EXPEDITION FUNDS
NSAR-B, 1999-12-28
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<PAGE>      PAGE  1
000 B000000 10/31/1999
000 C000000 0000854850
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 EXPEDITION FUNDS
001 B000000 811-5900
001 C000000 6109896343
002 A000000 530 E. SWEDESFORD RD.
002 B000000 WAYNE
002 C000000 PA
002 D010000 19087
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
020 A000001 DONALDSON,LUFKIN & JENRETTE
020 B000001 13-1898818
020 C000001    161
020 A000002 CAPITAL INSTITUTIONAL SERVICES
020 B000002 75-1565705
020 C000002    131
020 A000003 BOSTON INSTITUTIONAL SERVICES
020 B000003 04-2479358
020 C000003    129
020 A000004 PRUDENTIAL SECURTIES
020 B000004 22-2347336
020 C000004     80
020 A000005 MORGAN STANLEY
020 B000005 13-2655998
020 C000005     48
020 A000006 WEISS PECK & GREER
020 C000006     47
020 A000007 MERRILL LYNCH
020 B000007 13-5674085
020 C000007     17
020 A000008 CANTOR FITZGERALD
020 B000008 13-3680184
020 C000008     15
020 A000009 BEAR STEARNS
020 B000009 13-2975144
020 C000009     11
020 A000010 MORGAN KEEGAN
020 B000010 64-0474907
020 C000010      6
<PAGE>      PAGE  2
021  000000      647
022 A000001 JP MORGAN
022 B000001 13-3224016
022 C000001   7945712
022 D000001     45700
022 A000002 MERRILL LYNCH
022 B000002 13-5674085
022 C000002    271570
022 D000002     22705
022 A000003 FIRST CHICAGO
022 B000003 36-0899825
022 C000003    228882
022 D000003     17230
022 A000004 BANK OF AMERICA
022 C000004    216626
022 D000004      6404
022 A000005 MORGAN STANLEY
022 B000005 13-2655998
022 C000005    211858
022 D000005     10806
022 A000006 GOLDMAN SACHS
022 B000006 13-5108880
022 C000006    166171
022 D000006     13387
022 A000007 NATIONS BANK MONTGOMERY SECURITIES
022 C000007    124339
022 D000007      4979
022 A000008 NATIONS BANK OF GA
022 C000008    106188
022 D000008      1516
022 A000009 PIPER JAFFREY
022 B000009 41-0953626
022 C000009     62570
022 D000009     44966
022 A000010 ZIONS
022 C000010     79617
022 D000010      6955
023 C000000   10130556
023 D000000     401561
026 A000000 N
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026 C000000 N
026 D000000 N
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
077 A000000 N
080 A00AA00 CONTINENTAL CASUALTY COMPANY
<PAGE>      PAGE  3
080 B00AA00 RELIANCE INSURANCE COMPANY
080 C00AA00    53000
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025 C000203 D
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<PAGE>      PAGE  4
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044  000200      0
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047  000200 Y
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048 B010200        0
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048 I020200 0.000
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048 K010200        0
048 K020200 0.000
<PAGE>      PAGE  5
049  000200 N
050  000200 N
051  000200 N
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062 O000200   0.0
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<PAGE>      PAGE  6
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074 V020200     1.00
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075 A000200   303646
075 B000200        0
076  000200     0.00
025 A000401 MORGAN STANLEY
<PAGE>      PAGE  7
025 B000401 13-2655998
025 C000401 D
025 D000401     954
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030 B000400  4.00
030 C000400  0.00
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 N
062 A000400 Y
062 B000400   0.0
062 C000400   0.0
062 D000400   4.4
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
<PAGE>      PAGE  8
062 K000400   0.0
062 L000400   0.0
062 M000400  51.3
062 N000400  16.3
062 O000400   0.0
062 P000400  21.4
062 Q000400   6.6
062 R000400   0.0
063 A000400   0
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064 A000400 Y
064 B000400 N
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071 B000400     47094
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071 D000400   38
072 A000400 12
072 B000400     6462
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072 J000400       22
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072 M000400        5
072 N000400      -56
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072DD010400     5446
072DD020400        3
072EE000400        0
073 A010400   0.5078
073 A020400   0.5351
<PAGE>      PAGE  9
073 B000400   0.0000
073 C000400   0.6334
074 A000400      377
074 B000400     4654
074 C000400        0
074 D000400   100519
074 E000400        0
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        0
074 L000400        0
074 M000400     1388
074 N000400   106938
074 O000400        0
074 P000400        0
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074 R010400        0
074 R020400        0
074 R030400        0
074 R040400      556
074 S000400        0
074 T000400   106382
074 U010400 10252185
074 U020400   755172
074 V010400     9.65
074 V020400     9.64
074 W000400   0.0000
074 X000400      639
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075 A000400        0
075 B000400   109513
076  000400     0.00
024  000500 Y
025 A000501 JP MORGAN
025 B000501 13-3224016
025 C000501 E
025 D000501   10470
025 D000502       0
025 D000503       0
025 D000504       0
025 D000505       0
025 D000506       0
025 D000507       0
025 D000508       0
028 A010500      3488
028 A020500         0
028 A030500         0
028 A040500      4022
<PAGE>      PAGE  10
028 B010500      8983
028 B020500         0
028 B030500         0
028 B040500      3951
028 C010500      6223
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028 C030500         0
028 C040500      3455
028 D010500      4779
028 D020500         0
028 D030500         0
028 D040500      7448
028 E010500      5076
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028 E030500         0
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028 F010500      7519
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028 G040500     24552
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070 A010500 Y
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070 B020500 N
<PAGE>      PAGE  11
070 C010500 Y
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070 D010500 Y
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070 E010500 Y
070 E020500 N
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070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
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070 P020500 N
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070 Q020500 N
070 R010500 N
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071 A000500    309936
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
074 Y000500        0
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076  000500     0.00
024  000600 N
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062 H000600   0.0
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<PAGE>      PAGE  14
062 J000600   0.0
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062 O000600 101.6
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<PAGE>      PAGE  15
073 A020600   0.2980
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074 U020600 59895185
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SIGNATURE   BOB DELLACROCE
TITLE       CONTROLLER



<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000854850
<NAME> EXPEDITION MONEY MARKET FUND
<SERIES>
   <NUMBER> 020
   <NAME> MONEY MARKET INVESTMENT CLASS
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
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<PERIOD-START>                             NOV-01-1998
<PERIOD-END>                               OCT-31-1999
<INVESTMENTS-AT-COST>                           317229
<INVESTMENTS-AT-VALUE>                          317186
<RECEIVABLES>                                     1380
<ASSETS-OTHER>                                       0
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<TOTAL-ASSETS>                                  318702
<PAYABLE-FOR-SECURITIES>                          1473
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                               1473
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        317258
<SHARES-COMMON-STOCK>                           186463
<SHARES-COMMON-PRIOR>                           142910
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              1
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    317229
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                15651
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (1756)
<NET-INVESTMENT-INCOME>                          13895
<REALIZED-GAINS-CURRENT>                           (2)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            13893
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (8050)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         637445
<NUMBER-OF-SHARES-REDEEMED>                   (595247)
<SHARES-REINVESTED>                               1324
<NET-CHANGE-IN-ASSETS>                           43521
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            3
<OVERDISTRIB-NII-PRIOR>                            (1)
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   2534
<AVERAGE-NET-ASSETS>                            303646
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.05)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.68


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000854850
<NAME> EXPEDITION MONEY MARKET FUND
<SERIES>
   <NUMBER> 021
   <NAME> MONEY MARKET INSTITUTIONAL CLASS
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-START>                             NOV-01-1998
<PERIOD-END>                               OCT-31-1999
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<INVESTMENTS-AT-VALUE>                          317186
<RECEIVABLES>                                     1380
<ASSETS-OTHER>                                       0
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<TOTAL-ASSETS>                                  318702
<PAYABLE-FOR-SECURITIES>                          1473
<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        317258
<SHARES-COMMON-STOCK>                           130796
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<NUMBER-OF-SHARES-SOLD>                         507343
<NUMBER-OF-SHARES-REDEEMED>                   (479528)
<SHARES-REINVESTED>                                284
<NET-CHANGE-IN-ASSETS>                           28099
<ACCUMULATED-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.05
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<PER-SHARE-DIVIDEND>                            (0.05)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .43


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000854850
<NAME> EXPEDITION FUND
<SERIES>
   <NUMBER> 040
   <NAME> EXPEDITION BOND FUND CLASS 1
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                           OCT-3-1999
<PERIOD-START>                             NOV-01-1998
<PERIOD-END>                               OCT-31-1999
<INVESTMENTS-AT-COST>                           106382
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<EXPENSES-NET>                                  (1005)
<NET-INVESTMENT-INCOME>                           5457
<REALIZED-GAINS-CURRENT>                          (60)
<APPREC-INCREASE-CURRENT>                       (5573)
<NET-CHANGE-FROM-OPS>                            (176)
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<NUMBER-OF-SHARES-SOLD>                          18496
<NUMBER-OF-SHARES-REDEEMED>                    (22452)
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<NET-CHANGE-IN-ASSETS>                          (6064)
<ACCUMULATED-NII-PRIOR>                              0
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<OVERDISTRIB-NII-PRIOR>                            (8)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.65
<EXPENSE-RATIO>                                   0.90


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000854850
<NAME> EXPEDITION BOND FUND
<SERIES>
   <NUMBER> 041
   <NAME> EXPEDTION BOND FUND CLASS 2
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-START>                             NOV-01-1998
<PERIOD-END>                               OCT-31-1999
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<REALIZED-GAINS-CURRENT>                          (60)
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<DISTRIBUTIONS-OF-INCOME>                        (416)
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<NUMBER-OF-SHARES-SOLD>                            353
<NUMBER-OF-SHARES-REDEEMED>                     (3221)
<SHARES-REINVESTED>                                265
<NET-CHANGE-IN-ASSETS>                          (3067)
<ACCUMULATED-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                            10.15
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<PER-SHARE-NAV-END>                               9.64
<EXPENSE-RATIO>                                   1.15


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000854850
<NAME> EXPEDITION BOND FUND
<SERIES>
   <NUMBER> 042
   <NAME> EXPEDITION BOND FUND CLASS 3
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-START>                             NOV-01-1999
<PERIOD-END>                               OCT-31-1999
<INVESTMENTS-AT-COST>                           106382
<INVESTMENTS-AT-VALUE>                          105173
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<ASSETS-OTHER>                                       0
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<PER-SHARE-NAV-END>                               9.64
<EXPENSE-RATIO>                                   1.90


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000854850
<NAME> EXPEDITION EQUITY FUND
<SERIES>
   <NUMBER> 050
   <NAME> EXPEDITION EQUITY FUND CLASS 1
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-START>                             NOV-01-1998
<PERIOD-END>                               OCT-31-1999
<INVESTMENTS-AT-COST>                           376088
<INVESTMENTS-AT-VALUE>                          384296
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<OVERDISTRIB-NII-PRIOR>                           (33)
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<PER-SHARE-NAV-BEGIN>                            10.55
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.09
<EXPENSE-RATIO>                                   1.05


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000854850
<NAME> EXPEDITION EQUITY FUND
<SERIES>
   <NUMBER> 051
   <NAME> EXPEDITION EQUITY FUND CLASS 2
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-START>                             NOV-01-1998
<PERIOD-END>                               OCT-01-1999
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.06
<EXPENSE-RATIO>                                   1.30


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000854850
<NAME> EXPEDITION EQUITY FUND
<SERIES>
   <NUMBER> 052
   <NAME> EXPEDITION EQUITY FUND CLASS 3
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-START>                             NOV-01-1998
<PERIOD-END>                               OCT-31-1999
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<NUMBER-OF-SHARES-REDEEMED>                      (239)
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<OVERDISTRIB-NII-PRIOR>                           (33)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.96
<EXPENSE-RATIO>                                   2.13


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000854850
<NAME> EXPEDITION TAX FREE MONEY MARKET FUND
<SERIES>
   <NUMBER> 060
   <NAME> TAX FREE MONEY MARKET CLASS 1
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-START>                             NOV-01-1998
<PERIOD-END>                               OCT-31-1999
<INVESTMENTS-AT-COST>                            88763
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<PAID-IN-CAPITAL-COMMON>                         88770
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<DIVIDEND-INCOME>                                    0
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.43


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000854850
<NAME> EXPEDITION TAX FREE MONEY MARKET FUND
<SERIES>
   <NUMBER> 061
   <NAME> TAX FREE MONEY MARKET CLASS 2
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-START>                             NOV-01-1998
<PERIOD-END>                               OCT-31-1999
<INVESTMENTS-AT-COST>                            88763
<INVESTMENTS-AT-VALUE>                           90508
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<ASSETS-OTHER>                                    (48)
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<PAID-IN-CAPITAL-COMMON>                         88770
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<SHARES-COMMON-PRIOR>                            64542
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<REALIZED-GAINS-CURRENT>                           (7)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                             2057
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (1598)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         158834
<NUMBER-OF-SHARES-REDEEMED>                   (163495)
<SHARES-REINVESTED>                                 14
<NET-CHANGE-IN-ASSETS>                          (4653)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              146
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    507
<AVERAGE-NET-ASSETS>                             73690
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.03)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.68


</TABLE>

INDEPENDENT AUDITOR'S REPORT

The Board of Trustees and Shareholders of
Expedition Funds :

We have audited the accompanying statements of net assets
of Expedition Funds (the "Funds"), including the Equity
Fund, Bond Fund, Money Market Fund, and Tax-Free Money
Market Fund as of October 31, 1999, and the related
statements of operations, statements of changes in net
assets and financial highlights for the periods presented.
 These financial statements and the financial highlights
are
 the responsibility of the Funds' management.  Our
responsibility is to express an opinion on these financial
 statements and the financial highlights based on our
audits.

We conducted our audits in accordance with generally
accepted
 auditing standards.  Those standards require that we plan
and
perform the audit to obtain reasonable assurance about
whether
the financial statements and the financial highlights are
free
of material misstatement.  An audit includes examining,
on a
test basis, evidence supporting the amounts and disclosures
 in
the financial statements.  Our procedures included
confirmation
 of securities owned as of October 31, 1999 by
correspondence
 with the custodians and brokers, and where replies were
not received, we performed other auditing procedures.  An
 audit also includes assessing the accounting principles
used
and significant estimates made by management, as well as
evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for
our opinion.

In our opinion, such financial statements and financial
highlights present fairly, in all material respects, the
financial position of  the Funds as of October  31, 1999,
 the results of their operations, the changes in their net
 assets, and the financial highlights for the respective
stated periods, in conformity with generally accepted
accounting principles.



Deloitte & Touche LLP
Princeton, New Jersey
December 7, 1999




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