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<PAGE> PAGE 2
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<PAGE> PAGE 13
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<PAGE> PAGE 17
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<PAGE> PAGE 21
070 J020700 N
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<PAGE> PAGE 22
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008 A000801 CYPRESSTREE ASSET MANANGEMENT CORPORATION, IC
008 B000801 A
008 C000801 801-54698
008 D010801 BOSTON
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008 D030801 02210
008 A000802 WELLINGTON MANAGEMENT COMPANY
008 B000802 S
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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008 A000901 CYPRESSTREE ASSET MANAGEMENT CORPORATION, INC
<PAGE> PAGE 27
008 B000901 A
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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008 A001001 CYPRESSTREE ASSET MANAGEMENT CORPORATION, INC
008 B001001 A
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008 D031001 02210
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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008 A001101 CYPRESSTREE ASSET MANAGEMENT CORPORATION, INC
008 B001101 A
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008 D011101 BOSTON
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008 D031101 02210
008 A001102 SALOMON BROTHERS ASSET MANAGEMENT
008 B001102 S
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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008 A001301 CYPRESSTREE ASSET MANAGEMENT CORPORATION, INC
008 B001301 A
008 C001301 801-54698
008 D011301 BOSTON
008 D021301 MA
008 D031301 02210
<PAGE> PAGE 40
008 A001302 SALOMON BROTHERS ASSET MANAGEMENT
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008 C001302 801-32046
008 D011302 NEW YORK
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008 D031302 10048
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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<PAGE> PAGE 57
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<PAGE> PAGE 58
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<PAGE> PAGE 59
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<PAGE> PAGE 60
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073 A011700 0.0000
073 A021700 0.0000
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<PAGE> PAGE 61
074 R031700 0
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074 U021700 835
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074 V021700 0.00
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074 X001700 2785
074 Y001700 0
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075 B001700 27478
076 001700 0.00
008 A001801 CYPRESSTREE ASSET MANAGEMENT
008 B001801 A
008 C001801 801-5797
008 D011801 BOSTON
008 D021801 MA
008 D031801 02210
008 A001802 STANDISH AYER & WOOD, INC.
008 B001802 S
008 C001802 801-584
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008 D021802 MA
008 D031802 02111
024 001800 N
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025 D001802 0
025 D001803 0
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025 D001805 0
025 D001806 0
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025 D001808 0
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<PAGE> PAGE 62
028 E011800 910
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045 001800 Y
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062 A001800 N
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062 E001800 0.0
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<PAGE> PAGE 63
062 M001800 0.0
062 N001800 0.0
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062 R001800 0.0
066 A001800 Y
066 B001800 N
066 C001800 N
066 D001800 Y
066 E001800 N
066 F001800 N
066 G001800 N
067 001800 N
068 A001800 N
068 B001800 N
069 001800 N
070 A011800 Y
070 A021800 Y
070 B011800 Y
070 B021800 N
070 C011800 Y
070 C021800 N
070 D011800 Y
070 D021800 N
070 E011800 Y
070 E021800 N
070 F011800 Y
070 F021800 N
070 G011800 Y
070 G021800 N
070 H011800 Y
070 H021800 N
070 I011800 Y
070 I021800 N
070 J011800 Y
070 J021800 N
070 K011800 Y
070 K021800 N
070 L011800 Y
070 L021800 N
070 M011800 Y
070 M021800 N
070 N011800 Y
070 N021800 N
070 O011800 Y
070 O021800 N
070 P011800 N
070 P021800 N
070 Q011800 N
070 Q021800 N
<PAGE> PAGE 64
070 R011800 N
070 R021800 N
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<PAGE> PAGE 65
074 I001800 0
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008 A001901 CYPRESSTREE ASSET MANAGEMENT CORPORATION, INC
008 B001901 A
008 C001901 801-5797
008 D011901 BOSTON
008 D021901 MA
008 D031901 02210
008 A001902 WARBURG PINCUS ASSET MANAGEMENT, INC.
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008 D021902 NY
008 D031902 10017
008 D041902 3147
025 D001901 0
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<PAGE> PAGE 66
028 B021900 0
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045 001900 Y
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062 A001900 N
<PAGE> PAGE 67
062 B001900 0.0
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062 E001900 0.0
062 F001900 0.0
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062 K001900 0.0
062 L001900 0.0
062 M001900 0.0
062 N001900 0.0
062 O001900 0.0
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062 R001900 0.0
066 A001900 Y
066 B001900 Y
066 C001900 N
066 D001900 N
066 E001900 N
066 F001900 N
066 G001900 N
067 001900 N
068 A001900 N
068 B001900 N
069 001900 N
070 A011900 Y
070 A021900 Y
070 B011900 Y
070 B021900 N
070 C011900 Y
070 C021900 N
070 D011900 Y
070 D021900 N
070 E011900 Y
070 E021900 N
070 F011900 Y
070 F021900 N
070 G011900 Y
070 G021900 N
070 H011900 Y
070 H021900 N
070 I011900 Y
070 I021900 N
070 J011900 Y
070 J021900 N
070 K011900 Y
070 K021900 N
070 L011900 Y
<PAGE> PAGE 68
070 L021900 N
070 M011900 Y
070 M021900 N
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070 N021900 N
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070 P011900 N
070 P021900 N
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070 Q021900 N
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070 R021900 N
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<PAGE> PAGE 69
073 A021900 0.0000
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SIGNATURE CHRISTINA ROWNTREE
TITLE FUND ADMIN. MANAGER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-Annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 011
<NAME> EQUITY-INCOME FUND
<S> <C>
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<FISCAL-YEAR-END> OCT-31-1998
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<PERIOD-END> APR-30-1998
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<OTHER-ITEMS-LIABILITIES> 12726412
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<ACCUMULATED-NII-CURRENT> 591781
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<EXPENSES-NET> 1736448
<NET-INVESTMENT-INCOME> 934115
<REALIZED-GAINS-CURRENT> 6838525
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<DISTRIBUTIONS-OTHER> 0
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<NET-CHANGE-IN-ASSETS> 22918921
<ACCUMULATED-NII-PRIOR> 2048580
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<GROSS-EXPENSE> 1826438
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<EXPENSE-RATIO> 1.415
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-Annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 012
<NAME> EQUITY-INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
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<INVESTMENTS-AT-COST> 160543759
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-Annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 013
<NAME> EQUITY-INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 190092524
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<EXPENSES-NET> 1736448
<NET-INVESTMENT-INCOME> 934115
<REALIZED-GAINS-CURRENT> 6838525
<APPREC-INCREASE-CURRENT> 17771010
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<DISTRIBUTIONS-OF-INCOME> 1133374
<DISTRIBUTIONS-OF-GAINS> 6612228
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 396284
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<NET-CHANGE-IN-ASSETS> 22918921
<ACCUMULATED-NII-PRIOR> 2048580
<ACCUMULATED-GAINS-PRIOR> 11039356
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 653461
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<GROSS-EXPENSE> 1826438
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<EXPENSE-RATIO> 2.065
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 021
<NAME> U.S. GOVERNMENT SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
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<PERIOD-END> APR-30-1998
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<SHARES-COMMON-PRIOR> 54357730
<ACCUMULATED-NII-CURRENT> (258268)
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<ACCUMULATED-NET-GAINS> (1523722)
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<ACCUM-APPREC-OR-DEPREC> 446216
<NET-ASSETS> 76712220
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<EXPENSES-NET> 602256
<NET-INVESTMENT-INCOME> 2232793
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<APPREC-INCREASE-CURRENT> (312630)
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<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 263138
<NUMBER-OF-SHARES-REDEEMED> 688043
<SHARES-REINVESTED> 82760
<NET-CHANGE-IN-ASSETS> (7898179)
<ACCUMULATED-NII-PRIOR> (414108)
<ACCUMULATED-GAINS-PRIOR> (1991535)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 242788
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 662833
<AVERAGE-NET-ASSETS> 81568970
<PER-SHARE-NAV-BEGIN> 9.94
<PER-SHARE-NII> .23
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<PER-SHARE-DIVIDEND> .24
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.95
<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 the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 022
<NAME> U.S. GOVERNMENT SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 110732429
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<TOTAL-ASSETS> 113480613
<PAYABLE-FOR-SECURITIES> 26848283
<SENIOR-LONG-TERM-DEBT> 0
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<TOTAL-LIABILITIES> 36768393
<SENIOR-EQUITY> 0
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<OTHER-INCOME> 0
<EXPENSES-NET> 602256
<NET-INVESTMENT-INCOME> 2232793
<REALIZED-GAINS-CURRENT> 467813
<APPREC-INCREASE-CURRENT> (312630)
<NET-CHANGE-FROM-OPS> 2387976
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 417855
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 150459
<NUMBER-OF-SHARES-REDEEMED> 367638
<SHARES-REINVESTED> 21292
<NET-CHANGE-IN-ASSETS> (7898179)
<ACCUMULATED-NII-PRIOR> (414108)
<ACCUMULATED-GAINS-PRIOR> (1991535)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 242788
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 662833
<AVERAGE-NET-ASSETS> 81568970
<PER-SHARE-NAV-BEGIN> 9.94
<PER-SHARE-NII> .20
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> .21
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.94
<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 the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 023
<NAME> U.S. GOVERNMENT SECURITIES FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 110732429
<INVESTMENTS-AT-VALUE> 111178645
<RECEIVABLES> 2258389
<ASSETS-OTHER> 43579
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 113480613
<PAYABLE-FOR-SECURITIES> 26848283
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9920110
<TOTAL-LIABILITIES> 36768393
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 78040287
<SHARES-COMMON-STOCK> 1215823
<SHARES-COMMON-PRIOR> 1480550
<ACCUMULATED-NII-CURRENT> (258268)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1523722)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 446216
<NET-ASSETS> 76712220
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2835049
<OTHER-INCOME> 0
<EXPENSES-NET> 602256
<NET-INVESTMENT-INCOME> 2232793
<REALIZED-GAINS-CURRENT> 467813
<APPREC-INCREASE-CURRENT> (312630)
<NET-CHANGE-FROM-OPS> 2387976
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 357608
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 126702
<NUMBER-OF-SHARES-REDEEMED> 417824
<SHARES-REINVESTED> 26395
<NET-CHANGE-IN-ASSETS> (7898179)
<ACCUMULATED-NII-PRIOR> (414108)
<ACCUMULATED-GAINS-PRIOR> (1991535)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 242788
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 662833
<AVERAGE-NET-ASSETS> 81568970
<PER-SHARE-NAV-BEGIN> 9.94
<PER-SHARE-NII> .20
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> .21
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.94
<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 the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 031
<NAME> MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-30-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 20382103
<INVESTMENTS-AT-VALUE> 20382103
<RECEIVABLES> 131360
<ASSETS-OTHER> 46736
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20560199
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 106346
<TOTAL-LIABILITIES> 106346
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20433399
<SHARES-COMMON-STOCK> 11210119
<SHARES-COMMON-PRIOR> 11056985
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 20453853
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 513766
<OTHER-INCOME> 0
<EXPENSES-NET> 45445
<NET-INVESTMENT-INCOME> 468321
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 468321
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 231457
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7632868
<NUMBER-OF-SHARES-REDEEMED> 8657628
<SHARES-REINVESTED> 177894
<NET-CHANGE-IN-ASSETS> (1474009)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 18166
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 74607
<AVERAGE-NET-ASSETS> 18312206
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .02
<PER-SHARE-DISTRIBUTIONS> 000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .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 the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 032
<NAME> MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-30-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 20382103
<INVESTMENTS-AT-VALUE> 20382103
<RECEIVABLES> 131360
<ASSETS-OTHER> 46736
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20560199
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 106346
<TOTAL-LIABILITIES> 106346
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20433399
<SHARES-COMMON-STOCK> 3904608
<SHARES-COMMON-PRIOR> 3331454
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 20453853
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 513766
<OTHER-INCOME> 0
<EXPENSES-NET> 45445
<NET-INVESTMENT-INCOME> 468321
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 468321
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 61870
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5073542
<NUMBER-OF-SHARES-REDEEMED> 4546376
<SHARES-REINVESTED> 45988
<NET-CHANGE-IN-ASSETS> (1474009)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 18166
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 74607
<AVERAGE-NET-ASSETS> 18312206
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .02
<PER-SHARE-DISTRIBUTIONS> 000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .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 the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 033
<NAME> MONEY MARKET FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-30-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 20382103
<INVESTMENTS-AT-VALUE> 20382103
<RECEIVABLES> 131360
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20560199
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<OTHER-ITEMS-LIABILITIES> 106346
<TOTAL-LIABILITIES> 106346
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20433399
<SHARES-COMMON-STOCK> 6339044
<SHARES-COMMON-PRIOR> 7539423
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 20453853
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 513766
<OTHER-INCOME> 0
<EXPENSES-NET> 45445
<NET-INVESTMENT-INCOME> 468321
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 468321
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 174994
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 5293200
<NUMBER-OF-SHARES-REDEEMED> 6637396
<SHARES-REINVESTED> 143817
<NET-CHANGE-IN-ASSETS> (1474009)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 18166
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 74607
<AVERAGE-NET-ASSETS> 18312206
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .02
<PER-SHARE-DISTRIBUTIONS> 000
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .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 the North
American Fund Semi-Annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 071
<NAME> GLOBAL EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 114884518
<INVESTMENTS-AT-VALUE> 151175006
<RECEIVABLES> 12375541
<ASSETS-OTHER> 195551
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 163746098
<PAYABLE-FOR-SECURITIES> 486250
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 22204561
<TOTAL-LIABILITIES> 22690811
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 100170590
<SHARES-COMMON-STOCK> 1995484
<SHARES-COMMON-PRIOR> 1897016
<ACCUMULATED-NII-CURRENT> (281877)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4994194
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 36164525
<NET-ASSETS> 141055287
<DIVIDEND-INCOME> 1874942
<INTEREST-INCOME> 15819
<OTHER-INCOME> 0
<EXPENSES-NET> 1452357
<NET-INVESTMENT-INCOME> 438404
<REALIZED-GAINS-CURRENT> 4992501
<APPREC-INCREASE-CURRENT> 17824461
<NET-CHANGE-FROM-OPS> 23255366
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 417000
<DISTRIBUTIONS-OF-GAINS> 1961256
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 321498
<NUMBER-OF-SHARES-REDEEMED> 375210
<SHARES-REINVESTED> 152180
<NET-CHANGE-IN-ASSETS> 17016828
<ACCUMULATED-NII-PRIOR> (102559)
<ACCUMULATED-GAINS-PRIOR> 7780248
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 585041
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1459573
<AVERAGE-NET-ASSETS> 131198262
<PER-SHARE-NAV-BEGIN> 16.32
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> 2.88
<PER-SHARE-DIVIDEND> .22
<PER-SHARE-DISTRIBUTIONS> 1.03
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.04
<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 the North
American Fund Semi-Annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 072
<NAME> GLOBAL EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 114884518
<INVESTMENTS-AT-VALUE> 151175006
<RECEIVABLES> 12375541
<ASSETS-OTHER> 195551
<OTHER-ITEMS-ASSETS> 0
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<PAYABLE-FOR-SECURITIES> 486250
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 22204561
<TOTAL-LIABILITIES> 22690811
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 100170590
<SHARES-COMMON-STOCK> 2107375
<SHARES-COMMON-PRIOR> 1972553
<ACCUMULATED-NII-CURRENT> (281877)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4994194
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 36164525
<NET-ASSETS> 141055287
<DIVIDEND-INCOME> 1874942
<INTEREST-INCOME> 15819
<OTHER-INCOME> 0
<EXPENSES-NET> 1452357
<NET-INVESTMENT-INCOME> 438404
<REALIZED-GAINS-CURRENT> 4992501
<APPREC-INCREASE-CURRENT> 17824461
<NET-CHANGE-FROM-OPS> 23255366
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 215229
<DISTRIBUTIONS-OF-GAINS> 2005883
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 180585
<NUMBER-OF-SHARES-REDEEMED> 182545
<SHARES-REINVESTED> 136782
<NET-CHANGE-IN-ASSETS> 17016828
<ACCUMULATED-NII-PRIOR> (102559)
<ACCUMULATED-GAINS-PRIOR> 7780248
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 585041
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1459573
<AVERAGE-NET-ASSETS> 131198262
<PER-SHARE-NAV-BEGIN> 16.14
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> 2.85
<PER-SHARE-DIVIDEND> .11
<PER-SHARE-DISTRIBUTIONS> 1.03
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.89
<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 the North
American Fund Semi-Annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 073
<NAME> GLOBAL EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 114884518
<INVESTMENTS-AT-VALUE> 151175006
<RECEIVABLES> 12375541
<ASSETS-OTHER> 195551
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 163746098
<PAYABLE-FOR-SECURITIES> 486250
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 22204561
<TOTAL-LIABILITIES> 22690811
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 100170590
<SHARES-COMMON-STOCK> 3751236
<SHARES-COMMON-PRIOR> 3782659
<ACCUMULATED-NII-CURRENT> (281877)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4994194
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 36164525
<NET-ASSETS> 141055287
<DIVIDEND-INCOME> 1874942
<INTEREST-INCOME> 15819
<OTHER-INCOME> 0
<EXPENSES-NET> 1452357
<NET-INVESTMENT-INCOME> 438404
<REALIZED-GAINS-CURRENT> 4992501
<APPREC-INCREASE-CURRENT> 17824461
<NET-CHANGE-FROM-OPS> 23255366
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 376419
<DISTRIBUTIONS-OF-GAINS> 3811416
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 173636
<NUMBER-OF-SHARES-REDEEMED> 467400
<SHARES-REINVESTED> 262341
<NET-CHANGE-IN-ASSETS> 17016828
<ACCUMULATED-NII-PRIOR> (102559)
<ACCUMULATED-GAINS-PRIOR> 7780248
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 585041
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1459573
<AVERAGE-NET-ASSETS> 131198262
<PER-SHARE-NAV-BEGIN> 16.19
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 2.85
<PER-SHARE-DIVIDEND> .11
<PER-SHARE-DISTRIBUTIONS> 1.03
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.95
<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 the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 081
<NAME> INVESTMENT QUALITY BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 16787090
<INVESTMENTS-AT-VALUE> 17211070
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 17587168
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1194878
<TOTAL-LIABILITIES> 1194878
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16421477
<SHARES-COMMON-STOCK> 635098
<SHARES-COMMON-PRIOR> 675704
<ACCUMULATED-NII-CURRENT> 1188
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<ACCUMULATED-NET-GAINS> (455908)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 423980
<NET-ASSETS> 16392290
<DIVIDEND-INCOME> 1406
<INTEREST-INCOME> 662255
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<EXPENSES-NET> 140359
<NET-INVESTMENT-INCOME> 523302
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<APPREC-INCREASE-CURRENT> 15679
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 219117
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 34657
<NUMBER-OF-SHARES-REDEEMED> 89536
<SHARES-REINVESTED> 14273
<NET-CHANGE-IN-ASSETS> (1439295)
<ACCUMULATED-NII-PRIOR> 17719
<ACCUMULATED-GAINS-PRIOR> (526420)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 51326
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 161110
<AVERAGE-NET-ASSETS> 17245536
<PER-SHARE-NAV-BEGIN> 10.52
<PER-SHARE-NII> .29
<PER-SHARE-GAIN-APPREC> .04
<PER-SHARE-DIVIDEND> .28
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.57
<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 the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 082
<NAME> INVESTMENT QUALITY BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 16787090
<INVESTMENTS-AT-VALUE> 17211070
<RECEIVABLES> 344712
<ASSETS-OTHER> 31386
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 17587168
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1194878
<TOTAL-LIABILITIES> 1194878
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16421477
<SHARES-COMMON-STOCK> 440304
<SHARES-COMMON-PRIOR> 438362
<ACCUMULATED-NII-CURRENT> 1188
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (455908)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 423980
<NET-ASSETS> 16392290
<DIVIDEND-INCOME> 1406
<INTEREST-INCOME> 662255
<OTHER-INCOME> 0
<EXPENSES-NET> 140359
<NET-INVESTMENT-INCOME> 523302
<REALIZED-GAINS-CURRENT> 70512
<APPREC-INCREASE-CURRENT> 15679
<NET-CHANGE-FROM-OPS> 609493
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 139260
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 56972
<NUMBER-OF-SHARES-REDEEMED> 64386
<SHARES-REINVESTED> 9556
<NET-CHANGE-IN-ASSETS> (1439295)
<ACCUMULATED-NII-PRIOR> 17719
<ACCUMULATED-GAINS-PRIOR> (526420)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 51326
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 161110
<AVERAGE-NET-ASSETS> 17245536
<PER-SHARE-NAV-BEGIN> 10.52
<PER-SHARE-NII> .26
<PER-SHARE-GAIN-APPREC> .05
<PER-SHARE-DIVIDEND> .26
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.57
<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 the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<RESTATED>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 083
<NAME> INVESTMENT QUALITY BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 16787090
<INVESTMENTS-AT-VALUE> 17211070
<RECEIVABLES> 344712
<ASSETS-OTHER> 31386
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 17587168
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1194878
<TOTAL-LIABILITIES> 1194878
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16421477
<SHARES-COMMON-STOCK> 475444
<SHARES-COMMON-PRIOR> 580612
<ACCUMULATED-NII-CURRENT> 1188
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (455908)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 423980
<NET-ASSETS> 16392290
<DIVIDEND-INCOME> 1406
<INTEREST-INCOME> 662255
<OTHER-INCOME> 0
<EXPENSES-NET> 140359
<NET-INVESTMENT-INCOME> 523302
<REALIZED-GAINS-CURRENT> 70512
<APPREC-INCREASE-CURRENT> 15679
<NET-CHANGE-FROM-OPS> 609493
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 165247
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 85535
<NUMBER-OF-SHARES-REDEEMED> 202031
<SHARES-REINVESTED> 11328
<NET-CHANGE-IN-ASSETS> (1439295)
<ACCUMULATED-NII-PRIOR> 17719
<ACCUMULATED-GAINS-PRIOR> (526420)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 51326
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 161110
<AVERAGE-NET-ASSETS> 17245536
<PER-SHARE-NAV-BEGIN> 10.52
<PER-SHARE-NII> .26
<PER-SHARE-GAIN-APPREC> .05
<PER-SHARE-DIVIDEND> .26
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.57
<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 the North
American Fund Semi-Annul Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 091
<NAME> GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 156424621
<INVESTMENTS-AT-VALUE> 247448401
<RECEIVABLES> 1442126
<ASSETS-OTHER> 51806
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 248942333
<PAYABLE-FOR-SECURITIES> 1185134
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6994726
<TOTAL-LIABILITIES> 8179860
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 147343095
<SHARES-COMMON-STOCK> 1854822
<SHARES-COMMON-PRIOR> 1570268
<ACCUMULATED-NII-CURRENT> (230405)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2616448
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 91023419
<NET-ASSETS> 240762473
<DIVIDEND-INCOME> 1667975
<INTEREST-INCOME> 109402
<OTHER-INCOME> 0
<EXPENSES-NET> 1964086
<NET-INVESTMENT-INCOME> (186709)
<REALIZED-GAINS-CURRENT> 2581741
<APPREC-INCREASE-CURRENT> 38221157
<NET-CHANGE-FROM-OPS> 40616189
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 40949
<DISTRIBUTIONS-OF-GAINS> 2745645
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 499653
<NUMBER-OF-SHARES-REDEEMED> 342278
<SHARES-REINVESTED> 127179
<NET-CHANGE-IN-ASSETS> 53455020
<ACCUMULATED-NII-PRIOR> 169142
<ACCUMULATED-GAINS-PRIOR> 14979443
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 718210
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2096771
<AVERAGE-NET-ASSETS> 212280169
<PER-SHARE-NAV-BEGIN> 21.77
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> 4.3
<PER-SHARE-DIVIDEND> .03
<PER-SHARE-DISTRIBUTIONS> 1.7
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 24.38
<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 the North
American Fund Semi-Annul Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 092
<NAME> GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 156424621
<INVESTMENTS-AT-VALUE> 247448401
<RECEIVABLES> 1442126
<ASSETS-OTHER> 51806
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 248942333
<PAYABLE-FOR-SECURITIES> 1185134
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6994726
<TOTAL-LIABILITIES> 8179860
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 147343095
<SHARES-COMMON-STOCK> 3083155
<SHARES-COMMON-PRIOR> 2532295
<ACCUMULATED-NII-CURRENT> (230405)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2616448
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 91023419
<NET-ASSETS> 240762473
<DIVIDEND-INCOME> 1667975
<INTEREST-INCOME> 109402
<OTHER-INCOME> 0
<EXPENSES-NET> 1964086
<NET-INVESTMENT-INCOME> (186709)
<REALIZED-GAINS-CURRENT> 2581741
<APPREC-INCREASE-CURRENT> 38221157
<NET-CHANGE-FROM-OPS> 40616189
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1876
<DISTRIBUTIONS-OF-GAINS> 4506826
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 509454
<NUMBER-OF-SHARES-REDEEMED> 161166
<SHARES-REINVESTED> 202572
<NET-CHANGE-IN-ASSETS> 53455020
<ACCUMULATED-NII-PRIOR> 169142
<ACCUMULATED-GAINS-PRIOR> 14979443
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 718210
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2096771
<AVERAGE-NET-ASSETS> 212280169
<PER-SHARE-NAV-BEGIN> 21.67
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 4.26
<PER-SHARE-DIVIDEND> .00
<PER-SHARE-DISTRIBUTIONS> 1.7
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 24.20
<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 the North
American Fund Semi-Annul Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 093
<NAME> GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 156424621
<INVESTMENTS-AT-VALUE> 247448401
<RECEIVABLES> 1442126
<ASSETS-OTHER> 51806
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 248942333
<PAYABLE-FOR-SECURITIES> 1185134
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6994726
<TOTAL-LIABILITIES> 8179860
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 147343095
<SHARES-COMMON-STOCK> 4975663
<SHARES-COMMON-PRIOR> 4517472
<ACCUMULATED-NII-CURRENT> (230405)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2616448
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 91023419
<NET-ASSETS> 240762473
<DIVIDEND-INCOME> 1667975
<INTEREST-INCOME> 109402
<OTHER-INCOME> 0
<EXPENSES-NET> 1964086
<NET-INVESTMENT-INCOME> (186709)
<REALIZED-GAINS-CURRENT> 2581741
<APPREC-INCREASE-CURRENT> 38221157
<NET-CHANGE-FROM-OPS> 40616189
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 891
<DISTRIBUTIONS-OF-GAINS> 7695032
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 560830
<NUMBER-OF-SHARES-REDEEMED> 450706
<SHARES-REINVESTED> 348067
<NET-CHANGE-IN-ASSETS> 53455020
<ACCUMULATED-NII-PRIOR> 169142
<ACCUMULATED-GAINS-PRIOR> 14979443
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 718210
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2096771
<AVERAGE-NET-ASSETS> 212280169
<PER-SHARE-NAV-BEGIN> 21.75
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 4.28
<PER-SHARE-DIVIDEND> .00
<PER-SHARE-DISTRIBUTIONS> 1.7
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 24.30
<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 the North
American Fund Semi-Annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 101
<NAME> BALANCED FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-30-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 101708402
<INVESTMENTS-AT-VALUE> 108192683
<RECEIVABLES> 1262009
<ASSETS-OTHER> 568922
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 109511584
<PAYABLE-FOR-SECURITIES> 144858
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5757111
<TOTAL-LIABILITIES> 5901969
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 88663222
<SHARES-COMMON-STOCK> 1247680
<SHARES-COMMON-PRIOR> 976982
<ACCUMULATED-NII-CURRENT> 446552
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8006921
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6483867
<NET-ASSETS> 103609615
<DIVIDEND-INCOME> 574006
<INTEREST-INCOME> 1175287
<OTHER-INCOME> 0
<EXPENSES-NET> 975970
<NET-INVESTMENT-INCOME> 773323
<REALIZED-GAINS-CURRENT> 8024457
<APPREC-INCREASE-CURRENT> 1802411
<NET-CHANGE-FROM-OPS> 10600191
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 317345
<DISTRIBUTIONS-OF-GAINS> 2023888
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 123912
<NUMBER-OF-SHARES-REDEEMED> 76083
<SHARES-REINVESTED> 222869
<NET-CHANGE-IN-ASSETS> 5914895
<ACCUMULATED-NII-PRIOR> 1388676
<ACCUMULATED-GAINS-PRIOR> 15785914
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 372723
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1052305
<AVERAGE-NET-ASSETS> 100313794
<PER-SHARE-NAV-BEGIN> 12.58
<PER-SHARE-NII> .13
<PER-SHARE-GAIN-APPREC> 1.07
<PER-SHARE-DIVIDEND> .32
<PER-SHARE-DISTRIBUTIONS> 2.07
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.39
<EXPENSE-RATIO> 1.39
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-Annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 102
<NAME> BALANCED FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-30-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 101708402
<INVESTMENTS-AT-VALUE> 108192683
<RECEIVABLES> 1262009
<ASSETS-OTHER> 568922
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 109511584
<PAYABLE-FOR-SECURITIES> 144858
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5757111
<TOTAL-LIABILITIES> 5901969
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 88663222
<SHARES-COMMON-STOCK> 1762972
<SHARES-COMMON-PRIOR> 1371938
<ACCUMULATED-NII-CURRENT> 446552
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8006921
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6483867
<NET-ASSETS> 103609615
<DIVIDEND-INCOME> 574006
<INTEREST-INCOME> 1175287
<OTHER-INCOME> 0
<EXPENSES-NET> 975970
<NET-INVESTMENT-INCOME> 773323
<REALIZED-GAINS-CURRENT> 8024457
<APPREC-INCREASE-CURRENT> 1802411
<NET-CHANGE-FROM-OPS> 10600191
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 320086
<DISTRIBUTIONS-OF-GAINS> 5815447
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 257882
<NUMBER-OF-SHARES-REDEEMED> 141582
<SHARES-REINVESTED> 274734
<NET-CHANGE-IN-ASSETS> 5914895
<ACCUMULATED-NII-PRIOR> 1388676
<ACCUMULATED-GAINS-PRIOR> 15785914
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 372723
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1052305
<AVERAGE-NET-ASSETS> 100313794
<PER-SHARE-NAV-BEGIN> 12.49
<PER-SHARE-NII> .11
<PER-SHARE-GAIN-APPREC> 1.05
<PER-SHARE-DIVIDEND> .24
<PER-SHARE-DISTRIBUTIONS> 2.07
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.34
<EXPENSE-RATIO> 2.04
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-Annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 103
<NAME> BALANCED FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-30-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 101708402
<INVESTMENTS-AT-VALUE> 108192683
<RECEIVABLES> 1262009
<ASSETS-OTHER> 568922
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 109511584
<PAYABLE-FOR-SECURITIES> 144858
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5757111
<TOTAL-LIABILITIES> 5901969
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 88663222
<SHARES-COMMON-STOCK> 6041194
<SHARES-COMMON-PRIOR> 5406916
<ACCUMULATED-NII-CURRENT> 446552
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8006921
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6483867
<NET-ASSETS> 103609615
<DIVIDEND-INCOME> 574006
<INTEREST-INCOME> 1175287
<OTHER-INCOME> 0
<EXPENSES-NET> 975970
<NET-INVESTMENT-INCOME> 773323
<REALIZED-GAINS-CURRENT> 8024457
<APPREC-INCREASE-CURRENT> 1802411
<NET-CHANGE-FROM-OPS> 10600191
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1278950
<DISTRIBUTIONS-OF-GAINS> 11012231
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 165483
<NUMBER-OF-SHARES-REDEEMED> 645040
<SHARES-REINVESTED> 1113835
<NET-CHANGE-IN-ASSETS> 5914895
<ACCUMULATED-NII-PRIOR> 1388676
<ACCUMULATED-GAINS-PRIOR> 15785914
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 372723
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1052305
<AVERAGE-NET-ASSETS> 100313794
<PER-SHARE-NAV-BEGIN> 12.62
<PER-SHARE-NII> .10
<PER-SHARE-GAIN-APPREC> 1.06
<PER-SHARE-DIVIDEND> .24
<PER-SHARE-DISTRIBUTIONS> 2.07
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.49
<EXPENSE-RATIO> 2.04
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
North American Fund Semi-annual Report dated April 30, 1998, and is qualified in
its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 111
<NAME> NATIONAL MUNICIPAL BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 15669433
<INVESTMENTS-AT-VALUE> 16552307
<RECEIVABLES> 253602
<ASSETS-OTHER> 28798
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 16834707
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 119881
<TOTAL-LIABILITIES> 119881
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15866083
<SHARES-COMMON-STOCK> 586318
<SHARES-COMMON-PRIOR> 629317
<ACCUMULATED-NII-CURRENT> (474)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (35308)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 882874
<NET-ASSETS> 16714826
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 498879
<OTHER-INCOME> 0
<EXPENSES-NET> 136993
<NET-INVESTMENT-INCOME> 361886
<REALIZED-GAINS-CURRENT> 178305
<APPREC-INCREASE-CURRENT> (90775)
<NET-CHANGE-FROM-OPS> 449416
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 144715
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 23857
<NUMBER-OF-SHARES-REDEEMED> 72670
<SHARES-REINVESTED> 5814
<NET-CHANGE-IN-ASSETS> (1468845)
<ACCUMULATED-NII-PRIOR> (474)
<ACCUMULATED-GAINS-PRIOR> (213613)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 52925
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 150707
<AVERAGE-NET-ASSETS> 17779692
<PER-SHARE-NAV-BEGIN> 10.09
<PER-SHARE-NII> .2
<PER-SHARE-GAIN-APPREC> .04
<PER-SHARE-DIVIDEND> .2
<PER-SHARE-DISTRIBUTIONS> 0.
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.13
<EXPENSE-RATIO> .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 the
North American Fund Semi-annual Report dated April 30, 1998, and is qualified in
its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 112
<NAME> NATIONAL MUNICIPAL BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 15669433
<INVESTMENTS-AT-VALUE> 16552307
<RECEIVABLES> 253602
<ASSETS-OTHER> 28798
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 16834707
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 119881
<TOTAL-LIABILITIES> 119881
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15866083
<SHARES-COMMON-STOCK> 548571
<SHARES-COMMON-PRIOR> 647576
<ACCUMULATED-NII-CURRENT> (474)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (35308)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 882874
<NET-ASSETS> 16714826
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 498879
<OTHER-INCOME> 0
<EXPENSES-NET> 136993
<NET-INVESTMENT-INCOME> 361886
<REALIZED-GAINS-CURRENT> 178305
<APPREC-INCREASE-CURRENT> (90775)
<NET-CHANGE-FROM-OPS> 449416
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 116415
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 20231
<NUMBER-OF-SHARES-REDEEMED> 125106
<SHARES-REINVESTED> 5870
<NET-CHANGE-IN-ASSETS> (1468845)
<ACCUMULATED-NII-PRIOR> (474)
<ACCUMULATED-GAINS-PRIOR> (213613)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 52925
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 150707
<AVERAGE-NET-ASSETS> 17779692
<PER-SHARE-NAV-BEGIN> 10.09
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> .03
<PER-SHARE-DIVIDEND> .16
<PER-SHARE-DISTRIBUTIONS> 0.
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.12
<EXPENSE-RATIO> 1.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
North American Fund Semi-annual Report dated April 30, 1998, and is qualified in
its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 113
<NAME> NATIONAL MUNICIPAL BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1998
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 15669433
<INVESTMENTS-AT-VALUE> 16552307
<RECEIVABLES> 253602
<ASSETS-OTHER> 28798
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 16834707
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 119881
<TOTAL-LIABILITIES> 119881
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15866083
<SHARES-COMMON-STOCK> 515914
<SHARES-COMMON-PRIOR> 525979
<ACCUMULATED-NII-CURRENT> (474)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (35308)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 882874
<NET-ASSETS> 16714826
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 498879
<OTHER-INCOME> 0
<EXPENSES-NET> 136993
<NET-INVESTMENT-INCOME> 361886
<REALIZED-GAINS-CURRENT> 178305
<APPREC-INCREASE-CURRENT> (90775)
<NET-CHANGE-FROM-OPS> 449416
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 100755
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 52230
<NUMBER-OF-SHARES-REDEEMED> 69820
<SHARES-REINVESTED> 6525
<NET-CHANGE-IN-ASSETS> (1468845)
<ACCUMULATED-NII-PRIOR> (474)
<ACCUMULATED-GAINS-PRIOR> (213613)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 52925
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 150707
<AVERAGE-NET-ASSETS> 17779692
<PER-SHARE-NAV-BEGIN> 10.09
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> .03
<PER-SHARE-DIVIDEND> .16
<PER-SHARE-DISTRIBUTIONS> 0.
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.12
<EXPENSE-RATIO> 1.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-Annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 131
<NAME> STRATEGIC INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 113850114
<INVESTMENTS-AT-VALUE> 115410526
<RECEIVABLES> 15686026
<ASSETS-OTHER> 10175233
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 141271785
<PAYABLE-FOR-SECURITIES> 20315555
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 33861794
<TOTAL-LIABILITIES> 54177349
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 84267957
<SHARES-COMMON-STOCK> 1733740
<SHARES-COMMON-PRIOR> 1631881
<ACCUMULATED-NII-CURRENT> (65373)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1355953
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1526978
<NET-ASSETS> 87094436
<DIVIDEND-INCOME> 49
<INTEREST-INCOME> 3631545
<OTHER-INCOME> 0
<EXPENSES-NET> 863369
<NET-INVESTMENT-INCOME> 2768225
<REALIZED-GAINS-CURRENT> 1251712
<APPREC-INCREASE-CURRENT> (54148)
<NET-CHANGE-FROM-OPS> 3973830
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 560239
<DISTRIBUTIONS-OF-GAINS> 219321
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 214627
<NUMBER-OF-SHARES-REDEEMED> 160778
<SHARES-REINVESTED> 48010
<NET-CHANGE-IN-ASSETS> 3897685
<ACCUMULATED-NII-PRIOR> (80961)
<ACCUMULATED-GAINS-PRIOR> 1274370
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 310394
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 888124
<AVERAGE-NET-ASSETS> 85862416
<PER-SHARE-NAV-BEGIN> 9.76
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 0.13
<PER-SHARE-DIVIDEND> 0.29
<PER-SHARE-DISTRIBUTIONS> 0.13
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.76
<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 the North
American Fund Semi-Annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 132
<NAME> STRATEGIC INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 113850114
<INVESTMENTS-AT-VALUE> 115410526
<RECEIVABLES> 15686026
<ASSETS-OTHER> 10175233
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 141271785
<PAYABLE-FOR-SECURITIES> 20315555
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 33861794
<TOTAL-LIABILITIES> 54177349
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 84267957
<SHARES-COMMON-STOCK> 3462959
<SHARES-COMMON-PRIOR> 3545149
<ACCUMULATED-NII-CURRENT> (65373)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1355953
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1526978
<NET-ASSETS> 87094436
<DIVIDEND-INCOME> 49
<INTEREST-INCOME> 3631545
<OTHER-INCOME> 0
<EXPENSES-NET> 863369
<NET-INVESTMENT-INCOME> 2768225
<REALIZED-GAINS-CURRENT> 1251712
<APPREC-INCREASE-CURRENT> (54148)
<NET-CHANGE-FROM-OPS> 3973830
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1089665
<DISTRIBUTIONS-OF-GAINS> 478774
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 282539
<NUMBER-OF-SHARES-REDEEMED> 445059
<SHARES-REINVESTED> 80330
<NET-CHANGE-IN-ASSETS> 3897685
<ACCUMULATED-NII-PRIOR> (80961)
<ACCUMULATED-GAINS-PRIOR> 1274370
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 310394
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 888124
<AVERAGE-NET-ASSETS> 85862416
<PER-SHARE-NAV-BEGIN> 9.76
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 0.13
<PER-SHARE-DIVIDEND> 0.26
<PER-SHARE-DISTRIBUTIONS> 0.13
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.76
<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 the North
American Fund Semi-Annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 133
<NAME> STRATEGIC INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 113850114
<INVESTMENTS-AT-VALUE> 115410526
<RECEIVABLES> 15686026
<ASSETS-OTHER> 10175233
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 141271785
<PAYABLE-FOR-SECURITIES> 20315555
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 33861794
<TOTAL-LIABILITIES> 54177349
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 84267957
<SHARES-COMMON-STOCK> 3723849
<SHARES-COMMON-PRIOR> 3349697
<ACCUMULATED-NII-CURRENT> (65373)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1355953
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1526978
<NET-ASSETS> 87094436
<DIVIDEND-INCOME> 49
<INTEREST-INCOME> 3631545
<OTHER-INCOME> 0
<EXPENSES-NET> 863369
<NET-INVESTMENT-INCOME> 2768225
<REALIZED-GAINS-CURRENT> 1251712
<APPREC-INCREASE-CURRENT> (54148)
<NET-CHANGE-FROM-OPS> 3973830
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1102262
<DISTRIBUTIONS-OF-GAINS> 472034
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 602073
<NUMBER-OF-SHARES-REDEEMED> 342959
<SHARES-REINVESTED> 115038
<NET-CHANGE-IN-ASSETS> 3897685
<ACCUMULATED-NII-PRIOR> (80961)
<ACCUMULATED-GAINS-PRIOR> 1274370
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 310394
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 888124
<AVERAGE-NET-ASSETS> 85862416
<PER-SHARE-NAV-BEGIN> 9.76
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 0.13
<PER-SHARE-DIVIDEND> 0.26
<PER-SHARE-DISTRIBUTIONS> 0.13
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.76
<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 the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 141
<NAME> INTERNATIONAL GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 30953214
<INVESTMENTS-AT-VALUE> 34498055
<RECEIVABLES> 15365485
<ASSETS-OTHER> 7560478
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 57424018
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 27151028
<TOTAL-LIABILITIES> 27151028
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27082912
<SHARES-COMMON-STOCK> 378156
<SHARES-COMMON-PRIOR> 412548
<ACCUMULATED-NII-CURRENT> 151126
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (470729)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3507006
<NET-ASSETS> 30272990
<DIVIDEND-INCOME> 231484
<INTEREST-INCOME> 484408
<OTHER-INCOME> 0
<EXPENSES-NET> 338180
<NET-INVESTMENT-INCOME> 377712
<REALIZED-GAINS-CURRENT> (347962)
<APPREC-INCREASE-CURRENT> 4336905
<NET-CHANGE-FROM-OPS> 4336655
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 54479
<DISTRIBUTIONS-OF-GAINS> 387315
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 80928
<NUMBER-OF-SHARES-REDEEMED> 159406
<SHARES-REINVESTED> 44086
<NET-CHANGE-IN-ASSETS> 1017635
<ACCUMULATED-NII-PRIOR> (50193)
<ACCUMULATED-GAINS-PRIOR> 2323494
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 131749
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 349593
<AVERAGE-NET-ASSETS> 29525589
<PER-SHARE-NAV-BEGIN> 10.81
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> 1.40
<PER-SHARE-DIVIDEND> 0.13
<PER-SHARE-DISTRIBUTIONS> 0.90
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.35
<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 the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 142
<NAME> INTERNATIONAL GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 30953214
<INVESTMENTS-AT-VALUE> 34498055
<RECEIVABLES> 15365485
<ASSETS-OTHER> 7560478
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 57424018
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 27151028
<TOTAL-LIABILITIES> 27151028
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27082912
<SHARES-COMMON-STOCK> 1478685
<SHARES-COMMON-PRIOR> 1519184
<ACCUMULATED-NII-CURRENT> 151126
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (470729)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3507006
<NET-ASSETS> 30272990
<DIVIDEND-INCOME> 231484
<INTEREST-INCOME> 484408
<OTHER-INCOME> 0
<EXPENSES-NET> 338180
<NET-INVESTMENT-INCOME> 377712
<REALIZED-GAINS-CURRENT> (347962)
<APPREC-INCREASE-CURRENT> 4336905
<NET-CHANGE-FROM-OPS> 4336655
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 82187
<DISTRIBUTIONS-OF-GAINS> 1343452
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 115546
<NUMBER-OF-SHARES-REDEEMED> 287448
<SHARES-REINVESTED> 131403
<NET-CHANGE-IN-ASSETS> 1017635
<ACCUMULATED-NII-PRIOR> (50193)
<ACCUMULATED-GAINS-PRIOR> 2323494
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 131749
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 349593
<AVERAGE-NET-ASSETS> 29525589
<PER-SHARE-NAV-BEGIN> 10.75
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> 1.38
<PER-SHARE-DIVIDEND> 0.06
<PER-SHARE-DISTRIBUTIONS> 0.90
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.31
<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 the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 143
<NAME> INTERNATIONAL GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 30953214
<INVESTMENTS-AT-VALUE> 34498055
<RECEIVABLES> 15365485
<ASSETS-OTHER> 7560478
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 57424018
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 27151028
<TOTAL-LIABILITIES> 27151028
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27082912
<SHARES-COMMON-STOCK> 816901
<SHARES-COMMON-PRIOR> 786235
<ACCUMULATED-NII-CURRENT> 151126
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (470729)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3507006
<NET-ASSETS> 30272990
<DIVIDEND-INCOME> 231484
<INTEREST-INCOME> 484408
<OTHER-INCOME> 0
<EXPENSES-NET> 338180
<NET-INVESTMENT-INCOME> 377712
<REALIZED-GAINS-CURRENT> (347962)
<APPREC-INCREASE-CURRENT> 4336905
<NET-CHANGE-FROM-OPS> 4336655
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 43380
<DISTRIBUTIONS-OF-GAINS> 715494
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 103486
<NUMBER-OF-SHARES-REDEEMED> 146212
<SHARES-REINVESTED> 73392
<NET-CHANGE-IN-ASSETS> 1017635
<ACCUMULATED-NII-PRIOR> (50193)
<ACCUMULATED-GAINS-PRIOR> 2323494
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 131749
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 349593
<AVERAGE-NET-ASSETS> 29525589
<PER-SHARE-NAV-BEGIN> 10.76
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> 1.39
<PER-SHARE-DIVIDEND> 0.06
<PER-SHARE-DISTRIBUTIONS> 0.90
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.33
<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 the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 151
<NAME> SMALL/MID CAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 31942192
<INVESTMENTS-AT-VALUE> 38290686
<RECEIVABLES> 356039
<ASSETS-OTHER> 37146
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 38695571
<PAYABLE-FOR-SECURITIES> 250303
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2842339
<TOTAL-LIABILITIES> 3092642
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27233125
<SHARES-COMMON-STOCK> 282130
<SHARES-COMMON-PRIOR> 268833
<ACCUMULATED-NII-CURRENT> (236758)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2255986
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6350576
<NET-ASSETS> 35602929
<DIVIDEND-INCOME> 67163
<INTEREST-INCOME> 54744
<OTHER-INCOME> 0
<EXPENSES-NET> 358665
<NET-INVESTMENT-INCOME> (236758)
<REALIZED-GAINS-CURRENT> 2260241
<APPREC-INCREASE-CURRENT> 2280249
<NET-CHANGE-FROM-OPS> 4303732
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 73543
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 92902
<NUMBER-OF-SHARES-REDEEMED> 84116
<SHARES-REINVESTED> 4511
<NET-CHANGE-IN-ASSETS> 6159893
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 481944
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 148828
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 395467
<AVERAGE-NET-ASSETS> 32472204
<PER-SHARE-NAV-BEGIN> 15.51
<PER-SHARE-NII> (0.08)
<PER-SHARE-GAIN-APPREC> 2.15
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.24
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.34
<EXPENSE-RATIO> 1.675
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 152
<NAME> SMALL/MID CAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 31942192
<INVESTMENTS-AT-VALUE> 38290686
<RECEIVABLES> 356039
<ASSETS-OTHER> 37146
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 38695571
<PAYABLE-FOR-SECURITIES> 250303
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2842339
<TOTAL-LIABILITIES> 3092642
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27233125
<SHARES-COMMON-STOCK> 859584
<SHARES-COMMON-PRIOR> 769946
<ACCUMULATED-NII-CURRENT> (236758)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2255986
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6350576
<NET-ASSETS> 35602929
<DIVIDEND-INCOME> 67163
<INTEREST-INCOME> 54744
<OTHER-INCOME> 0
<EXPENSES-NET> 358665
<NET-INVESTMENT-INCOME> (236758)
<REALIZED-GAINS-CURRENT> 2260241
<APPREC-INCREASE-CURRENT> 2280249
<NET-CHANGE-FROM-OPS> 4303732
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 196356
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 152010
<NUMBER-OF-SHARES-REDEEMED> 75794
<SHARES-REINVESTED> 13422
<NET-CHANGE-IN-ASSETS> 6159893
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 481944
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 148828
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 395467
<AVERAGE-NET-ASSETS> 32472204
<PER-SHARE-NAV-BEGIN> 15.33
<PER-SHARE-NII> (0.12)
<PER-SHARE-GAIN-APPREC> 2.10
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.24
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.07
<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 the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 153
<NAME> SMALL/MID CAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 31942192
<INVESTMENTS-AT-VALUE> 38290686
<RECEIVABLES> 356039
<ASSETS-OTHER> 37146
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 38695571
<PAYABLE-FOR-SECURITIES> 250303
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2842339
<TOTAL-LIABILITIES> 3092642
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27233125
<SHARES-COMMON-STOCK> 938675
<SHARES-COMMON-PRIOR> 877701
<ACCUMULATED-NII-CURRENT> (236758)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2255986
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6350576
<NET-ASSETS> 35602929
<DIVIDEND-INCOME> 67163
<INTEREST-INCOME> 54744
<OTHER-INCOME> 0
<EXPENSES-NET> 358665
<NET-INVESTMENT-INCOME> (236758)
<REALIZED-GAINS-CURRENT> 2260241
<APPREC-INCREASE-CURRENT> 2280249
<NET-CHANGE-FROM-OPS> 4303732
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 216300
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 188981
<NUMBER-OF-SHARES-REDEEMED> 141924
<SHARES-REINVESTED> 13917
<NET-CHANGE-IN-ASSETS> 6159893
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 481944
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 148828
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 395467
<AVERAGE-NET-ASSETS> 32472204
<PER-SHARE-NAV-BEGIN> 15.35
<PER-SHARE-NII> (0.12)
<PER-SHARE-GAIN-APPREC> 2.10
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.24
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.09
<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 extacted from the North
American Fund semi-annual report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 161
<NAME> INTERNATIONAL SMALL CAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 17115832
<INVESTMENTS-AT-VALUE> 20574842
<RECEIVABLES> 80683
<ASSETS-OTHER> 219982
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20875507
<PAYABLE-FOR-SECURITIES> 24617
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2781205
<TOTAL-LIABILITIES> 2805822
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14806596
<SHARES-COMMON-STOCK> 150753
<SHARES-COMMON-PRIOR> 232650
<ACCUMULATED-NII-CURRENT> (67509)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (129836)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3459298
<NET-ASSETS> 18069685
<DIVIDEND-INCOME> 64011
<INTEREST-INCOME> 77981
<OTHER-INCOME> 0
<EXPENSES-NET> 211506
<NET-INVESTMENT-INCOME> (69514)
<REALIZED-GAINS-CURRENT> 457612
<APPREC-INCREASE-CURRENT> 2160205
<NET-CHANGE-FROM-OPS> 2548303
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19060
<NUMBER-OF-SHARES-REDEEMED> 100957
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 451214
<ACCUMULATED-NII-PRIOR> 8330
<ACCUMULATED-GAINS-PRIOR> (587448)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 90871
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 235480
<AVERAGE-NET-ASSETS> 17446485
<PER-SHARE-NAV-BEGIN> 13.86
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 2.26
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.12
<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 extacted from the North
American Fund semi-annual report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 162
<NAME> INTERNATIONAL SMALL CAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 17115832
<INVESTMENTS-AT-VALUE> 20574842
<RECEIVABLES> 80683
<ASSETS-OTHER> 219982
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20875507
<PAYABLE-FOR-SECURITIES> 24617
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2781205
<TOTAL-LIABILITIES> 2805822
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14806596
<SHARES-COMMON-STOCK> 512144
<SHARES-COMMON-PRIOR> 537569
<ACCUMULATED-NII-CURRENT> (67509)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (129836)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3459298
<NET-ASSETS> 18069685
<DIVIDEND-INCOME> 64011
<INTEREST-INCOME> 77981
<OTHER-INCOME> 0
<EXPENSES-NET> 211506
<NET-INVESTMENT-INCOME> (69514)
<REALIZED-GAINS-CURRENT> 457612
<APPREC-INCREASE-CURRENT> 2160205
<NET-CHANGE-FROM-OPS> 2548303
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 65716
<NUMBER-OF-SHARES-REDEEMED> 25425
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 451214
<ACCUMULATED-NII-PRIOR> 8330
<ACCUMULATED-GAINS-PRIOR> (587448)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 90871
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 235480
<AVERAGE-NET-ASSETS> 17446485
<PER-SHARE-NAV-BEGIN> 13.71
<PER-SHARE-NII> (0.07)
<PER-SHARE-GAIN-APPREC> 2.24
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.88
<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 extacted from the North
American Fund semi-annual report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 163
<NAME> INTERNATIONAL SMALL CAP FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 17115832
<INVESTMENTS-AT-VALUE> 20574842
<RECEIVABLES> 80683
<ASSETS-OTHER> 219982
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20875507
<PAYABLE-FOR-SECURITIES> 24617
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2781205
<TOTAL-LIABILITIES> 2805822
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14806596
<SHARES-COMMON-STOCK> 472330
<SHARES-COMMON-PRIOR> 512483
<ACCUMULATED-NII-CURRENT> (67509)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (129836)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3459298
<NET-ASSETS> 18069685
<DIVIDEND-INCOME> 64011
<INTEREST-INCOME> 77981
<OTHER-INCOME> 0
<EXPENSES-NET> 211506
<NET-INVESTMENT-INCOME> (69514)
<REALIZED-GAINS-CURRENT> 457612
<APPREC-INCREASE-CURRENT> 2160205
<NET-CHANGE-FROM-OPS> 2548303
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 52797
<NUMBER-OF-SHARES-REDEEMED> 92950
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 451214
<ACCUMULATED-NII-PRIOR> 8330
<ACCUMULATED-GAINS-PRIOR> (587448)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 90871
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 235480
<AVERAGE-NET-ASSETS> 17446485
<PER-SHARE-NAV-BEGIN> 13.71
<PER-SHARE-NII> (0.07)
<PER-SHARE-GAIN-APPREC> 2.25
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.89
<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 the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 171
<NAME> GROWTH EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 27702916
<INVESTMENTS-AT-VALUE> 33001291
<RECEIVABLES> 274280
<ASSETS-OTHER> 33046150
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33320430
<PAYABLE-FOR-SECURITIES> 372108
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2616113
<TOTAL-LIABILITIES> 2988221
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23593939
<SHARES-COMMON-STOCK> 213051
<SHARES-COMMON-PRIOR> 179467
<ACCUMULATED-NII-CURRENT> (106767)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1545136
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5298238
<NET-ASSETS> 30332209
<DIVIDEND-INCOME> 112633
<INTEREST-INCOME> 81933
<OTHER-INCOME> 0
<EXPENSES-NET> 301920
<NET-INVESTMENT-INCOME> (107354)
<REALIZED-GAINS-CURRENT> 1584816
<APPREC-INCREASE-CURRENT> 3117087
<NET-CHANGE-FROM-OPS> 4594570
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 262993
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 39523
<NUMBER-OF-SHARES-REDEEMED> 22417
<SHARES-REINVESTED> 16478
<NET-CHANGE-IN-ASSETS> 5472285
<ACCUMULATED-NII-PRIOR> 87652
<ACCUMULATED-GAINS-PRIOR> 2126767
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 122468
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 332910
<AVERAGE-NET-ASSETS> 27477649
<PER-SHARE-NAV-BEGIN> 17.01
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 2.62
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 1.16
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.42
<EXPENSE-RATIO> 1.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 172
<NAME> GROWTH EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 27702916
<INVESTMENTS-AT-VALUE> 33001291
<RECEIVABLES> 274280
<ASSETS-OTHER> 33046150
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33320430
<PAYABLE-FOR-SECURITIES> 372108
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2616113
<TOTAL-LIABILITIES> 2988221
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23593939
<SHARES-COMMON-STOCK> 621522
<SHARES-COMMON-PRIOR> 534959
<ACCUMULATED-NII-CURRENT> (106767)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1545136
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5298238
<NET-ASSETS> 30332209
<DIVIDEND-INCOME> 112633
<INTEREST-INCOME> 81933
<OTHER-INCOME> 0
<EXPENSES-NET> 301920
<NET-INVESTMENT-INCOME> (107354)
<REALIZED-GAINS-CURRENT> 1584816
<APPREC-INCREASE-CURRENT> 3117087
<NET-CHANGE-FROM-OPS> 4594570
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 813173
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 139616
<NUMBER-OF-SHARES-REDEEMED> 100990
<SHARES-REINVESTED> 47937
<NET-CHANGE-IN-ASSETS> 5472285
<ACCUMULATED-NII-PRIOR> 87652
<ACCUMULATED-GAINS-PRIOR> 2126767
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 122468
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 332910
<AVERAGE-NET-ASSETS> 27477649
<PER-SHARE-NAV-BEGIN> 16.90
<PER-SHARE-NII> (0.08)
<PER-SHARE-GAIN-APPREC> 2.58
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 1.16
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.24
<EXPENSE-RATIO> 2.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 173
<NAME> GROWTH EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 27702916
<INVESTMENTS-AT-VALUE> 33001291
<RECEIVABLES> 274280
<ASSETS-OTHER> 33046150
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33320430
<PAYABLE-FOR-SECURITIES> 372108
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2616113
<TOTAL-LIABILITIES> 2988221
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23593939
<SHARES-COMMON-STOCK> 826966
<SHARES-COMMON-PRIOR> 755894
<ACCUMULATED-NII-CURRENT> (106767)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1545136
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5298238
<NET-ASSETS> 30332209
<DIVIDEND-INCOME> 112633
<INTEREST-INCOME> 81933
<OTHER-INCOME> 0
<EXPENSES-NET> 301920
<NET-INVESTMENT-INCOME> (107354)
<REALIZED-GAINS-CURRENT> 1584816
<APPREC-INCREASE-CURRENT> 3117087
<NET-CHANGE-FROM-OPS> 4594570
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 1090302
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 107675
<NUMBER-OF-SHARES-REDEEMED> 105873
<SHARES-REINVESTED> 69270
<NET-CHANGE-IN-ASSETS> 5472285
<ACCUMULATED-NII-PRIOR> 87652
<ACCUMULATED-GAINS-PRIOR> 2126767
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 122468
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 332910
<AVERAGE-NET-ASSETS> 27477649
<PER-SHARE-NAV-BEGIN> 16.89
<PER-SHARE-NII> (0.08)
<PER-SHARE-GAIN-APPREC> 2.57
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 1.16
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.22
<EXPENSE-RATIO> 2.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 181
<NAME> TAX-SENSITIVE EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 2436715
<INVESTMENTS-AT-VALUE> 2479418
<RECEIVABLES> 114909
<ASSETS-OTHER> 4283
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2598610
<PAYABLE-FOR-SECURITIES> 192175
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5653
<TOTAL-LIABILITIES> 197828
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2373644
<SHARES-COMMON-STOCK> 92029
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (1607)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (14177)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 42922
<NET-ASSETS> 2400782
<DIVIDEND-INCOME> 1617
<INTEREST-INCOME> 1030
<OTHER-INCOME> 0
<EXPENSES-NET> 4254
<NET-INVESTMENT-INCOME> (1607)
<REALIZED-GAINS-CURRENT> (14177)
<APPREC-INCREASE-CURRENT> 42704
<NET-CHANGE-FROM-OPS> 26920
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 114765
<NUMBER-OF-SHARES-REDEEMED> 22736
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2400782
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1945
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 12442
<AVERAGE-NET-ASSETS> 477189
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 1.03
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.02
<EXPENSE-RATIO> 1.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 182
<NAME> TAX-SENSITIVE EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 2436715
<INVESTMENTS-AT-VALUE> 2479418
<RECEIVABLES> 114909
<ASSETS-OTHER> 4283
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2598610
<PAYABLE-FOR-SECURITIES> 192175
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5653
<TOTAL-LIABILITIES> 197828
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2373644
<SHARES-COMMON-STOCK> 95936
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (1607)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (14177)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 42922
<NET-ASSETS> 2400782
<DIVIDEND-INCOME> 1617
<INTEREST-INCOME> 1030
<OTHER-INCOME> 0
<EXPENSES-NET> 4254
<NET-INVESTMENT-INCOME> (1607)
<REALIZED-GAINS-CURRENT> (14177)
<APPREC-INCREASE-CURRENT> 42704
<NET-CHANGE-FROM-OPS> 26920
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 95936
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2400782
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1945
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 12442
<AVERAGE-NET-ASSETS> 477189
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 1.03
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.02
<EXPENSE-RATIO> 2.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 183
<NAME> TAX-SENSITIVE EQUITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 2436715
<INVESTMENTS-AT-VALUE> 2479418
<RECEIVABLES> 114909
<ASSETS-OTHER> 4283
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2598610
<PAYABLE-FOR-SECURITIES> 192175
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5653
<TOTAL-LIABILITIES> 197828
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2373644
<SHARES-COMMON-STOCK> 29928
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (1607)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (14177)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 42922
<NET-ASSETS> 2400782
<DIVIDEND-INCOME> 1617
<INTEREST-INCOME> 1030
<OTHER-INCOME> 0
<EXPENSES-NET> 4254
<NET-INVESTMENT-INCOME> (1607)
<REALIZED-GAINS-CURRENT> (14177)
<APPREC-INCREASE-CURRENT> 42704
<NET-CHANGE-FROM-OPS> 26920
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 29928
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2400782
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1945
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 12442
<AVERAGE-NET-ASSETS> 477189
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 1.03
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.02
<EXPENSE-RATIO> 2.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 191
<NAME> EMERGING GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 237837
<INVESTMENTS-AT-VALUE> 260884
<RECEIVABLES> 8183
<ASSETS-OTHER> 72937
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 342004
<PAYABLE-FOR-SECURITIES> 9508
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3728
<TOTAL-LIABILITIES> 13236
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 308294
<SHARES-COMMON-STOCK> 11267
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (683)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1919)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23047
<NET-ASSETS> 328768
<DIVIDEND-INCOME> 43
<INTEREST-INCOME> 331
<OTHER-INCOME> 0
<EXPENSES-NET> 1057
<NET-INVESTMENT-INCOME> (683)
<REALIZED-GAINS-CURRENT> (1919)
<APPREC-INCREASE-CURRENT> 23047
<NET-CHANGE-FROM-OPS> 20445
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16025
<NUMBER-OF-SHARES-REDEEMED> 4758
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 328768
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 516
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9723
<AVERAGE-NET-ASSETS> 11278
<PER-SHARE-NAV-BEGIN> 10
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 1.30
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.27
<EXPENSE-RATIO> 1.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 192
<NAME> EMERGING GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 237837
<INVESTMENTS-AT-VALUE> 260884
<RECEIVABLES> 8183
<ASSETS-OTHER> 72937
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 342004
<PAYABLE-FOR-SECURITIES> 9508
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3728
<TOTAL-LIABILITIES> 13236
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 308294
<SHARES-COMMON-STOCK> 6237
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (683)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1919)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23047
<NET-ASSETS> 328768
<DIVIDEND-INCOME> 43
<INTEREST-INCOME> 331
<OTHER-INCOME> 0
<EXPENSES-NET> 1057
<NET-INVESTMENT-INCOME> (683)
<REALIZED-GAINS-CURRENT> (1919)
<APPREC-INCREASE-CURRENT> 23047
<NET-CHANGE-FROM-OPS> 20445
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6237
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 328768
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 516
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9723
<AVERAGE-NET-ASSETS> 11278
<PER-SHARE-NAV-BEGIN> 10
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 1.30
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.27
<EXPENSE-RATIO> 2.35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the North
American Fund Semi-annual Report dated April 30, 1998, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000848103
<NAME> NORTH AMERICAN FUND
<SERIES>
<NUMBER> 193
<NAME> EMERGING GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 237837
<INVESTMENTS-AT-VALUE> 260884
<RECEIVABLES> 8183
<ASSETS-OTHER> 72937
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 342004
<PAYABLE-FOR-SECURITIES> 9508
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3728
<TOTAL-LIABILITIES> 13236
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 308294
<SHARES-COMMON-STOCK> 11671
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (683)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1919)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23047
<NET-ASSETS> 328768
<DIVIDEND-INCOME> 43
<INTEREST-INCOME> 331
<OTHER-INCOME> 0
<EXPENSES-NET> 1057
<NET-INVESTMENT-INCOME> (683)
<REALIZED-GAINS-CURRENT> (1919)
<APPREC-INCREASE-CURRENT> 23047
<NET-CHANGE-FROM-OPS> 20445
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11671
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 328768
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 516
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9723
<AVERAGE-NET-ASSETS> 11278
<PER-SHARE-NAV-BEGIN> 10
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 1.30
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.27
<EXPENSE-RATIO> 2.35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
