EQUIFUND WRIGHT NATIONAL FIDUCIARY EQUITY FUNDS
NSAR-B, 1995-02-24
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<PAGE>      PAGE  1
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007 C010200  2
007 C020200 ITALIAN NATIONAL FIDUCIARY EQUITY FUND
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008 A00AA01 WRIGHT INVESTORS' SERVICE
<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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SIGNATURE   WILLIAM J.AUSTIN, JR.                        
TITLE       ASST. TREASURER     
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> EQUIFUND-WRIGHT NATIONAL FIDUCIARY EQUITY FUNDS
<SERIES>
   <NUMBER> 1
   <NAME> DUTCH NATIONAL FIDUCIARY EQUITY FUND
       
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000853255
<NAME> EQUIFUND-WRIGHT NATIONAL FIDUCIARY EQUITY FUNDS
<SERIES>
   <NUMBER> 2
   <NAME> ITALIAN NATIONAL FIDUCIARY EQUITY FUND
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> EQUIFUND-WRIGHT NATIONAL FIDUCIARY EQUITY FUNDS
<SERIES>
   <NUMBER> 3
   <NAME> HONG KONG NATIONAL FIDUCIARY EQUITY FUND
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> EQUIFUND-WRIGHT NATIONAL FIDUCIARY EQUITY FUNDS
<SERIES>
   <NUMBER> 4
   <NAME> SPANISH NATIONAL FIDUCIARY EQUITY FUND
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> EQUIFUND-WRIGHT NATIONAL FIDUCIARY EQUITY FUNDS
<SERIES>
   <NUMBER> 5
   <NAME> BELGIAN/LUXEMBOURG NATIONAL FIDUCIARY EQUITY FUND
       
<S>                             <C>
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<APPREC-INCREASE-CURRENT>                      135,933
<NET-CHANGE-FROM-OPS>                          117,778
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (42,100)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,364,481
<NUMBER-OF-SHARES-REDEEMED>                    251,253
<SHARES-REINVESTED>                              4,191
<NET-CHANGE-IN-ASSETS>                      11,436,835
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           55,703
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                120,546
<AVERAGE-NET-ASSETS>                           865,391
<PER-SHARE-NAV-BEGIN>                           10.000
<PER-SHARE-NII>                                   .106
<PER-SHARE-GAIN-APPREC>                           .174
<PER-SHARE-DIVIDEND>                            (.040)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             10.240
<EXPENSE-RATIO>                                   1.62
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> EQUIFUND-WRIGHT NATIONAL FIDUCIARY EQUITY FUNDS
<SERIES>
   <NUMBER> 6
   <NAME> JAPANESE NATIONAL FIDUCIARY EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                        8,339,140
<INVESTMENTS-AT-VALUE>                       7,905,764
<RECEIVABLES>                                  223,393
<ASSETS-OTHER>                                   7,653
<OTHER-ITEMS-ASSETS>                           607,750
<TOTAL-ASSETS>                               8,744,560
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       91,752
<TOTAL-LIABILITIES>                             91,752
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     9,099,736
<SHARES-COMMON-STOCK>                          896,087
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                     (43,701)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         30,125
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (433,352)
<NET-ASSETS>                                 8,652,808
<DIVIDEND-INCOME>                               89,618
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                (10,803)
<EXPENSES-NET>                                 123,486
<NET-INVESTMENT-INCOME>                       (44,671)
<REALIZED-GAINS-CURRENT>                       131,722
<APPREC-INCREASE-CURRENT>                    (433,352)
<NET-CHANGE-FROM-OPS>                        (346,301)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (101,597)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,759,740
<NUMBER-OF-SHARES-REDEEMED>                    874,304
<SHARES-REINVESTED>                             10,651
<NET-CHANGE-IN-ASSETS>                       8,652,808
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           50,253
<INTEREST-EXPENSE>                                 831
<GROSS-EXPENSE>                                123,486
<AVERAGE-NET-ASSETS>                         7,801,314
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                 (.050)
<PER-SHARE-GAIN-APPREC>                         (.170)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (.120)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              9.660
<EXPENSE-RATIO>                                   1.83
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> EQUIFUND-WRIGHT NATIONAL FIDUCIARY EQUITY FUNDS
<SERIES>
   <NUMBER> 7
   <NAME> NORDIC NATIONAL FIDUCIARY EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                        8,551,202
<INVESTMENTS-AT-VALUE>                       8,499,721
<RECEIVABLES>                                    4,659
<ASSETS-OTHER>                                   7,653
<OTHER-ITEMS-ASSETS>                           229,340
<TOTAL-ASSETS>                               8,741,283
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       29,385
<TOTAL-LIABILITIES>                             29,385
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     9,109,374
<SHARES-COMMON-STOCK>                          916,966
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                     (10,704)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (335,727)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (51,045)
<NET-ASSETS>                                 8,711,898
<DIVIDEND-INCOME>                              111,236
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                (15,007)
<EXPENSES-NET>                                 119,729
<NET-INVESTMENT-INCOME>                       (23,500)
<REALIZED-GAINS-CURRENT>                      (17,297)
<APPREC-INCREASE-CURRENT>                     (51,045)
<NET-CHANGE-FROM-OPS>                         (91,842)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (318,429)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,290,707
<NUMBER-OF-SHARES-REDEEMED>                    408,510
<SHARES-REINVESTED>                             34,769
<NET-CHANGE-IN-ASSETS>                       8,711,898
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           50,321
<INTEREST-EXPENSE>                                 235
<GROSS-EXPENSE>                                119,729
<AVERAGE-NET-ASSETS>                         7,844,433
<PER-SHARE-NAV-BEGIN>                           10.000
<PER-SHARE-NII>                                 (.012)
<PER-SHARE-GAIN-APPREC>                         (.118)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (.370)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              9.500
<EXPENSE-RATIO>                                   1.78
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> EQUIFUND-WRIGHT NATIONAL FIDUCIARY EQUITY FUNDS
<SERIES>
   <NUMBER> 8
   <NAME> SWISS NATIONAL FIDUCIARY EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                        3,792,486
<INVESTMENTS-AT-VALUE>                       3,704,792
<RECEIVABLES>                                   24,218
<ASSETS-OTHER>                                   8,886
<OTHER-ITEMS-ASSETS>                           105,986
<TOTAL-ASSETS>                               3,843,882
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       31,347
<TOTAL-LIABILITIES>                             31,347
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     4,141,912
<SHARES-COMMON-STOCK>                          404,156
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        9,970
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (252,712)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      (86,635)
<NET-ASSETS>                                 3,812,535
<DIVIDEND-INCOME>                              148,129
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                (22,825)
<EXPENSES-NET>                                 100,689
<NET-INVESTMENT-INCOME>                         24,615
<REALIZED-GAINS-CURRENT>                     (339,347)
<APPREC-INCREASE-CURRENT>                     (86,635)
<NET-CHANGE-FROM-OPS>                        (314,732)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (20,218)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        940,681
<NUMBER-OF-SHARES-REDEEMED>                    538,689
<SHARES-REINVESTED>                              2,164
<NET-CHANGE-IN-ASSETS>                       3,812,535
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           37,757
<INTEREST-EXPENSE>                                 924
<GROSS-EXPENSE>                                104,714
<AVERAGE-NET-ASSETS>                         5,811,861
<PER-SHARE-NAV-BEGIN>                           10.000
<PER-SHARE-NII>                                   .075
<PER-SHARE-GAIN-APPREC>                         (.595)
<PER-SHARE-DIVIDEND>                            (.050)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              9.430
<EXPENSE-RATIO>                                   2.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000853255
<NAME> EQUIFUND-WRIGHT NATIONAL FIDUCIARY EQUITY FUNDS
<SERIES>
   <NUMBER> 9
   <NAME> MEXICO NATIONAL FIDUCIARY EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                       17,854,850
<INVESTMENTS-AT-VALUE>                      11,377,673
<RECEIVABLES>                                  691,298
<ASSETS-OTHER>                                  15,749
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<TOTAL-ASSETS>                              13,490,536
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       68,190
<TOTAL-LIABILITIES>                             68,190
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    19,915,264
<SHARES-COMMON-STOCK>                        2,072,096
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                     (83,369)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         67,673
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (6,477,222)
<NET-ASSETS>                                13,422,346
<DIVIDEND-INCOME>                               33,565
<INTEREST-INCOME>                                    0
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<EXPENSES-NET>                                 116,934
<NET-INVESTMENT-INCOME>                       (83,369)
<REALIZED-GAINS-CURRENT>                       939,626
<APPREC-INCREASE-CURRENT>                  (6,477,222)
<NET-CHANGE-FROM-OPS>                      (5,620,965)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     (871,953)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,304,755
<NUMBER-OF-SHARES-REDEEMED>                  1,345,733
<SHARES-REINVESTED>                            113,074
<NET-CHANGE-IN-ASSETS>                      13,422,346
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           63,619
<INTEREST-EXPENSE>                               8,662
<GROSS-EXPENSE>                                116,934
<AVERAGE-NET-ASSETS>                        19,468,048
<PER-SHARE-NAV-BEGIN>                           10.000
<PER-SHARE-NII>                                 (.040)
<PER-SHARE-GAIN-APPREC>                        (2.970)
<PER-SHARE-DIVIDEND>                            (.510)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               6.48
<EXPENSE-RATIO>                                   1.38
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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