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SIGNATURE BARBARA MISTARAS
TITLE ADMIN. ASSISTANT
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
PORTFOLIO'S SEMI-ANNUAL REPORT DATED MAY 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
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<SERIES>
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<NAME> PARAGON SHORT-TERM GOVERNMENT FUND - B
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
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<SERIES>
<NUMBER> 3
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<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
PORTFOLIO'S SEMI-ANNUAL REPORT DATED MAY 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> PARAGON INTERMEDIATE-TERM BOND FUND - B
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<ACCUMULATED-NII-PRIOR> 279,975
<ACCUMULATED-GAINS-PRIOR> (4,299,160)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 751,966
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,141,897
<AVERAGE-NET-ASSETS> 301,826,469
<PER-SHARE-NAV-BEGIN> 9.56
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> 0.76
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.32
<EXPENSE-RATIO> 1.51
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
PORTFOLIO'S SEMI-ANNUAL REPORT DATED MAY 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> PARAGON LOUISIANA TAX-FREE FUND - A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> MAY-31-1995
<INVESTMENTS-AT-COST> 188,961,635
<INVESTMENTS-AT-VALUE> 192,231,927
<RECEIVABLES> 3,298,074
<ASSETS-OTHER> 565,758
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 196,095,759
<PAYABLE-FOR-SECURITIES> 1,867,217
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 906,096
<TOTAL-LIABILITIES> 2,773,313
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 190,800,935
<SHARES-COMMON-STOCK> 18,165,248
<SHARES-COMMON-PRIOR> 19,663,887
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (748,781)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,270,292
<NET-ASSETS> 193,322,446
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,649,116
<OTHER-INCOME> 0
<EXPENSES-NET> (632,450)
<NET-INVESTMENT-INCOME> 5,016,666
<REALIZED-GAINS-CURRENT> (309,619)
<APPREC-INCREASE-CURRENT> 11,433,036
<NET-CHANGE-FROM-OPS> 16,140,083
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,005,481)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 753,315
<NUMBER-OF-SHARES-REDEEMED> (2,346,480)
<SHARES-REINVESTED> 94,526
<NET-CHANGE-IN-ASSETS> (3,701,404)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (439,162)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 487,468
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 778,690
<AVERAGE-NET-ASSETS> 195,522,797
<PER-SHARE-NAV-BEGIN> 10.01
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 0.58
<PER-SHARE-DIVIDEND> (0.27)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.59
<EXPENSE-RATIO> 0.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
PORTFOLIO'S SEMI-ANNUAL REPORT DATED MAY 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> PARAGON LOUISIANA TAX-FREE FUND - B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> MAY-31-1995
<INVESTMENTS-AT-COST> 188,961,635
<INVESTMENTS-AT-VALUE> 192,231,927
<RECEIVABLES> 3,298,074
<ASSETS-OTHER> 565,758
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 196,095,759
<PAYABLE-FOR-SECURITIES> 1,867,217
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 906,096
<TOTAL-LIABILITIES> 2,773,313
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 190,800,935
<SHARES-COMMON-STOCK> 87,823
<SHARES-COMMON-PRIOR> 20,378
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (748,781)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,270,292
<NET-ASSETS> 193,322,446
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,649,116
<OTHER-INCOME> 0
<EXPENSES-NET> (632,450)
<NET-INVESTMENT-INCOME> 5,016,666
<REALIZED-GAINS-CURRENT> (309,619)
<APPREC-INCREASE-CURRENT> 11,433,036
<NET-CHANGE-FROM-OPS> 16,140,083
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11,185)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 72,536
<NUMBER-OF-SHARES-REDEEMED> (5,907)
<SHARES-REINVESTED> 816
<NET-CHANGE-IN-ASSETS> (3,701,404)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (439,162)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 487,468
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 778,690
<AVERAGE-NET-ASSETS> 195,522,797
<PER-SHARE-NAV-BEGIN> 10.01
<PER-SHARE-NII> 0.23
<PER-SHARE-GAIN-APPREC> 0.61
<PER-SHARE-DIVIDEND> (0.23)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.62
<EXPENSE-RATIO> 1.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
PORTFOLIO'S SEMI-ANNUAL REPORT DATED MAY 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> PARAGON VALUE GROWTH FUND - A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> MAY-31-1995
<INVESTMENTS-AT-COST> 160,426,620
<INVESTMENTS-AT-VALUE> 195,905,211
<RECEIVABLES> 553,825
<ASSETS-OTHER> 4,436
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 196,463,472
<PAYABLE-FOR-SECURITIES> 1,617,535
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 258,758
<TOTAL-LIABILITIES> 1,876,293
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 150,654,300
<SHARES-COMMON-STOCK> 12,964,665
<SHARES-COMMON-PRIOR> 12,619,309
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (2,478)
<ACCUMULATED-NET-GAINS> 8,456,766
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 35,478,591
<NET-ASSETS> 194,587,179
<DIVIDEND-INCOME> 1,927,994
<INTEREST-INCOME> 403,995
<OTHER-INCOME> 0
<EXPENSES-NET> (866,833)
<NET-INVESTMENT-INCOME> 1,465,156
<REALIZED-GAINS-CURRENT> 8,456,111
<APPREC-INCREASE-CURRENT> 12,366,611
<NET-CHANGE-FROM-OPS> 22,287,878
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,457,273)
<DISTRIBUTIONS-OF-GAINS> (5,514,632)
<DISTRIBUTIONS-OTHER> (2,478)
<NUMBER-OF-SHARES-SOLD> 896,670
<NUMBER-OF-SHARES-REDEEMED> (645,232)
<SHARES-REINVESTED> 93,918
<NET-CHANGE-IN-ASSETS> 20,977,326
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 5,533,987
<OVERDISTRIB-NII-PRIOR> (3,277)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 591,455
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 866,833
<AVERAGE-NET-ASSETS> 182,666,353
<PER-SHARE-NAV-BEGIN> 13.73
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 1.61
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> (0.44)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.90
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
PORTFOLIO'S SEMI-ANNUAL REPORT DATED MAY 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> PARAGON VALUE GROWTH FUND - B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> MAY-31-1995
<INVESTMENTS-AT-COST> 160,426,620
<INVESTMENTS-AT-VALUE> 195,905,211
<RECEIVABLES> 553,825
<ASSETS-OTHER> 4,436
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 196,463,472
<PAYABLE-FOR-SECURITIES> 1,617,535
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 258,758
<TOTAL-LIABILITIES> 1,876,293
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 150,654,300
<SHARES-COMMON-STOCK> 97,623
<SHARES-COMMON-PRIOR> 30,118
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (2,478)
<ACCUMULATED-NET-GAINS> 8,456,766
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 35,478,591
<NET-ASSETS> 194,587,179
<DIVIDEND-INCOME> 1,927,994
<INTEREST-INCOME> 403,995
<OTHER-INCOME> 0
<EXPENSES-NET> (866,833)
<NET-INVESTMENT-INCOME> 1,465,156
<REALIZED-GAINS-CURRENT> 8,456,111
<APPREC-INCREASE-CURRENT> 12,366,611
<NET-CHANGE-FROM-OPS> 22,287,878
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,606)
<DISTRIBUTIONS-OF-GAINS> (18,700)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 68,824
<NUMBER-OF-SHARES-REDEEMED> (3,036)
<SHARES-REINVESTED> 1,717
<NET-CHANGE-IN-ASSETS> 20,977,326
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 5,533,987
<OVERDISTRIB-NII-PRIOR> (3,277)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 591,455
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 866,833
<AVERAGE-NET-ASSETS> 182,666,353
<PER-SHARE-NAV-BEGIN> 13.70
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 1.63
<PER-SHARE-DIVIDEND> (0.06)
<PER-SHARE-DISTRIBUTIONS> (0.44)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.88
<EXPENSE-RATIO> 1.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
PORTFOLIO'S SEMI-ANNUAL REPORT DATED MAY 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 6
<NAME> PARAGON VALUE EQUITY INCOME FUND - A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> MAY-31-1995
<INVESTMENTS-AT-COST> 96,827,459
<INVESTMENTS-AT-VALUE> 116,256,225
<RECEIVABLES> 449,051
<ASSETS-OTHER> 11,886
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 116,717,162
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 191,764
<TOTAL-LIABILITIES> 191,764
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 95,949,673
<SHARES-COMMON-STOCK> 8,990,577
<SHARES-COMMON-PRIOR> 8,947,363
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (2,622)
<ACCUMULATED-NET-GAINS> 1,149,581
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 19,428,766
<NET-ASSETS> 116,525,398
<DIVIDEND-INCOME> 1,539,401
<INTEREST-INCOME> 343,462
<OTHER-INCOME> 0
<EXPENSES-NET> (483,955)
<NET-INVESTMENT-INCOME> 1,398,908
<REALIZED-GAINS-CURRENT> 1,149,288
<APPREC-INCREASE-CURRENT> 14,686,596
<NET-CHANGE-FROM-OPS> 17,234,792
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,408,716)
<DISTRIBUTIONS-OF-GAINS> (3,322,240)
<DISTRIBUTIONS-OTHER> (2,662)
<NUMBER-OF-SHARES-SOLD> 594,243
<NUMBER-OF-SHARES-REDEEMED> (572,082)
<SHARES-REINVESTED> 21,053
<NET-CHANGE-IN-ASSETS> 13,130,320
<ACCUMULATED-NII-PRIOR> 11,021
<ACCUMULATED-GAINS-PRIOR> 3,323,593
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 347,168
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 483,955
<AVERAGE-NET-ASSETS> 107,231,479
<PER-SHARE-NAV-BEGIN> 11.55
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 1.75
<PER-SHARE-DIVIDEND> (0.16)
<PER-SHARE-DISTRIBUTIONS> (0.37)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.93
<EXPENSE-RATIO> 0.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
PORTFOLIO'S SEMI-ANNUAL REPORT DATED MAY 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 6
<NAME> PARAGON VALUE EQUITY INCOME FUND - B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> MAY-31-1995
<INVESTMENTS-AT-COST> 96,827,459
<INVESTMENTS-AT-VALUE> 116,256,225
<RECEIVABLES> 449,051
<ASSETS-OTHER> 11,886
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 116,717,162
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 191,764
<TOTAL-LIABILITIES> 191,764
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 95,949,673
<SHARES-COMMON-STOCK> 18,784
<SHARES-COMMON-PRIOR> 8,947,363
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (2,622)
<ACCUMULATED-NET-GAINS> 1,149,581
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 19,428,766
<NET-ASSETS> 116,525,398
<DIVIDEND-INCOME> 1,539,401
<INTEREST-INCOME> 343,462
<OTHER-INCOME> 0
<EXPENSES-NET> (483,955)
<NET-INVESTMENT-INCOME> 1,398,908
<REALIZED-GAINS-CURRENT> 1,149,288
<APPREC-INCREASE-CURRENT> 14,686,596
<NET-CHANGE-FROM-OPS> 17,234,792
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,173)
<DISTRIBUTIONS-OF-GAINS> (1,060)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 15,925
<NUMBER-OF-SHARES-REDEEMED> (2)
<SHARES-REINVESTED> 200
<NET-CHANGE-IN-ASSETS> 13,130,320
<ACCUMULATED-NII-PRIOR> 11,021
<ACCUMULATED-GAINS-PRIOR> 3,323,593
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 347,168
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 483,955
<AVERAGE-NET-ASSETS> 107,231,479
<PER-SHARE-NAV-BEGIN> 11.56
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 1.76
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> (0.37)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.94
<EXPENSE-RATIO> 1.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
PORTFOLIO'S SEMI-ANNUAL REPORT DATED MAY 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 7
<NAME> PARAGON GULF SOUTH GROWTH FUND - A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> MAY-31-1995
<INVESTMENTS-AT-COST> 69,574,616
<INVESTMENTS-AT-VALUE> 87,892,875
<RECEIVABLES> 856,469
<ASSETS-OTHER> 10,646
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 88,759,990
<PAYABLE-FOR-SECURITIES> 256,250
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 113,565
<TOTAL-LIABILITIES> 369,815
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 67,102,635
<SHARES-COMMON-STOCK> 5,431,525
<SHARES-COMMON-PRIOR> 5,275,190
<ACCUMULATED-NII-CURRENT> (104,878)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,074,158
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 18,318,260
<NET-ASSETS> 88,390,175
<DIVIDEND-INCOME> 111,875
<INTEREST-INCOME> 206,684
<OTHER-INCOME> 0
<EXPENSES-NET> (423,437)
<NET-INVESTMENT-INCOME> (104,878)
<REALIZED-GAINS-CURRENT> 3,073,993
<APPREC-INCREASE-CURRENT> 5,926,408
<NET-CHANGE-FROM-OPS> 8,895,523
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1,410,185)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 430,149
<NUMBER-OF-SHARES-REDEEMED> (295,343)
<SHARES-REINVESTED> 21,529
<NET-CHANGE-IN-ASSETS> 10,619,186
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,417,954
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 269,982
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 423,437
<AVERAGE-NET-ASSETS> 83,382,930
<PER-SHARE-NAV-BEGIN> 14.70
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 1.67
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.27)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.08
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMSARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
PORTFOLIO'S SEMI-ANNUAL REPORT DATED MAY 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 7
<NAME> PARAGON GULF SOUTH GROWTH FUND - B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> MAY-31-1995
<INVESTMENTS-AT-COST> 69,574,616
<INVESTMENTS-AT-VALUE> 87,892,875
<RECEIVABLES> 856,469
<ASSETS-OTHER> 10,646
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 88,759,990
<PAYABLE-FOR-SECURITIES> 256,250
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 113,565
<TOTAL-LIABILITIES> 369,815
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 67,102,635
<SHARES-COMMON-STOCK> 64,285
<SHARES-COMMON-PRIOR> 15,758
<ACCUMULATED-NII-CURRENT> (104,878)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,074,158
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 18,318,260
<NET-ASSETS> 88,390,175
<DIVIDEND-INCOME> 111,875
<INTEREST-INCOME> 206,684
<OTHER-INCOME> 0
<EXPENSES-NET> (423,437)
<NET-INVESTMENT-INCOME> (104,878)
<REALIZED-GAINS-CURRENT> 3,073,993
<APPREC-INCREASE-CURRENT> 5,926,408
<NET-CHANGE-FROM-OPS> 8,895,523
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (7,604)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 50,257
<NUMBER-OF-SHARES-REDEEMED> (2,253)
<SHARES-REINVESTED> 523
<NET-CHANGE-IN-ASSETS> 10,619,186
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,417,954
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 269,982
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 423,437
<AVERAGE-NET-ASSETS> 83,382,930
<PER-SHARE-NAV-BEGIN> 14.66
<PER-SHARE-NII> (0.05)
<PER-SHARE-GAIN-APPREC> 1.65
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.27)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.99
<EXPENSE-RATIO> 1.76
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
PORTFOLIO'S SEMI-ANNUAL REPORT DATED MAY 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 8
<NAME> PARAGON POWER INTERMEDIATE-TERM BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 5-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> JAN-13-1995
<PERIOD-END> MAY-31-1995
<INVESTMENTS-AT-COST> 1,341,643
<INVESTMENTS-AT-VALUE> 1,423,649
<RECEIVABLES> 19,287
<ASSETS-OTHER> 21,012
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,463,948
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 29,890
<TOTAL-LIABILITIES> 29,890
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,352,081
<SHARES-COMMON-STOCK> 140,213
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (29)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 82,006
<NET-ASSETS> 1,434,058
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 32,340
<OTHER-INCOME> 0
<EXPENSES-NET> (3,278)
<NET-INVESTMENT-INCOME> 29,062
<REALIZED-GAINS-CURRENT> (29)
<APPREC-INCREASE-CURRENT> 82,006
<NET-CHANGE-FROM-OPS> 111,039
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 29,062
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 137,731
<NUMBER-OF-SHARES-REDEEMED> (90)
<SHARES-REINVESTED> 2,572
<NET-CHANGE-IN-ASSETS> 1,434,058
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,185
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 21,368
<AVERAGE-NET-ASSETS> 1,147,508
<PER-SHARE-NAV-BEGIN> 9.56
<PER-SHARE-NII> 0.25
<PER-SHARE-GAIN-APPREC> 0.67
<PER-SHARE-DIVIDEND> (0.25)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.23
<EXPENSE-RATIO> 0.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
PORTFOLIO'S SEMI-ANNUAL REPORT AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 9
<NAME> PARAGON POWER VALUE GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> 5-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> JAN-13-1995
<PERIOD-END> MAY-31-1995
<INVESTMENTS-AT-COST> 1,690,749
<INVESTMENTS-AT-VALUE> 1,789,006
<RECEIVABLES> 25,299
<ASSETS-OTHER> 18,051
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,832,356
<PAYABLE-FOR-SECURITIES> 75,608
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 30,362
<TOTAL-LIABILITIES> 105,970
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,633,072
<SHARES-COMMON-STOCK> 118,291
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 7
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,950)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 98,257
<NET-ASSETS> 1,726,386
<DIVIDEND-INCOME> 11,092
<INTEREST-INCOME> 4,614
<OTHER-INCOME> 0
<EXPENSES-NET> (4,839)
<NET-INVESTMENT-INCOME> 10,867
<REALIZED-GAINS-CURRENT> (4,950)
<APPREC-INCREASE-CURRENT> 98,257
<NET-CHANGE-FROM-OPS> 104,174
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,860)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 118,422
<NUMBER-OF-SHARES-REDEEMED> (728)
<SHARES-REINVESTED> 597
<NET-CHANGE-IN-ASSETS> 1,726,386
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,145
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 22,913
<AVERAGE-NET-ASSETS> 1,270,476
<PER-SHARE-NAV-BEGIN> 13.56
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 1.03
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.59
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
PORTFOLIO'S SEMI-ANNUAL REPORT DATED MAY 31, 1995 AND IS QUALFIIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 10
<NAME> PARAGON POWER VALUE EQUITY INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 5-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> JAN-13-1995
<PERIOD-END> MAY-31-1995
<INVESTMENTS-AT-COST> 1,341,641
<INVESTMENTS-AT-VALUE> 1,470,550
<RECEIVABLES> 4,445
<ASSETS-OTHER> 19,045
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,494,040
<PAYABLE-FOR-SECURITIES> 125,801
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 31,298
<TOTAL-LIABILITIES> 157,099
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,198,784
<SHARES-COMMON-STOCK> 104,334
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 9
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9,239
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 128,909
<NET-ASSETS> 1,336,941
<DIVIDEND-INCOME> 11,854
<INTEREST-INCOME> 3,515
<OTHER-INCOME> 0
<EXPENSES-NET> (4,226)
<NET-INVESTMENT-INCOME> 11,143
<REALIZED-GAINS-CURRENT> 9,239
<APPREC-INCREASE-CURRENT> 128,909
<NET-CHANGE-FROM-OPS> 149,291
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11,134)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 103,705
<NUMBER-OF-SHARES-REDEEMED> (23)
<SHARES-REINVESTED> 652
<NET-CHANGE-IN-ASSETS> 1,336,941
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,747
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 23,450
<AVERAGE-NET-ASSETS> 1,109,741
<PER-SHARE-NAV-BEGIN> 11.35
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 1.46
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.81
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
PORTFOLIO'S SEMI-ANNUAL REPORT DATED MAY 31, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 11
<NAME> PARAGON POWER GULF SOUTH GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> 5-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> JAN-13-1995
<PERIOD-END> MAY-31-1995
<INVESTMENTS-AT-COST> 1,835,762
<INVESTMENTS-AT-VALUE> 1,913,719
<RECEIVABLES> 304
<ASSETS-OTHER> 17,303
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,931,326
<PAYABLE-FOR-SECURITIES> 200,436
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 31,304
<TOTAL-LIABILITIES> 231,740
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,613,049
<SHARES-COMMON-STOCK> 106,096
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,248
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,332
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 77,957
<NET-ASSETS> 1,699,586
<DIVIDEND-INCOME> 974
<INTEREST-INCOME> 5,304
<OTHER-INCOME> 0
<EXPENSES-NET> (5,030)
<NET-INVESTMENT-INCOME> 1,248
<REALIZED-GAINS-CURRENT> 7,332
<APPREC-INCREASE-CURRENT> 77,957
<NET-CHANGE-FROM-OPS> 86,537
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 106,210
<NUMBER-OF-SHARES-REDEEMED> (114)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,699,586
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,270
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 24,094
<AVERAGE-NET-ASSETS> 1,321,109
<PER-SHARE-NAV-BEGIN> 14.98
<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> 16.02
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
