REDEEMED> 205051
<SHARES-REINVESTED> 382594
<NET-CHANGE-IN-ASSETS> 7201227
<ACCUMULATED-NII-PRIOR> 454658
<ACCUMULATED-GAINS-PRIOR> 28952740
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 524404
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1483580
<AVERAGE-NET-ASSETS> 146879358
<PER-SHARE-NAV-BEGIN> 17.22
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 1.54
<PER-SHARE-DIVIDEND> 0.08
<PER-SHARE-DISTRIBUTIONS> 3.67
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.14
<EXPENSE-RATIO> 1.99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 013
<NAME> EQUITY-INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 134245298
<INVESTMENTS-AT-VALUE> 146394296
<RECEIVABLES> 617843
<ASSETS-OTHER> 23078
<OTHER-ITEMS-ASSETS> 20609
<TOTAL-ASSETS> 147055826
<PAYABLE-FOR-SECURITIES> 271119
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 200294
<TOTAL-LIABILITIES> 471413
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 129978334
<SHARES-COMMON-STOCK> 5608722
<SHARES-COMMON-PRIOR> 4854997
<ACCUMULATED-NII-CURRENT> 1041620
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3415537
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12148922
<NET-ASSETS> 146584413
<DIVIDEND-INCOME> 2091048
<INTEREST-INCOME> 372416
<OTHER-INCOME> 0
<EXPENSES-NET> 1351271
<NET-INVESTMENT-INCOME> 1112193
<REALIZED-GAINS-CURRENT> 4187778
<APPREC-INCREASE-CURRENT> 10003986
<NET-CHANGE-FROM-OPS> 15303957
<EQUALIZATION> 203318
<DISTRIBUTIONS-OF-INCOME> 297896
<DISTRIBUTIONS-OF-GAINS> 17766497
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 444185
<NUMBER-OF-SHARES-REDEEMED> 909340
<SHARES-REINVESTED> 1218880
<NET-CHANGE-IN-ASSETS> 7201227
<ACCUMULATED-NII-PRIOR> 454658
<ACCUMULATED-GAINS-PRIOR> 28952740
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 524404
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1483580
<AVERAGE-NET-ASSETS> 146879358
<PER-SHARE-NAV-BEGIN> 17.27
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 1.55
<PER-SHARE-DIVIDEND> 0.06
<PER-SHARE-DISTRIBUTIONS> 3.67
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.22
<EXPENSE-RATIO> 1.99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 021
<NAME> U.S. GOVERNMENT SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 128891725
<INVESTMENTS-AT-VALUE> 128537096
<RECEIVABLES> 28883256
<ASSETS-OTHER> 15661
<OTHER-ITEMS-ASSETS> 338
<TOTAL-ASSETS> 157436351
<PAYABLE-FOR-SECURITIES> 66615117
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 640959
<TOTAL-LIABILITIES> 67256076
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 94175957
<SHARES-COMMON-STOCK> 6053817
<SHARES-COMMON-PRIOR> 7425475
<ACCUMULATED-NII-CURRENT> (234978)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3406075)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (354629)
<NET-ASSETS> 90180275
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3840986
<OTHER-INCOME> 0
<EXPENSES-NET> 747231
<NET-INVESTMENT-INCOME> 3093755
<REALIZED-GAINS-CURRENT> (1111094)
<APPREC-INCREASE-CURRENT> (136450)
<NET-CHANGE-FROM-OPS> 1846211
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2008616
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 443804
<NUMBER-OF-SHARES-REDEEMED> 1927613
<SHARES-REINVESTED> 112151
<NET-CHANGE-IN-ASSETS> (22046879)
<ACCUMULATED-NII-PRIOR> (383354)
<ACCUMULATED-GAINS-PRIOR> (2294981)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 304035
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 822597
<AVERAGE-NET-ASSETS> 102185041
<PER-SHARE-NAV-BEGIN> 9.80
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> (0.11)
<PER-SHARE-DIVIDEND> 0.29
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.69
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 022
<NAME> U.S. GOVERNMENT SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 128891725
<INVESTMENTS-AT-VALUE> 128537096
<RECEIVABLES> 28883256
<ASSETS-OTHER> 15661
<OTHER-ITEMS-ASSETS> 338
<TOTAL-ASSETS> 157436351
<PAYABLE-FOR-SECURITIES> 66615117
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 640959
<TOTAL-LIABILITIES> 67256076
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 94175957
<SHARES-COMMON-STOCK> 1784362
<SHARES-COMMON-PRIOR> 1983872
<ACCUMULATED-NII-CURRENT> (234978)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3406075)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (354629)
<NET-ASSETS> 90180275
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3840986
<OTHER-INCOME> 0
<EXPENSES-NET> 747231
<NET-INVESTMENT-INCOME> 3093755
<REALIZED-GAINS-CURRENT> (1111094)
<APPREC-INCREASE-CURRENT> (136450)
<NET-CHANGE-FROM-OPS> 1846211
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 488707
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 211597
<NUMBER-OF-SHARES-REDEEMED> 437444
<SHARES-REINVESTED> 26337
<NET-CHANGE-IN-ASSETS> (22046879)
<ACCUMULATED-NII-PRIOR> (383354)
<ACCUMULATED-GAINS-PRIOR> (2294981)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 304035
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 822597
<AVERAGE-NET-ASSETS> 102185041
<PER-SHARE-NAV-BEGIN> 9.80
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> (0.13)
<PER-SHARE-DIVIDEND> 0.25
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.69
<EXPENSE-RATIO> 1.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 023
<NAME> U.S. GOVERNMENT SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 128891725
<INVESTMENTS-AT-VALUE> 128537096
<RECEIVABLES> 28883256
<ASSETS-OTHER> 15661
<OTHER-ITEMS-ASSETS> 338
<TOTAL-ASSETS> 157436351
<PAYABLE-FOR-SECURITIES> 66615117
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 640959
<TOTAL-LIABILITIES> 67256076
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 94175957
<SHARES-COMMON-STOCK> 1465743
<SHARES-COMMON-PRIOR> 2041634
<ACCUMULATED-NII-CURRENT> (234978)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3406075)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (354629)
<NET-ASSETS> 90180275
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3840986
<OTHER-INCOME> 0
<EXPENSES-NET> 747231
<NET-INVESTMENT-INCOME> 3093755
<REALIZED-GAINS-CURRENT> (1111094)
<APPREC-INCREASE-CURRENT> (136450)
<NET-CHANGE-FROM-OPS> 1846211
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 448056
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 196907
<NUMBER-OF-SHARES-REDEEMED> 806127
<SHARES-REINVESTED> 33329
<NET-CHANGE-IN-ASSETS> (22046879)
<ACCUMULATED-NII-PRIOR> (383354)
<ACCUMULATED-GAINS-PRIOR> (2294981)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 304035
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 822597
<AVERAGE-NET-ASSETS> 102185041
<PER-SHARE-NAV-BEGIN> 9.80
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> (0.11)
<PER-SHARE-DIVIDEND> 0.26
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.69
<EXPENSE-RATIO> 1.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 031
<NAME> MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 24618300
<INVESTMENTS-AT-VALUE> 24618300
<RECEIVABLES> 7958
<ASSETS-OTHER> 17566
<OTHER-ITEMS-ASSETS> 418
<TOTAL-ASSETS> 24644242
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 115224
<TOTAL-LIABILITIES> 115224
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 24529018
<SHARES-COMMON-STOCK> 10537654
<SHARES-COMMON-PRIOR> 8086668
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 24529018
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 558067
<OTHER-INCOME> 0
<EXPENSES-NET> 51661
<NET-INVESTMENT-INCOME> 506406
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 506406
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 405871
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12418317
<NUMBER-OF-SHARES-REDEEMED> 10112102
<SHARES-REINVESTED> 144771
<NET-CHANGE-IN-ASSETS> (1348319)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 20664
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 92288
<AVERAGE-NET-ASSETS> 20835666
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 032
<NAME> MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 24618300
<INVESTMENTS-AT-VALUE> 24618300
<RECEIVABLES> 7958
<ASSETS-OTHER> 17566
<OTHER-ITEMS-ASSETS> 418
<TOTAL-ASSETS> 24644242
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 115224
<TOTAL-LIABILITIES> 115224
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 24529018
<SHARES-COMMON-STOCK> 3643526
<SHARES-COMMON-PRIOR> 3062351
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 24529018
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 558067
<OTHER-INCOME> 0
<EXPENSES-NET> 51661
<NET-INVESTMENT-INCOME> 506406
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 506406
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 77016
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6530217
<NUMBER-OF-SHARES-REDEEMED> 6002168
<SHARES-REINVESTED> 53126
<NET-CHANGE-IN-ASSETS> (1348319)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 20664
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 92288
<AVERAGE-NET-ASSETS> 20835666
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 033
<NAME> MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 24618300
<INVESTMENTS-AT-VALUE> 24618300
<RECEIVABLES> 7958
<ASSETS-OTHER> 17566
<OTHER-ITEMS-ASSETS> 418
<TOTAL-ASSETS> 24644242
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 115224
<TOTAL-LIABILITIES> 115224
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 24529018
<SHARES-COMMON-STOCK> 10347838
<SHARES-COMMON-PRIOR> 9840110
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 24529018
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 558067
<OTHER-INCOME> 0
<EXPENSES-NET> 51661
<NET-INVESTMENT-INCOME> 506406
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 506406
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 228252
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14029083
<NUMBER-OF-SHARES-REDEEMED> 13688961
<SHARES-REINVESTED> 167606
<NET-CHANGE-IN-ASSETS> (1348319)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 20664
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 92288
<AVERAGE-NET-ASSETS> 20835666
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 071
<NAME> GLOBAL EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 103741420
<INVESTMENTS-AT-VALUE> 113707345
<RECEIVABLES> 694118
<ASSETS-OTHER> 18588
<OTHER-ITEMS-ASSETS> 12398155
<TOTAL-ASSETS> 126818206
<PAYABLE-FOR-SECURITIES> 11449797
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 357219
<TOTAL-LIABILITIES> 11807016
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 102985417
<SHARES-COMMON-STOCK> 1915816
<SHARES-COMMON-PRIOR> 1788038
<ACCUMULATED-NII-CURRENT> (409677)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1567765
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10867685
<NET-ASSETS> 115011190
<DIVIDEND-INCOME> 1271662
<INTEREST-INCOME> 13279
<OTHER-INCOME> 0
<EXPENSES-NET> 1317930
<NET-INVESTMENT-INCOME> (32989)
<REALIZED-GAINS-CURRENT> 1744568
<APPREC-INCREASE-CURRENT> 11746481
<NET-CHANGE-FROM-OPS> 13458060
<EQUALIZATION> (29995)
<DISTRIBUTIONS-OF-INCOME> 89790
<DISTRIBUTIONS-OF-GAINS> 2895690
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 157462
<NUMBER-OF-SHARES-REDEEMED> 238104
<SHARES-REINVESTED> 208420
<NET-CHANGE-IN-ASSETS> (1403736)
<ACCUMULATED-NII-PRIOR> (256903)
<ACCUMULATED-GAINS-PRIOR> 12643301
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 527263
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1367494
<AVERAGE-NET-ASSETS> 118140597
<PER-SHARE-NAV-BEGIN> 14.50
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 1.68
<PER-SHARE-DIVIDEND> 0.05
<PER-SHARE-DISTRIBUTIONS> 1.64
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.53
<EXPENSE-RATIO> 1.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 072
<NAME> GLOBAL EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 103741420
<INVESTMENTS-AT-VALUE> 113707345
<RECEIVABLES> 694118
<ASSETS-OTHER> 18588
<OTHER-ITEMS-ASSETS> 12398155
<TOTAL-ASSETS> 126818206
<PAYABLE-FOR-SECURITIES> 11449797
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 357219
<TOTAL-LIABILITIES> 11807016
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 102985417
<SHARES-COMMON-STOCK> 1863791
<SHARES-COMMON-PRIOR> 1786687
<ACCUMULATED-NII-CURRENT> (409677)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1567765
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10867685
<NET-ASSETS> 115011190
<DIVIDEND-INCOME> 1271662
<INTEREST-INCOME> 13279
<OTHER-INCOME> 0
<EXPENSES-NET> 1317930
<NET-INVESTMENT-INCOME> (32989)
<REALIZED-GAINS-CURRENT> 1744568
<APPREC-INCREASE-CURRENT> 11746481
<NET-CHANGE-FROM-OPS> 13458060
<EQUALIZATION> (29995)
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 2872442
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 161825
<NUMBER-OF-SHARES-REDEEMED> 278516
<SHARES-REINVESTED> 193795
<NET-CHANGE-IN-ASSETS> (1403736)
<ACCUMULATED-NII-PRIOR> (256903)
<ACCUMULATED-GAINS-PRIOR> 12643301
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 527263
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1367494
<AVERAGE-NET-ASSETS> 118140597
<PER-SHARE-NAV-BEGIN> 14.36
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 1.67
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 1.64
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.38
<EXPENSE-RATIO> 2.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 073
<NAME> GLOBAL EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 103741420
<INVESTMENTS-AT-VALUE> 113707345
<RECEIVABLES> 694118
<ASSETS-OTHER> 18588
<OTHER-ITEMS-ASSETS> 12398155
<TOTAL-ASSETS> 126818206
<PAYABLE-FOR-SECURITIES> 11449797
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 357219
<TOTAL-LIABILITIES> 11807016
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 102985417
<SHARES-COMMON-STOCK> 4185965
<SHARES-COMMON-PRIOR> 4500203
<ACCUMULATED-NII-CURRENT> (409677)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1567765
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10867685
<NET-ASSETS> 115011190
<DIVIDEND-INCOME> 1271662
<INTEREST-INCOME> 13279
<OTHER-INCOME> 0
<EXPENSES-NET> 1317930
<NET-INVESTMENT-INCOME> (32989)
<REALIZED-GAINS-CURRENT> 1744568
<APPREC-INCREASE-CURRENT> 11746481
<NET-CHANGE-FROM-OPS> 13458060
<EQUALIZATION> (29995)
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 7051972
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 237103
<NUMBER-OF-SHARES-REDEEMED> 1020607
<SHARES-REINVESTED> 469266
<NET-CHANGE-IN-ASSETS> (1403736)
<ACCUMULATED-NII-PRIOR> (256903)
<ACCUMULATED-GAINS-PRIOR> 12643301
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 527263
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1367494
<AVERAGE-NET-ASSETS> 118140597
<PER-SHARE-NAV-BEGIN> 14.41
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 1.66
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 1.64
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.42
<EXPENSE-RATIO> 2.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 081
<NAME> INVESTMENT QUALITY BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 19308290
<INVESTMENTS-AT-VALUE> 19094058
<RECEIVABLES> 517337
<ASSETS-OTHER> 14094
<OTHER-ITEMS-ASSETS> 868
<TOTAL-ASSETS> 19626357
<PAYABLE-FOR-SECURITIES> 792128
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 145839
<TOTAL-LIABILITIES> 937967
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19423979
<SHARES-COMMON-STOCK> 746527
<SHARES-COMMON-PRIOR> 875794
<ACCUMULATED-NII-CURRENT> 19271
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (540628)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (214232)
<NET-ASSETS> 18688390
<DIVIDEND-INCOME> 194
<INTEREST-INCOME> 784341
<OTHER-INCOME> 0
<EXPENSES-NET> 163719
<NET-INVESTMENT-INCOME> 620816
<REALIZED-GAINS-CURRENT> 19976
<APPREC-INCREASE-CURRENT> (373300)
<NET-CHANGE-FROM-OPS> 267492
<EQUALIZATION> (880)
<DISTRIBUTIONS-OF-INCOME> 269381
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 35343
<NUMBER-OF-SHARES-REDEEMED> 182529
<SHARES-REINVESTED> 17919
<NET-CHANGE-IN-ASSETS> (2588364)
<ACCUMULATED-NII-PRIOR> 24735
<ACCUMULATED-GAINS-PRIOR> (560604)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 59931
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 193514
<AVERAGE-NET-ASSETS> 20142638
<PER-SHARE-NAV-BEGIN> 10.34
<PER-SHARE-NII> 0.34
<PER-SHARE-GAIN-APPREC> (0.18)
<PER-SHARE-DIVIDEND> 0.34
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.16
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 082
<NAME> INVESTMENT QUALITY BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 19308290
<INVESTMENTS-AT-VALUE> 19094058
<RECEIVABLES> 517337
<ASSETS-OTHER> 14094
<OTHER-ITEMS-ASSETS> 868
<TOTAL-ASSETS> 19626357
<PAYABLE-FOR-SECURITIES> 792128
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 145839
<TOTAL-LIABILITIES> 937967
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19423979
<SHARES-COMMON-STOCK> 438275
<SHARES-COMMON-PRIOR> 452815
<ACCUMULATED-NII-CURRENT> 19271
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (540628)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (214232)
<NET-ASSETS> 18688390
<DIVIDEND-INCOME> 194
<INTEREST-INCOME> 784341
<OTHER-INCOME> 0
<EXPENSES-NET> 163719
<NET-INVESTMENT-INCOME> 620816
<REALIZED-GAINS-CURRENT> 19976
<APPREC-INCREASE-CURRENT> (373300)
<NET-CHANGE-FROM-OPS> 267492
<EQUALIZATION> (880)
<DISTRIBUTIONS-OF-INCOME> 139208
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 58001
<NUMBER-OF-SHARES-REDEEMED> 82275
<SHARES-REINVESTED> 9734
<NET-CHANGE-IN-ASSETS> (2588364)
<ACCUMULATED-NII-PRIOR> 24735
<ACCUMULATED-GAINS-PRIOR> (560604)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 59931
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 193514
<AVERAGE-NET-ASSETS> 20142638
<PER-SHARE-NAV-BEGIN> 10.33
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> (0.18)
<PER-SHARE-DIVIDEND> 0.30
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.15
<EXPENSE-RATIO> 1.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 083
<NAME> INVESTMENT QUALITY BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 19308290
<INVESTMENTS-AT-VALUE> 19094058
<RECEIVABLES> 517337
<ASSETS-OTHER> 14094
<OTHER-ITEMS-ASSETS> 868
<TOTAL-ASSETS> 19626357
<PAYABLE-FOR-SECURITIES> 792128
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 145839
<TOTAL-LIABILITIES> 937967
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19423979
<SHARES-COMMON-STOCK> 655940
<SHARES-COMMON-PRIOR> 730094
<ACCUMULATED-NII-CURRENT> 19271
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (540628)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (214232)
<NET-ASSETS> 18688390
<DIVIDEND-INCOME> 194
<INTEREST-INCOME> 784341
<OTHER-INCOME> 0
<EXPENSES-NET> 163719
<NET-INVESTMENT-INCOME> 620816
<REALIZED-GAINS-CURRENT> 19976
<APPREC-INCREASE-CURRENT> (373300)
<NET-CHANGE-FROM-OPS> 267492
<EQUALIZATION> (880)
<DISTRIBUTIONS-OF-INCOME> 216811
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 50625
<NUMBER-OF-SHARES-REDEEMED> 140980
<SHARES-REINVESTED> 9734
<NET-CHANGE-IN-ASSETS> (2588364)
<ACCUMULATED-NII-PRIOR> 24735
<ACCUMULATED-GAINS-PRIOR> (560604)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 59931
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 193514
<AVERAGE-NET-ASSETS> 20142638
<PER-SHARE-NAV-BEGIN> 10.33
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> (0.18)
<PER-SHARE-DIVIDEND> 0.30
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.15
<EXPENSE-RATIO> 1.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 091
<NAME> GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 112347890
<INVESTMENTS-AT-VALUE> 150843504
<RECEIVABLES> 408704
<ASSETS-OTHER> 23524
<OTHER-ITEMS-ASSETS> 1695
<TOTAL-ASSETS> 151277427
<PAYABLE-FOR-SECURITIES> 647825
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 310018
<TOTAL-LIABILITIES> 957843
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 105897674
<SHARES-COMMON-STOCK> 1194771
<SHARES-COMMON-PRIOR> 1040832
<ACCUMULATED-NII-CURRENT> 231301
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5695295
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38495314
<NET-ASSETS> 150319584
<DIVIDEND-INCOME> 1448863
<INTEREST-INCOME> 72396
<OTHER-INCOME> 0
<EXPENSES-NET> 1332435
<NET-INVESTMENT-INCOME> 188824
<REALIZED-GAINS-CURRENT> 5701211
<APPREC-INCREASE-CURRENT> 12143483
<NET-CHANGE-FROM-OPS> 18033518
<EQUALIZATION> 10550
<DISTRIBUTIONS-OF-INCOME> 89347
<DISTRIBUTIONS-OF-GAINS> 1114556
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 309257
<NUMBER-OF-SHARES-REDEEMED> 219333
<SHARES-REINVESTED> 64015
<NET-CHANGE-IN-ASSETS> 22482815
<ACCUMULATED-NII-PRIOR> 270481
<ACCUMULATED-GAINS-PRIOR> 7687354
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 487279
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1418051
<AVERAGE-NET-ASSETS> 141871701
<PER-SHARE-NAV-BEGIN> 17.56
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> 2.32
<PER-SHARE-DIVIDEND> 0.08
<PER-SHARE-DISTRIBUTIONS> 1.04
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.84
<EXPENSE-RATIO> 1.34
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 092
<NAME> GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 112347890
<INVESTMENTS-AT-VALUE> 150843504
<RECEIVABLES> 408704
<ASSETS-OTHER> 23524
<OTHER-ITEMS-ASSETS> 1695
<TOTAL-ASSETS> 151277427
<PAYABLE-FOR-SECURITIES> 647825
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 310018
<TOTAL-LIABILITIES> 957843
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 105897674
<SHARES-COMMON-STOCK> 2315341
<SHARES-COMMON-PRIOR> 1985111
<ACCUMULATED-NII-CURRENT> 231301
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5695295
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38495314
<NET-ASSETS> 150319584
<DIVIDEND-INCOME> 1448863
<INTEREST-INCOME> 72396
<OTHER-INCOME> 0
<EXPENSES-NET> 1332435
<NET-INVESTMENT-INCOME> 188824
<REALIZED-GAINS-CURRENT> 5701211
<APPREC-INCREASE-CURRENT> 12143483
<NET-CHANGE-FROM-OPS> 18033518
<EQUALIZATION> 10550
<DISTRIBUTIONS-OF-INCOME> 53469
<DISTRIBUTIONS-OF-GAINS> 2130500
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 389714
<NUMBER-OF-SHARES-REDEEMED> 174340
<SHARES-REINVESTED> 114856
<NET-CHANGE-IN-ASSETS> 22482815
<ACCUMULATED-NII-PRIOR> 270481
<ACCUMULATED-GAINS-PRIOR> 7687354
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 487279
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1418051
<AVERAGE-NET-ASSETS> 141871701
<PER-SHARE-NAV-BEGIN> 17.50
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 2.31
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 1.04
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.77
<EXPENSE-RATIO> 1.99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 093
<NAME> GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 112347890
<INVESTMENTS-AT-VALUE> 150843504
<RECEIVABLES> 408704
<ASSETS-OTHER> 23524
<OTHER-ITEMS-ASSETS> 1695
<TOTAL-ASSETS> 151277427
<PAYABLE-FOR-SECURITIES> 647825
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 310018
<TOTAL-LIABILITIES> 957843
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 105897674
<SHARES-COMMON-STOCK> 4475855
<SHARES-COMMON-PRIOR> 4261109
<ACCUMULATED-NII-CURRENT> 231301
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5695295
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38495314
<NET-ASSETS> 150319584
<DIVIDEND-INCOME> 1448863
<INTEREST-INCOME> 72396
<OTHER-INCOME> 0
<EXPENSES-NET> 1332435
<NET-INVESTMENT-INCOME> 188824
<REALIZED-GAINS-CURRENT> 5701211
<APPREC-INCREASE-CURRENT> 12143483
<NET-CHANGE-FROM-OPS> 18033518
<EQUALIZATION> 10550
<DISTRIBUTIONS-OF-INCOME> 95738
<DISTRIBUTIONS-OF-GAINS> 4448214
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 445404
<NUMBER-OF-SHARES-REDEEMED> 474959
<SHARES-REINVESTED> 114856
<NET-CHANGE-IN-ASSETS> 22482815
<ACCUMULATED-NII-PRIOR> 270481
<ACCUMULATED-GAINS-PRIOR> 7687354
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 487279
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1418051
<AVERAGE-NET-ASSETS> 141871701
<PER-SHARE-NAV-BEGIN> 17.56
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 2.32
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 1.04
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.84
<EXPENSE-RATIO> 1.99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 101
<NAME> BALANCED FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 95307128
<INVESTMENTS-AT-VALUE> 97239137
<RECEIVABLES> 607190
<ASSETS-OTHER> 17712
<OTHER-ITEMS-ASSETS> 106989
<TOTAL-ASSETS> 97971028
<PAYABLE-FOR-SECURITIES> 1164337
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 243689
<TOTAL-LIABILITIES> 1408026
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 83602813
<SHARES-COMMON-STOCK> 1052464
<SHARES-COMMON-PRIOR> 881735
<ACCUMULATED-NII-CURRENT> 931071
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 10098957
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1930161
<NET-ASSETS> 96563002
<DIVIDEND-INCOME> 725280
<INTEREST-INCOME> 1395649
<OTHER-INCOME> 0
<EXPENSES-NET> 941871
<NET-INVESTMENT-INCOME> 1179058
<REALIZED-GAINS-CURRENT> 10105053
<APPREC-INCREASE-CURRENT> (5645347)
<NET-CHANGE-FROM-OPS> 5638764
<EQUALIZATION> 251413
<DISTRIBUTIONS-OF-INCOME> 392396
<DISTRIBUTIONS-OF-GAINS> 1015169
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 137455
<NUMBER-OF-SHARES-REDEEMED> 92247
<SHARES-REINVESTED> 125521
<NET-CHANGE-IN-ASSETS> (3350467)
<ACCUMULATED-NII-PRIOR> 2461605
<ACCUMULATED-GAINS-PRIOR> 9227246
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 360186
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1036708
<AVERAGE-NET-ASSETS> 99076314
<PER-SHARE-NAV-BEGIN> 12.33
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> 0.48
<PER-SHARE-DIVIDEND> 0.45
<PER-SHARE-DISTRIBUTIONS> 1.16
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.42
<EXPENSE-RATIO> 1.34
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 102
<NAME> BALANCED FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 95307128
<INVESTMENTS-AT-VALUE> 97239137
<RECEIVABLES> 607190
<ASSETS-OTHER> 17712
<OTHER-ITEMS-ASSETS> 106989
<TOTAL-ASSETS> 97971028
<PAYABLE-FOR-SECURITIES> 1164337
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 243689
<TOTAL-LIABILITIES> 1408026
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 83602813
<SHARES-COMMON-STOCK> 1453405
<SHARES-COMMON-PRIOR> 1322501
<ACCUMULATED-NII-CURRENT> 931071
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 10098957
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1930161
<NET-ASSETS> 96563002
<DIVIDEND-INCOME> 725280
<INTEREST-INCOME> 1395649
<OTHER-INCOME> 0
<EXPENSES-NET> 941871
<NET-INVESTMENT-INCOME> 1179058
<REALIZED-GAINS-CURRENT> 10105053
<APPREC-INCREASE-CURRENT> (5645347)
<NET-CHANGE-FROM-OPS> 5638764
<EQUALIZATION> 251413
<DISTRIBUTIONS-OF-INCOME> 509836
<DISTRIBUTIONS-OF-GAINS> 1534515
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 191883
<NUMBER-OF-SHARES-REDEEMED> 221841
<SHARES-REINVESTED> 160862
<NET-CHANGE-IN-ASSETS> (3350467)
<ACCUMULATED-NII-PRIOR> 2461605
<ACCUMULATED-GAINS-PRIOR> 9227246
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 360186
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1036708
<AVERAGE-NET-ASSETS> 99076314
<PER-SHARE-NAV-BEGIN> 12.26
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 0.48
<PER-SHARE-DIVIDEND> 0.39
<PER-SHARE-DISTRIBUTIONS> 1.16
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.37
<EXPENSE-RATIO> 1.99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 103
<NAME> BALANCED FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 95307128
<INVESTMENTS-AT-VALUE> 97239137
<RECEIVABLES> 607190
<ASSETS-OTHER> 17712
<OTHER-ITEMS-ASSETS> 106989
<TOTAL-ASSETS> 97971028
<PAYABLE-FOR-SECURITIES> 1164337
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 243689
<TOTAL-LIABILITIES> 1408026
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 83602813
<SHARES-COMMON-STOCK> 5920042
<SHARES-COMMON-PRIOR> 5896688
<ACCUMULATED-NII-CURRENT> 931071
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 10098957
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1930161
<NET-ASSETS> 96563002
<DIVIDEND-INCOME> 725280
<INTEREST-INCOME> 1395649
<OTHER-INCOME> 0
<EXPENSES-NET> 941871
<NET-INVESTMENT-INCOME> 1179058
<REALIZED-GAINS-CURRENT> 10105053
<APPREC-INCREASE-CURRENT> (5645347)
<NET-CHANGE-FROM-OPS> 5638764
<EQUALIZATION> 251413
<DISTRIBUTIONS-OF-INCOME> 2058773
<DISTRIBUTIONS-OF-GAINS> 6683658
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 233719
<NUMBER-OF-SHARES-REDEEMED> 947588
<SHARES-REINVESTED> 737223
<NET-CHANGE-IN-ASSETS> (3350467)
<ACCUMULATED-NII-PRIOR> 2461605
<ACCUMULATED-GAINS-PRIOR> 9227246
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 360186
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1036708
<AVERAGE-NET-ASSETS> 99076314
<PER-SHARE-NAV-BEGIN> 12.35
<PER-SHARE-NII> 0.18
<PER-SHARE-GAIN-APPREC> 0.48
<PER-SHARE-DIVIDEND> 0.36
<PER-SHARE-DISTRIBUTIONS> 1.16
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.49
<EXPENSE-RATIO> 1.99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 111
<NAME> NATIONAL MUNICIPAL BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 17892963
<INVESTMENTS-AT-VALUE> 18272616
<RECEIVABLES> 306622
<ASSETS-OTHER> 8042
<OTHER-ITEMS-ASSETS> 78790
<TOTAL-ASSETS> 18666070
<PAYABLE-FOR-SECURITIES> 540874
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 97870
<TOTAL-LIABILITIES> 638744
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17968074
<SHARES-COMMON-STOCK> 677329
<SHARES-COMMON-PRIOR> 792318
<ACCUMULATED-NII-CURRENT> (474)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (319927)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 379653
<NET-ASSETS> 18027326
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 544249
<OTHER-INCOME> 0
<EXPENSES-NET> 139213
<NET-INVESTMENT-INCOME> 405036
<REALIZED-GAINS-CURRENT> 105313
<APPREC-INCREASE-CURRENT> (152383)
<NET-CHANGE-FROM-OPS> 357966
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 167840
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17469
<NUMBER-OF-SHARES-REDEEMED> 140141
<SHARES-REINVESTED> 7683
<NET-CHANGE-IN-ASSETS> (1506127)
<ACCUMULATED-NII-PRIOR> (569)
<ACCUMULATED-GAINS-PRIOR> (425240)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 54759
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 162568
<AVERAGE-NET-ASSETS> 18404126
<PER-SHARE-NAV-BEGIN> 9.73
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> (0.03)
<PER-SHARE-DIVIDEND> 0.24
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.70
<EXPENSE-RATIO> 0.99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 112
<NAME> NATIONAL MUNICIPAL BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 17892963
<INVESTMENTS-AT-VALUE> 18272616
<RECEIVABLES> 306622
<ASSETS-OTHER> 8042
<OTHER-ITEMS-ASSETS> 78790
<TOTAL-ASSETS> 18666070
<PAYABLE-FOR-SECURITIES> 540874
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 97870
<TOTAL-LIABILITIES> 638744
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17968074
<SHARES-COMMON-STOCK> 649469
<SHARES-COMMON-PRIOR> 629916
<ACCUMULATED-NII-CURRENT> (474)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (319927)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 379653
<NET-ASSETS> 18027326
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 544249
<OTHER-INCOME> 0
<EXPENSES-NET> 139213
<NET-INVESTMENT-INCOME> 405036
<REALIZED-GAINS-CURRENT> 105313
<APPREC-INCREASE-CURRENT> (152383)
<NET-CHANGE-FROM-OPS> 357966
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 125487
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 88304
<NUMBER-OF-SHARES-REDEEMED> 76299
<SHARES-REINVESTED> 7548
<NET-CHANGE-IN-ASSETS> (1506127)
<ACCUMULATED-NII-PRIOR> (569)
<ACCUMULATED-GAINS-PRIOR> (425240)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 54759
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 162568
<AVERAGE-NET-ASSETS> 18404126
<PER-SHARE-NAV-BEGIN> 9.73
<PER-SHARE-NII> 0.20
<PER-SHARE-GAIN-APPREC> (0.02)
<PER-SHARE-DIVIDEND> 0.20
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.71
<EXPENSE-RATIO> 1.84
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 113
<NAME> NATIONAL MUNICIPAL BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 17892963
<INVESTMENTS-AT-VALUE> 18272616
<RECEIVABLES> 306622
<ASSETS-OTHER> 8042
<OTHER-ITEMS-ASSETS> 78790
<TOTAL-ASSETS> 18666070
<PAYABLE-FOR-SECURITIES> 540874
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 97870
<TOTAL-LIABILITIES> 638744
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17968074
<SHARES-COMMON-STOCK> 530673
<SHARES-COMMON-PRIOR> 585040
<ACCUMULATED-NII-CURRENT> (474)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (319927)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 379653
<NET-ASSETS> 18027326
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 544249
<OTHER-INCOME> 0
<EXPENSES-NET> 139213
<NET-INVESTMENT-INCOME> 405036
<REALIZED-GAINS-CURRENT> 105313
<APPREC-INCREASE-CURRENT> (152383)
<NET-CHANGE-FROM-OPS> 357966
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 111614
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19375
<NUMBER-OF-SHARES-REDEEMED> 81146
<SHARES-REINVESTED> 7404
<NET-CHANGE-IN-ASSETS> (1506127)
<ACCUMULATED-NII-PRIOR> (569)
<ACCUMULATED-GAINS-PRIOR> (425240)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 54759
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 162568
<AVERAGE-NET-ASSETS> 18404126
<PER-SHARE-NAV-BEGIN> 9.73
<PER-SHARE-NII> 0.20
<PER-SHARE-GAIN-APPREC> (0.02)
<PER-SHARE-DIVIDEND> 0.20
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.71
<EXPENSE-RATIO> 1.84
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 131
<NAME> STRATEGIC INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 82836428
<INVESTMENTS-AT-VALUE> 84662645
<RECEIVABLES> 3054316
<ASSETS-OTHER> 18053
<OTHER-ITEMS-ASSETS> 4016992
<TOTAL-ASSETS> 91752006
<PAYABLE-FOR-SECURITIES> 15172604
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 591202
<TOTAL-LIABILITIES> 15763806
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 74945690
<SHARES-COMMON-STOCK> 1673492
<SHARES-COMMON-PRIOR> 1364948
<ACCUMULATED-NII-CURRENT> 72326
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (884237)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1854421
<NET-ASSETS> 75988200
<DIVIDEND-INCOME> 2434
<INTEREST-INCOME> 3290683
<OTHER-INCOME> 0
<EXPENSES-NET> 718921
<NET-INVESTMENT-INCOME> 2574196
<REALIZED-GAINS-CURRENT> 854122
<APPREC-INCREASE-CURRENT> 799046
<NET-CHANGE-FROM-OPS> 2519120
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 698308
<DISTRIBUTIONS-OF-GAINS> 272850
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 528559
<NUMBER-OF-SHARES-REDEEMED> 279000
<SHARES-REINVESTED> 58985
<NET-CHANGE-IN-ASSETS> 8932727
<ACCUMULATED-NII-PRIOR> 708280
<ACCUMULATED-GAINS-PRIOR> 1284537
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 262527
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 733624
<AVERAGE-NET-ASSETS> 72057922
<PER-SHARE-NAV-BEGIN> 9.8
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> 0.46
<PER-SHARE-DISTRIBUTIONS> 0.18
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.53
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 132
<NAME> STRATEGIC INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 82836428
<INVESTMENTS-AT-VALUE> 84662645
<RECEIVABLES> 3054316
<ASSETS-OTHER> 18053
<OTHER-ITEMS-ASSETS> 4016992
<TOTAL-ASSETS> 91752006
<PAYABLE-FOR-SECURITIES> 15172604
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 591202
<TOTAL-LIABILITIES> 15763806
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 74945690
<SHARES-COMMON-STOCK> 3420365
<SHARES-COMMON-PRIOR> 3151002
<ACCUMULATED-NII-CURRENT> 72326
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (884237)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1854421
<NET-ASSETS> 75988200
<DIVIDEND-INCOME> 2434
<INTEREST-INCOME> 3290683
<OTHER-INCOME> 0
<EXPENSES-NET> 718921
<NET-INVESTMENT-INCOME> 2574196
<REALIZED-GAINS-CURRENT> 854122
<APPREC-INCREASE-CURRENT> 799046
<NET-CHANGE-FROM-OPS> 2519120
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1415124
<DISTRIBUTIONS-OF-GAINS> 599725
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 469422
<NUMBER-OF-SHARES-REDEEMED> 302096
<SHARES-REINVESTED> 102037
<NET-CHANGE-IN-ASSETS> 8932727
<ACCUMULATED-NII-PRIOR> 708280
<ACCUMULATED-GAINS-PRIOR> 1284537
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 262527
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 733624
<AVERAGE-NET-ASSETS> 72057922
<PER-SHARE-NAV-BEGIN> 9.80
<PER-SHARE-NII> 0.33
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> 0.43
<PER-SHARE-DISTRIBUTIONS> 0.18
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.53
<EXPENSE-RATIO> 2.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 133
<NAME> STRATEGIC INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 82836428
<INVESTMENTS-AT-VALUE> 84662645
<RECEIVABLES> 3054316
<ASSETS-OTHER> 18053
<OTHER-ITEMS-ASSETS> 4016992
<TOTAL-ASSETS> 91752006
<PAYABLE-FOR-SECURITIES> 15172604
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 591202
<TOTAL-LIABILITIES> 15763806
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 74945690
<SHARES-COMMON-STOCK> 2877074
<SHARES-COMMON-PRIOR> 2324147
<ACCUMULATED-NII-CURRENT> 72326
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (884237)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1854421
<NET-ASSETS> 75988200
<DIVIDEND-INCOME> 2434
<INTEREST-INCOME> 3290683
<OTHER-INCOME> 0
<EXPENSES-NET> 718921
<NET-INVESTMENT-INCOME> 2574196
<REALIZED-GAINS-CURRENT> 854122
<APPREC-INCREASE-CURRENT> 799046
<NET-CHANGE-FROM-OPS> 2519120
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1096718
<DISTRIBUTIONS-OF-GAINS> 442077
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 794676
<NUMBER-OF-SHARES-REDEEMED> 354235
<SHARES-REINVESTED> 112486
<NET-CHANGE-IN-ASSETS> 8932727
<ACCUMULATED-NII-PRIOR> 708280
<ACCUMULATED-GAINS-PRIOR> 1284537
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 262527
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 733624
<AVERAGE-NET-ASSETS> 72057922
<PER-SHARE-NAV-BEGIN> 9.80
<PER-SHARE-NII> 0.33
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> 0.43
<PER-SHARE-DISTRIBUTIONS> 0.18
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.53
<EXPENSE-RATIO> 2.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 141
<NAME> INTERNATIONAL GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 28320962
<INVESTMENTS-AT-VALUE> 28282499
<RECEIVABLES> 424145
<ASSETS-OTHER> 16916
<OTHER-ITEMS-ASSETS> 15753474
<TOTAL-ASSETS> 44477034
<PAYABLE-FOR-SECURITIES> 13973838
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 53931
<TOTAL-LIABILITIES> 14027769
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28914166
<SHARES-COMMON-STOCK> 478452
<SHARES-COMMON-PRIOR> 416908
<ACCUMULATED-NII-CURRENT> (64947)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1469181
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 130865
<NET-ASSETS> 30449265
<DIVIDEND-INCOME> 226900
<INTEREST-INCOME> 138440
<OTHER-INCOME> 0
<EXPENSES-NET> 344052
<NET-INVESTMENT-INCOME> 21288
<REALIZED-GAINS-CURRENT> 1513483
<APPREC-INCREASE-CURRENT> (581030)
<NET-CHANGE-FROM-OPS> 953741
<EQUALIZATION> 20683
<DISTRIBUTIONS-OF-INCOME> 83820
<DISTRIBUTIONS-OF-GAINS> 332915
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 98521
<NUMBER-OF-SHARES-REDEEMED> 72093
<SHARES-REINVESTED> 35116
<NET-CHANGE-IN-ASSETS> 1424111
<ACCUMULATED-NII-PRIOR> 263235
<ACCUMULATED-GAINS-PRIOR> 1939578
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 134874
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 356662
<AVERAGE-NET-ASSETS> 30220360
<PER-SHARE-NAV-BEGIN> 11.35
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 0.37
<PER-SHARE-DIVIDEND> 0.19
<PER-SHARE-DISTRIBUTIONS> 0.76
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.81
<EXPENSE-RATIO> 1.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 142
<NAME> INTERNATIONAL GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 28320962
<INVESTMENTS-AT-VALUE> 28282499
<RECEIVABLES> 424145
<ASSETS-OTHER> 16916
<OTHER-ITEMS-ASSETS> 15753474
<TOTAL-ASSETS> 44477034
<PAYABLE-FOR-SECURITIES> 13973838
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 53931
<TOTAL-LIABILITIES> 14027769
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28914166
<SHARES-COMMON-STOCK> 1505867
<SHARES-COMMON-PRIOR> 1346082
<ACCUMULATED-NII-CURRENT> (64947)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1469181
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 130865
<NET-ASSETS> 30449265
<DIVIDEND-INCOME> 226900
<INTEREST-INCOME> 138440
<OTHER-INCOME> 0
<EXPENSES-NET> 344052
<NET-INVESTMENT-INCOME> 21288
<REALIZED-GAINS-CURRENT> 1513483
<APPREC-INCREASE-CURRENT> (581030)
<NET-CHANGE-FROM-OPS> 953741
<EQUALIZATION> 20683
<DISTRIBUTIONS-OF-INCOME> 180637
<DISTRIBUTIONS-OF-GAINS> 1034399
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 193050
<NUMBER-OF-SHARES-REDEEMED> 131820
<SHARES-REINVESTED> 98555
<NET-CHANGE-IN-ASSETS> 1424111
<ACCUMULATED-NII-PRIOR> 263235
<ACCUMULATED-GAINS-PRIOR> 1939578
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 134874
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 356662
<AVERAGE-NET-ASSETS> 30220360
<PER-SHARE-NAV-BEGIN> 11.30
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0.38
<PER-SHARE-DIVIDEND> 0.13
<PER-SHARE-DISTRIBUTIONS> 0.76
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.79
<EXPENSE-RATIO> 2.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 143
<NAME> INTERNATIONAL GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 28320962
<INVESTMENTS-AT-VALUE> 28282499
<RECEIVABLES> 424145
<ASSETS-OTHER> 16916
<OTHER-ITEMS-ASSETS> 15753474
<TOTAL-ASSETS> 44477034
<PAYABLE-FOR-SECURITIES> 13973838
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 53931
<TOTAL-LIABILITIES> 14027769
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28914166
<SHARES-COMMON-STOCK> 837229
<SHARES-COMMON-PRIOR> 802784
<ACCUMULATED-NII-CURRENT> (64947)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1469181
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 130865
<NET-ASSETS> 30449265
<DIVIDEND-INCOME> 226900
<INTEREST-INCOME> 138440
<OTHER-INCOME> 0
<EXPENSES-NET> 344052
<NET-INVESTMENT-INCOME> 21288
<REALIZED-GAINS-CURRENT> 1513483
<APPREC-INCREASE-CURRENT> (581030)
<NET-CHANGE-FROM-OPS> 953741
<EQUALIZATION> 20683
<DISTRIBUTIONS-OF-INCOME> 105696
<DISTRIBUTIONS-OF-GAINS> 616566
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 120074
<NUMBER-OF-SHARES-REDEEMED> 146694
<SHARES-REINVESTED> 61065
<NET-CHANGE-IN-ASSETS> 1424111
<ACCUMULATED-NII-PRIOR> 263235
<ACCUMULATED-GAINS-PRIOR> 1939578
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 134874
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 356662
<AVERAGE-NET-ASSETS> 30220360
<PER-SHARE-NAV-BEGIN> 11.31
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0.37
<PER-SHARE-DIVIDEND> 0.13
<PER-SHARE-DISTRIBUTIONS> 0.76
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.79
<EXPENSE-RATIO> 2.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SHCEDLUE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 151
<NAME> SMALL/MID CAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 19868909
<INVESTMENTS-AT-VALUE> 20548532
<RECEIVABLES> 407373
<ASSETS-OTHER> 16587
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20972492
<PAYABLE-FOR-SECURITIES> 622068
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 26625
<TOTAL-LIABILITIES> 648693
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 21291503
<SHARES-COMMON-STOCK> 243191
<SHARES-COMMON-PRIOR> 234954
<ACCUMULATED-NII-CURRENT> (149272)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1498055)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 679623
<NET-ASSETS> 20323799
<DIVIDEND-INCOME> 30187
<INTEREST-INCOME> 40495
<OTHER-INCOME> 0
<EXPENSES-NET> 219954
<NET-INVESTMENT-INCOME> (149272)
<REALIZED-GAINS-CURRENT> (726448)
<APPREC-INCREASE-CURRENT> 83461
<NET-CHANGE-FROM-OPS> (792259)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 102932
<NUMBER-OF-SHARES-REDEEMED> 94695
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2457714
<ACCUMULATED-NII-PRIOR> 4522
<ACCUMULATED-GAINS-PRIOR> (58234)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 91453
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 261190
<AVERAGE-NET-ASSETS> 19937481
<PER-SHARE-NAV-BEGIN> 12.62
<PER-SHARE-NII> (0.06)
<PER-SHARE-GAIN-APPREC> (0.27)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.29
<EXPENSE-RATIO> 1.675
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SHCEDLUE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 152
<NAME> SMALL/MID CAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 19868909
<INVESTMENTS-AT-VALUE> 20548532
<RECEIVABLES> 407373
<ASSETS-OTHER> 16587
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20972492
<PAYABLE-FOR-SECURITIES> 622068
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 26625
<TOTAL-LIABILITIES> 648693
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 21291503
<SHARES-COMMON-STOCK> 617676
<SHARES-COMMON-PRIOR> 529111
<ACCUMULATED-NII-CURRENT> (149272)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1498055)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 679623
<NET-ASSETS> 20323799
<DIVIDEND-INCOME> 30187
<INTEREST-INCOME> 40495
<OTHER-INCOME> 0
<EXPENSES-NET> 219954
<NET-INVESTMENT-INCOME> (149272)
<REALIZED-GAINS-CURRENT> (726448)
<APPREC-INCREASE-CURRENT> 83461
<NET-CHANGE-FROM-OPS> (792259)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 168896
<NUMBER-OF-SHARES-REDEEMED> 80331
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2457714
<ACCUMULATED-NII-PRIOR> 4522
<ACCUMULATED-GAINS-PRIOR> (58234)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 91453
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 261190
<AVERAGE-NET-ASSETS> 19937481
<PER-SHARE-NAV-BEGIN> 12.58
<PER-SHARE-NII> (0.09)
<PER-SHARE-GAIN-APPREC> (0.30)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.19
<EXPENSE-RATIO> 2.325
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SHCEDLUE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 153
<NAME> SMALL/MID CAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 19868909
<INVESTMENTS-AT-VALUE> 20548532
<RECEIVABLES> 407373
<ASSETS-OTHER> 16587
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20972492
<PAYABLE-FOR-SECURITIES> 622068
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 26625
<TOTAL-LIABILITIES> 648693
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 21291503
<SHARES-COMMON-STOCK> 804250
<SHARES-COMMON-PRIOR> 654464
<ACCUMULATED-NII-CURRENT> (149272)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1498055)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 679623
<NET-ASSETS> 20323799
<DIVIDEND-INCOME> 30187
<INTEREST-INCOME> 40495
<OTHER-INCOME> 0
<EXPENSES-NET> 219954
<NET-INVESTMENT-INCOME> (149272)
<REALIZED-GAINS-CURRENT> (726448)
<APPREC-INCREASE-CURRENT> 83461
<NET-CHANGE-FROM-OPS> (792259)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 412744
<NUMBER-OF-SHARES-REDEEMED> 262958
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2457714
<ACCUMULATED-NII-PRIOR> 4522
<ACCUMULATED-GAINS-PRIOR> (58234)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 91453
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 261190
<AVERAGE-NET-ASSETS> 19937481
<PER-SHARE-NAV-BEGIN> 12.59
<PER-SHARE-NII> (0.09)
<PER-SHARE-GAIN-APPREC> (0.30)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.20
<EXPENSE-RATIO> 2.325
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 161
<NAME> INTERNATIONAL SMALL CAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 15147183
<INVESTMENTS-AT-VALUE> 16207512
<RECEIVABLES> 143212
<ASSETS-OTHER> 15608
<OTHER-ITEMS-ASSETS> 212360
<TOTAL-ASSETS> 16588692
<PAYABLE-FOR-SECURITIES> 260876
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 52624
<TOTAL-LIABILITIES> 313500
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15739466
<SHARES-COMMON-STOCK> 193136
<SHARES-COMMON-PRIOR> 157851
<ACCUMULATED-NII-CURRENT> (61969)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (461920)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1059615
<NET-ASSETS> 16275192
<DIVIDEND-INCOME> 46208
<INTEREST-INCOME> 66306
<OTHER-INCOME> 0
<EXPENSES-NET> 180151
<NET-INVESTMENT-INCOME> (67637)
<REALIZED-GAINS-CURRENT> (403686)
<APPREC-INCREASE-CURRENT> 700146
<NET-CHANGE-FROM-OPS> 228823
<EQUALIZATION> 1146
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 109571
<NUMBER-OF-SHARES-REDEEMED> 74286
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3570520
<ACCUMULATED-NII-PRIOR> 4522
<ACCUMULATED-GAINS-PRIOR> (58234)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 77609
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 204230
<AVERAGE-NET-ASSETS> 14905140
<PER-SHARE-NAV-BEGIN> 13.43
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 0.37
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.77
<EXPENSE-RATIO> 1.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 162
<NAME> INTERNATIONAL SMALL CAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 15147183
<INVESTMENTS-AT-VALUE> 16207512
<RECEIVABLES> 143212
<ASSETS-OTHER> 15608
<OTHER-ITEMS-ASSETS> 212360
<TOTAL-ASSETS> 16588692
<PAYABLE-FOR-SECURITIES> 260876
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 52624
<TOTAL-LIABILITIES> 313500
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15739466
<SHARES-COMMON-STOCK> 508528
<SHARES-COMMON-PRIOR> 378970
<ACCUMULATED-NII-CURRENT> (61969)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (461920)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1059615
<NET-ASSETS> 16275192
<DIVIDEND-INCOME> 46208
<INTEREST-INCOME> 66306
<OTHER-INCOME> 0
<EXPENSES-NET> 180151
<NET-INVESTMENT-INCOME> (67637)
<REALIZED-GAINS-CURRENT> (403686)
<APPREC-INCREASE-CURRENT> 700146
<NET-CHANGE-FROM-OPS> 228823
<EQUALIZATION> 1146
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 191795
<NUMBER-OF-SHARES-REDEEMED> 62237
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3570520
<ACCUMULATED-NII-PRIOR> 4522
<ACCUMULATED-GAINS-PRIOR> (58234)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 77609
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 204230
<AVERAGE-NET-ASSETS> 14905140
<PER-SHARE-NAV-BEGIN> 13.37
<PER-SHARE-NII> (0.06)
<PER-SHARE-GAIN-APPREC> 0.35
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.66
<EXPENSE-RATIO> 2.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 163
<NAME> INTERNATIONAL SMALL CAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 15147183
<INVESTMENTS-AT-VALUE> 16207512
<RECEIVABLES> 143212
<ASSETS-OTHER> 15608
<OTHER-ITEMS-ASSETS> 212360
<TOTAL-ASSETS> 16588692
<PAYABLE-FOR-SECURITIES> 260876
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 52624
<TOTAL-LIABILITIES> 313500
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15739466
<SHARES-COMMON-STOCK> 488284
<SHARES-COMMON-PRIOR> 412466
<ACCUMULATED-NII-CURRENT> (61969)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (461920)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1059615
<NET-ASSETS> 16275192
<DIVIDEND-INCOME> 46208
<INTEREST-INCOME> 66306
<OTHER-INCOME> 0
<EXPENSES-NET> 180151
<NET-INVESTMENT-INCOME> (67637)
<REALIZED-GAINS-CURRENT> (403686)
<APPREC-INCREASE-CURRENT> 700146
<NET-CHANGE-FROM-OPS> 228823
<EQUALIZATION> 1146
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 151966
<NUMBER-OF-SHARES-REDEEMED> 76148
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3570520
<ACCUMULATED-NII-PRIOR> 4522
<ACCUMULATED-GAINS-PRIOR> (58234)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 77609
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 204230
<AVERAGE-NET-ASSETS> 14905140
<PER-SHARE-NAV-BEGIN> 13.37
<PER-SHARE-NII> (0.06)
<PER-SHARE-GAIN-APPREC> 0.35
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.66
<EXPENSE-RATIO> 2.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SHCEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 171
<NAME> GROWTH EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 15739787
<INVESTMENTS-AT-VALUE> 17238572
<RECEIVABLES> 206272
<ASSETS-OTHER> 17957
<OTHER-ITEMS-ASSETS> 163315
<TOTAL-ASSETS> 17626116
<PAYABLE-FOR-SECURITIES> 90644
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23917
<TOTAL-LIABILITIES> 114561
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16115449
<SHARES-COMMON-STOCK> 165372
<SHARES-COMMON-PRIOR> 162826
<ACCUMULATED-NII-CURRENT> 26640
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (129223)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1498689
<NET-ASSETS> 17511555
<DIVIDEND-INCOME> 60975
<INTEREST-INCOME> 55296
<OTHER-INCOME> 0
<EXPENSES-NET> 177049
<NET-INVESTMENT-INCOME> (60778)
<REALIZED-GAINS-CURRENT> 297345
<APPREC-INCREASE-CURRENT> 795392
<NET-CHANGE-FROM-OPS> 1031959
<EQUALIZATION> 33912
<DISTRIBUTIONS-OF-INCOME> 33593
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 86561
<NUMBER-OF-SHARES-REDEEMED> 86336
<SHARES-REINVESTED> 2321
<NET-CHANGE-IN-ASSETS> 4025509
<ACCUMULATED-NII-PRIOR> (256903)
<ACCUMULATED-GAINS-PRIOR> 12643301
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 72442
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 208588
<AVERAGE-NET-ASSETS> 16231740
<PER-SHARE-NAV-BEGIN> 13.78
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 1.06
<PER-SHARE-DIVIDEND> 0.19
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.64
<EXPENSE-RATIO> 1.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SHCEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 172
<NAME> GROWTH EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 15739787
<INVESTMENTS-AT-VALUE> 17238572
<RECEIVABLES> 206272
<ASSETS-OTHER> 17957
<OTHER-ITEMS-ASSETS> 163315
<TOTAL-ASSETS> 17626116
<PAYABLE-FOR-SECURITIES> 90644
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23917
<TOTAL-LIABILITIES> 114561
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16115449
<SHARES-COMMON-STOCK> 478545
<SHARES-COMMON-PRIOR> 345868
<ACCUMULATED-NII-CURRENT> 26640
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (129223)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1498689
<NET-ASSETS> 17511555
<DIVIDEND-INCOME> 60975
<INTEREST-INCOME> 55296
<OTHER-INCOME> 0
<EXPENSES-NET> 177049
<NET-INVESTMENT-INCOME> (60778)
<REALIZED-GAINS-CURRENT> 297345
<APPREC-INCREASE-CURRENT> 795392
<NET-CHANGE-FROM-OPS> 1031959
<EQUALIZATION> 33912
<DISTRIBUTIONS-OF-INCOME> 63216
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 289683
<NUMBER-OF-SHARES-REDEEMED> 160754
<SHARES-REINVESTED> 3748
<NET-CHANGE-IN-ASSETS> 4025509
<ACCUMULATED-NII-PRIOR> (256903)
<ACCUMULATED-GAINS-PRIOR> 12643301
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 72442
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 208588
<AVERAGE-NET-ASSETS> 16231740
<PER-SHARE-NAV-BEGIN> 13.73
<PER-SHARE-NII> (0.06)
<PER-SHARE-GAIN-APPREC> 1.06
<PER-SHARE-DIVIDEND> 0.16
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.57
<EXPENSE-RATIO> 2.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SHCEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NORTH
AMERICAN FUNDS SEMI-ANNUAL REPORT DATED APRIL 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUNDS
<SERIES>
<NUMBER> 173
<NAME> GROWTH EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> NOV-01-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 15739787
<INVESTMENTS-AT-VALUE> 17238572
<RECEIVABLES> 206272
<ASSETS-OTHER> 17957
<OTHER-ITEMS-ASSETS> 163315
<TOTAL-ASSETS> 17626116
<PAYABLE-FOR-SECURITIES> 90644
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23917
<TOTAL-LIABILITIES> 114561
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16115449
<SHARES-COMMON-STOCK> 557408
<SHARES-COMMON-PRIOR> 472932
<ACCUMULATED-NII-CURRENT> 26640
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (129223)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1498689
<NET-ASSETS> 17511555
<DIVIDEND-INCOME> 60975
<INTEREST-INCOME> 55296
<OTHER-INCOME> 0
<EXPENSES-NET> 177049
<NET-INVESTMENT-INCOME> (60778)
<REALIZED-GAINS-CURRENT> 297345
<APPREC-INCREASE-CURRENT> 795392
<NET-CHANGE-FROM-OPS> 1031959
<EQUALIZATION> 33912
<DISTRIBUTIONS-OF-INCOME> 90077
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 233025
<NUMBER-OF-SHARES-REDEEMED> 154948
<SHARES-REINVESTED> 6399
<NET-CHANGE-IN-ASSETS> 4025509
<ACCUMULATED-NII-PRIOR> (256903)
<ACCUMULATED-GAINS-PRIOR> 12643301
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 72442
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 208588
<AVERAGE-NET-ASSETS> 16231740
<PER-SHARE-NAV-BEGIN> 13.73
<PER-SHARE-NII> (0.06)
<PER-SHARE-GAIN-APPREC> 1.06
<PER-SHARE-DIVIDEND> 0.17
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.56
<EXPENSE-RATIO> 2.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
