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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 26
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<PAGE> PAGE 30
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<PAGE> PAGE 33
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SIGNATURE BARBARA MISTARAS
TITLE ADMIN. ASSISTANT
<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
PORTFOLIO'S ANNUAL REPORT DATED NOVEMBER 30, 1995 AND IS QUALIFIED IN ITS
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<SERIES>
<NUMBER> 011
<NAME> PARAGON TREASURY MONEY MARKET FUND - A
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<LEGEND>
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</LEGEND>
<SERIES>
<NUMBER> 012
<NAME> PARAGON TREASURY MONEY MARKET FUND - B
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</TABLE>
<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PARAGON
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<SERIES>
<NUMBER> 021
<NAME> PARAGON SHORT-TERM GOVERNMENT FUND - A
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 130,463,038
<SHARES-COMMON-STOCK> 12,658,894
<SHARES-COMMON-PRIOR> 14,506,736
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,249,054)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 362,742
<NET-ASSETS> 129,576,726
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8,176,348
<OTHER-INCOME> 0
<EXPENSES-NET> (1,005,397)
<NET-INVESTMENT-INCOME> 7,170,951
<REALIZED-GAINS-CURRENT> (300,652)
<APPREC-INCREASE-CURRENT> 5,037,461
<NET-CHANGE-FROM-OPS> 11,907,760
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,161,419)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 997,772
<NUMBER-OF-SHARES-REDEEMED> (2,886,727)
<SHARES-REINVESTED> 41,113
<NET-CHANGE-IN-ASSETS> (13,421,792)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (948,402)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 663,062
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,005,397
<AVERAGE-NET-ASSETS> 132,612,149
<PER-SHARE-NAV-BEGIN> 9.85
<PER-SHARE-NII> 0.54
<PER-SHARE-GAIN-APPREC> 0.36
<PER-SHARE-DIVIDEND> (0.54)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.21
<EXPENSE-RATIO> 0.76
<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 ANNUAL REPORT DATED NOVEMBER 30, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 022
<NAME> PARAGON SHORT-TERM GOVERNMENT FUND - B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 128,628,221
<INVESTMENTS-AT-VALUE> 128,990,963
<RECEIVABLES> 1,238,017
<ASSETS-OTHER> 5,480
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 130,234,460
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 657,734
<TOTAL-LIABILITIES> 657,734
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 130,463,038
<SHARES-COMMON-STOCK> 30,361
<SHARES-COMMON-PRIOR> 4,171
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,249,054)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 362,742
<NET-ASSETS> 129,576,726
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8,176,348
<OTHER-INCOME> 0
<EXPENSES-NET> (1,005,397)
<NET-INVESTMENT-INCOME> 7,170,951
<REALIZED-GAINS-CURRENT> (300,652)
<APPREC-INCREASE-CURRENT> 5,037,461
<NET-CHANGE-FROM-OPS> 11,907,760
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9,532)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 29,140
<NUMBER-OF-SHARES-REDEEMED> (3,758)
<SHARES-REINVESTED> 808
<NET-CHANGE-IN-ASSETS> (13,421,792)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (948,402)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 663,062
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,005,397
<AVERAGE-NET-ASSETS> 132,612,149
<PER-SHARE-NAV-BEGIN> 9.85
<PER-SHARE-NII> 0.47
<PER-SHARE-GAIN-APPREC> 0.36
<PER-SHARE-DIVIDEND> (0.47)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.21
<EXPENSE-RATIO> 1.51
<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 ANNUAL REPORT DATED NOVEMBER 30, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 031
<NAME> PARAGON INTERMEDIATE-TERM BOND FUND - A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 302,651,168
<INVESTMENTS-AT-VALUE> 312,788,075
<RECEIVABLES> 4,338,291
<ASSETS-OTHER> 5,635
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 317,132,001
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,789,841
<TOTAL-LIABILITIES> 1,789,841
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 309,657,562
<SHARES-COMMON-STOCK> 30,083,104
<SHARES-COMMON-PRIOR> 31,144,093
<ACCUMULATED-NII-CURRENT> 260,558
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,712,867)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,136,907
<NET-ASSETS> 315,342,160
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 22,669,591
<OTHER-INCOME> 0
<EXPENSES-NET> (2,252,910)
<NET-INVESTMENT-INCOME> 20,416,681
<REALIZED-GAINS-CURRENT> (413,707)
<APPREC-INCREASE-CURRENT> 27,924,824
<NET-CHANGE-FROM-OPS> 47,927,798
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (20,393,495)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,892,868
<NUMBER-OF-SHARES-REDEEMED> (4,091,710)
<SHARES-REINVESTED> 137,853
<NET-CHANGE-IN-ASSETS> 17,969,525
<ACCUMULATED-NII-PRIOR> 279,975
<ACCUMULATED-GAINS-PRIOR> (4,299,160)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,532,802
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,252,910
<AVERAGE-NET-ASSETS> 306,560,333
<PER-SHARE-NAV-BEGIN> 9.54
<PER-SHARE-NII> 0.67
<PER-SHARE-GAIN-APPREC> 0.90
<PER-SHARE-DIVIDEND> (0.67)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.44
<EXPENSE-RATIO> 0.73
<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 ANNUAL REPORT DATED NOVEMBER 30, 1995 AND IS QUALFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 032
<NAME> PARAGON INTERMEDIATE-TERM BOND FUND - B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 302,651,168
<INVESTMENTS-AT-VALUE> 312,788,075
<RECEIVABLES> 4,338,291
<ASSETS-OTHER> 5,635
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 317,132,001
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,789,841
<TOTAL-LIABILITIES> 1,789,841
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 309,657,562
<SHARES-COMMON-STOCK> 127,036
<SHARES-COMMON-PRIOR> 26,178
<ACCUMULATED-NII-CURRENT> 260,558
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,712,867)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,136,907
<NET-ASSETS> 315,342,160
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 22,669,591
<OTHER-INCOME> 0
<EXPENSES-NET> (2,252,910)
<NET-INVESTMENT-INCOME> 20,416,681
<REALIZED-GAINS-CURRENT> (413,707)
<APPREC-INCREASE-CURRENT> 27,924,824
<NET-CHANGE-FROM-OPS> 47,927,798
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (42,603)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 109,338
<NUMBER-OF-SHARES-REDEEMED> (12,229)
<SHARES-REINVESTED> 3,749
<NET-CHANGE-IN-ASSETS> 17,969,525
<ACCUMULATED-NII-PRIOR> 279,975
<ACCUMULATED-GAINS-PRIOR> (4,299,160)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,532,802
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,252,910
<AVERAGE-NET-ASSETS> 306,560,333
<PER-SHARE-NAV-BEGIN> 9.56
<PER-SHARE-NII> 0.60
<PER-SHARE-GAIN-APPREC> 0.90
<PER-SHARE-DIVIDEND> (0.60)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.46
<EXPENSE-RATIO> 1.48
<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 ANNUAL REPORT DATED NOVEMBER 30, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 041
<NAME> PARAGON LOUISIANA TAX-FREE FUND - A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 200,540,199
<INVESTMENTS-AT-VALUE> 206,864,086
<RECEIVABLES> 3,667,075
<ASSETS-OTHER> 490,645
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 211,021,806
<PAYABLE-FOR-SECURITIES> 1,947,119
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 840,886
<TOTAL-LIABILITIES> 2,788,005
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 202,360,006
<SHARES-COMMON-STOCK> 19,148,510
<SHARES-COMMON-PRIOR> 19,663,887
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (450,092)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,323,887
<NET-ASSETS> 208,233,801
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 11,295,102
<OTHER-INCOME> 0
<EXPENSES-NET> (1,236,721)
<NET-INVESTMENT-INCOME> 10,058,381
<REALIZED-GAINS-CURRENT> (10,930)
<APPREC-INCREASE-CURRENT> 14,486,631
<NET-CHANGE-FROM-OPS> 24,534,082
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (10,014,351)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,426,280
<NUMBER-OF-SHARES-REDEEMED> (3,127,265)
<SHARES-REINVESTED> 185,608
<NET-CHANGE-IN-ASSETS> 11,209,951
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (439,162)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 992,485
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,534,464
<AVERAGE-NET-ASSETS> 198,497,115
<PER-SHARE-NAV-BEGIN> 10.01
<PER-SHARE-NII> 0.53
<PER-SHARE-GAIN-APPREC> 0.75
<PER-SHARE-DIVIDEND> (0.53)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.76
<EXPENSE-RATIO> 0.62
<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 ANNUAL REPORT DATED NOVEMBER 30, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 042
<NAME> PARAGON LOUISIANA TAX-FREE FUND - B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 200,540,199
<INVESTMENTS-AT-VALUE> 206,864,086
<RECEIVABLES> 3,667,075
<ASSETS-OTHER> 490,645
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 211,021,806
<PAYABLE-FOR-SECURITIES> 1,947,119
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 840,886
<TOTAL-LIABILITIES> 2,788,005
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 202,360,006
<SHARES-COMMON-STOCK> 196,004
<SHARES-COMMON-PRIOR> 20,378
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (450,092)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,323,887
<NET-ASSETS> 208,233,801
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 11,295,102
<OTHER-INCOME> 0
<EXPENSES-NET> (1,236,721)
<NET-INVESTMENT-INCOME> 10,058,381
<REALIZED-GAINS-CURRENT> (10,930)
<APPREC-INCREASE-CURRENT> 14,486,631
<NET-CHANGE-FROM-OPS> 24,534,082
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (44,030)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 183,225
<NUMBER-OF-SHARES-REDEEMED> (10,566)
<SHARES-REINVESTED> 2,967
<NET-CHANGE-IN-ASSETS> 11,209,951
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (439,162)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 992,485
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,534,464
<AVERAGE-NET-ASSETS> 198,497,115
<PER-SHARE-NAV-BEGIN> 10.01
<PER-SHARE-NII> 0.45
<PER-SHARE-GAIN-APPREC> 0.78
<PER-SHARE-DIVIDEND> (0.45)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.79
<EXPENSE-RATIO> 1.37
<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 ANNUAL REPORT DATED NOVEMBER 30, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 051
<NAME> PARAGON VALUE GROWTH FUND - A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 170,521,088
<INVESTMENTS-AT-VALUE> 224,506,775
<RECEIVABLES> 641,622
<ASSETS-OTHER> 8,079
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 225,156,476
<PAYABLE-FOR-SECURITIES> 3,851,065
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 404,495
<TOTAL-LIABILITIES> 4,255,560
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 149,357,937
<SHARES-COMMON-STOCK> 12,813,548
<SHARES-COMMON-PRIOR> 12,619,309
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (2,382)
<ACCUMULATED-NET-GAINS> 17,559,674
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 53,985,687
<NET-ASSETS> 220,900,916
<DIVIDEND-INCOME> 3,554,938
<INTEREST-INCOME> 794,401
<OTHER-INCOME> 0
<EXPENSES-NET> (1,890,140)
<NET-INVESTMENT-INCOME> 2,459,199
<REALIZED-GAINS-CURRENT> 17,559,019
<APPREC-INCREASE-CURRENT> 30,873,707
<NET-CHANGE-FROM-OPS> 50,891,925
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,449,418)
<DISTRIBUTIONS-OF-GAINS> (5,514,632)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,479,317
<NUMBER-OF-SHARES-REDEEMED> (1,389,420)
<SHARES-REINVESTED> 104,342
<NET-CHANGE-IN-ASSETS> 47,291,063
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 5,533,987
<OVERDISTRIB-NII-PRIOR> (3,277)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,281,345
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,890,140
<AVERAGE-NET-ASSETS> 197,142,923
<PER-SHARE-NAV-BEGIN> 13.73
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> 3.72
<PER-SHARE-DIVIDEND> (0.19)
<PER-SHARE-DISTRIBUTIONS> (0.44)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.01
<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 ANNUAL REPORT DATED NOVEMBER 30, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 052
<NAME> PARAGON VALUE GROWTH FUND - B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 170,521,088
<INVESTMENTS-AT-VALUE> 224,506,775
<RECEIVABLES> 641,622
<ASSETS-OTHER> 8,079
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 225,156,476
<PAYABLE-FOR-SECURITIES> 3,851,065
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 404,495
<TOTAL-LIABILITIES> 4,255,560
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 149,357,937
<SHARES-COMMON-STOCK> 172,182
<SHARES-COMMON-PRIOR> 30,118
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (2,382)
<ACCUMULATED-NET-GAINS> 17,559,674
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 53,985,687
<NET-ASSETS> 220,900,916
<DIVIDEND-INCOME> 3,554,938
<INTEREST-INCOME> 794,401
<OTHER-INCOME> 0
<EXPENSES-NET> (1,890,140)
<NET-INVESTMENT-INCOME> 2,459,199
<REALIZED-GAINS-CURRENT> 17,559,019
<APPREC-INCREASE-CURRENT> 30,873,707
<NET-CHANGE-FROM-OPS> 50,891,925
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,178)
<DISTRIBUTIONS-OF-GAINS> (18,700)
<DISTRIBUTIONS-OTHER> (2,708)
<NUMBER-OF-SHARES-SOLD> 148,906
<NUMBER-OF-SHARES-REDEEMED> (8,821)
<SHARES-REINVESTED> 1,979
<NET-CHANGE-IN-ASSETS> 47,291,063
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 5,533,987
<OVERDISTRIB-NII-PRIOR> (3,277)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,281,345
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,890,140
<AVERAGE-NET-ASSETS> 197,142,923
<PER-SHARE-NAV-BEGIN> 13.70
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 3.75
<PER-SHARE-DIVIDEND> (0.10)
<PER-SHARE-DISTRIBUTIONS> (0.44)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.98
<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 PARAGON
PORTFOLIO'S ANNUAL REPORT DATED NOVEMBER 30, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 061
<NAME> PARAGON VALUE EQUITY INCOME FUND - A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 100,852,520
<INVESTMENTS-AT-VALUE> 133,989,790
<RECEIVABLES> 1,072,127
<ASSETS-OTHER> 5,536
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 135,067,453
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 434,068
<TOTAL-LIABILITIES> 434,068
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 97,470,660
<SHARES-COMMON-STOCK> 9,055,467
<SHARES-COMMON-PRIOR> 8,947,363
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1,933)
<ACCUMULATED-NET-GAINS> 4,027,388
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 33,137,270
<NET-ASSETS> 134,633,385
<DIVIDEND-INCOME> 3,198,496
<INTEREST-INCOME> 614,002
<OTHER-INCOME> 0
<EXPENSES-NET> (1,075,674)
<NET-INVESTMENT-INCOME> 2,736,824
<REALIZED-GAINS-CURRENT> 4,027,095
<APPREC-INCREASE-CURRENT> 28,395,100
<NET-CHANGE-FROM-OPS> 35,159,019
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,743,438)
<DISTRIBUTIONS-OF-GAINS> (3,322,240)
<DISTRIBUTIONS-OTHER> (984)
<NUMBER-OF-SHARES-SOLD> 1,046,644
<NUMBER-OF-SHARES-REDEEMED> (964,673)
<SHARES-REINVESTED> 26,133
<NET-CHANGE-IN-ASSETS> 31,238,307
<ACCUMULATED-NII-PRIOR> 11,021
<ACCUMULATED-GAINS-PRIOR> 3,323,593
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 759,496
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,075,674
<AVERAGE-NET-ASSETS> 116,855,200
<PER-SHARE-NAV-BEGIN> 11.55
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> 3.58
<PER-SHARE-DIVIDEND> (0.31)
<PER-SHARE-DISTRIBUTIONS> (0.37)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.76
<EXPENSE-RATIO> 0.92
<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 ANNUAL REPORT DATED NOVEMBER 30, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 062
<NAME> PARAGON VALUE EQUITY INCOME FUND - B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 100,852,520
<INVESTMENTS-AT-VALUE> 133,989,790
<RECEIVABLES> 1,072,127
<ASSETS-OTHER> 5,536
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 135,067,453
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 434,068
<TOTAL-LIABILITIES> 434,068
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 97,470,660
<SHARES-COMMON-STOCK> 63,294
<SHARES-COMMON-PRIOR> 2,661
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1,933)
<ACCUMULATED-NET-GAINS> 4,027,388
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 33,137,270
<NET-ASSETS> 134,633,385
<DIVIDEND-INCOME> 3,198,496
<INTEREST-INCOME> 614,002
<OTHER-INCOME> 0
<EXPENSES-NET> (1,075,674)
<NET-INVESTMENT-INCOME> 2,736,824
<REALIZED-GAINS-CURRENT> 4,027,095
<APPREC-INCREASE-CURRENT> 28,395,100
<NET-CHANGE-FROM-OPS> 35,159,019
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,407)
<DISTRIBUTIONS-OF-GAINS> (1,060)
<DISTRIBUTIONS-OTHER> (949)
<NUMBER-OF-SHARES-SOLD> 61,518
<NUMBER-OF-SHARES-REDEEMED> (1,380)
<SHARES-REINVESTED> 495
<NET-CHANGE-IN-ASSETS> 31,238,307
<ACCUMULATED-NII-PRIOR> 11,021
<ACCUMULATED-GAINS-PRIOR> 3,323,593
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 759,496
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,075,674
<AVERAGE-NET-ASSETS> 116,855,200
<PER-SHARE-NAV-BEGIN> 11.56
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> 3.57
<PER-SHARE-DIVIDEND> (0.22)
<PER-SHARE-DISTRIBUTIONS> (0.37)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.76
<EXPENSE-RATIO> 1.67
<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 ANNUAL REPORT DATED NOVEMBER 30, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 071
<NAME> PARAGON GULF SOUTH GROWTH FUND - A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 64,310,139
<INVESTMENTS-AT-VALUE> 94,476,268
<RECEIVABLES> 3,205,277
<ASSETS-OTHER> 8,303
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 97,689,848
<PAYABLE-FOR-SECURITIES> 284,380
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 124,002
<TOTAL-LIABILITIES> 408,382
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 64,778,780
<SHARES-COMMON-STOCK> 5,285,927
<SHARES-COMMON-PRIOR> 5,275,190
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,336,557
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 30,166,129
<NET-ASSETS> 97,281,466
<DIVIDEND-INCOME> 229,730
<INTEREST-INCOME> 370,664
<OTHER-INCOME> 0
<EXPENSES-NET> (929,835)
<NET-INVESTMENT-INCOME> (329,441)
<REALIZED-GAINS-CURRENT> 2,336,392
<APPREC-INCREASE-CURRENT> 17,774,277
<NET-CHANGE-FROM-OPS> 19,781,228
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1,410,185)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 749,767
<NUMBER-OF-SHARES-REDEEMED> (760,534)
<SHARES-REINVESTED> 21,504
<NET-CHANGE-IN-ASSETS> 19,510,477
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,417,954
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 582,482
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 929,835
<AVERAGE-NET-ASSETS> 89,612,998
<PER-SHARE-NAV-BEGIN> 14.70
<PER-SHARE-NII> (0.06)
<PER-SHARE-GAIN-APPREC> 3.69
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.27)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.06
<EXPENSE-RATIO> 1.03
<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 ANNUAL REPORT DATED NOVEMBER 30, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 072
<NAME> PARAGON GULF SOUTH GROWTH FUND - B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> DEC-01-1994
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 64,310,139
<INVESTMENTS-AT-VALUE> 94,476,268
<RECEIVABLES> 3,205,277
<ASSETS-OTHER> 8,303
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 97,689,848
<PAYABLE-FOR-SECURITIES> 284,380
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 124,002
<TOTAL-LIABILITIES> 408,382
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 64,778,780
<SHARES-COMMON-STOCK> 101,412
<SHARES-COMMON-PRIOR> 15,758
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,336,557
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 30,166,129
<NET-ASSETS> 97,281,466
<DIVIDEND-INCOME> 229,730
<INTEREST-INCOME> 370,664
<OTHER-INCOME> 0
<EXPENSES-NET> (929,835)
<NET-INVESTMENT-INCOME> (329,441)
<REALIZED-GAINS-CURRENT> 2,336,392
<APPREC-INCREASE-CURRENT> 17,774,277
<NET-CHANGE-FROM-OPS> 19,781,228
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (7,604)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 92,244
<NUMBER-OF-SHARES-REDEEMED> (7,113)
<SHARES-REINVESTED> 523
<NET-CHANGE-IN-ASSETS> 19,150,477
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,417,954
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 582,482
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 929,835
<AVERAGE-NET-ASSETS> 89,612,998
<PER-SHARE-NAV-BEGIN> 14.66
<PER-SHARE-NII> (0.11)
<PER-SHARE-GAIN-APPREC> 3.61
<PER-SHARE-DIVIDEND> (0.27)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.06
<EXPENSE-RATIO> 1.78
<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 ANNUAL REPORT DATED NOVEMBER 30, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 08
<NAME> PARAGON POWER INTERMEDIATE-TERM BOND PORTFOLIO
<S> <C>
<PERIOD-TYPE> 11-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> JAN-13-1995
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 2,014,883
<INVESTMENTS-AT-VALUE> 2,138,388
<RECEIVABLES> 23,756
<ASSETS-OTHER> 21,990
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,184,134
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,326
<TOTAL-LIABILITIES> 28,326
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,032,297
<SHARES-COMMON-STOCK> 206,892
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 123,505
<NET-ASSETS> 2,155,808
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 98,384
<OTHER-INCOME> 0
<EXPENSES-NET> (10,289)
<NET-INVESTMENT-INCOME> 88,095
<REALIZED-GAINS-CURRENT> 7
<APPREC-INCREASE-CURRENT> 123,505
<NET-CHANGE-FROM-OPS> 211,607
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (88,095)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 200,409
<NUMBER-OF-SHARES-REDEEMED> (1,873)
<SHARES-REINVESTED> 8,356
<NET-CHANGE-IN-ASSETS> 2,155,808
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,860
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 48,394
<AVERAGE-NET-ASSETS> 1,555,151
<PER-SHARE-NAV-BEGIN> 9.56
<PER-SHARE-NII> 0.57
<PER-SHARE-GAIN-APPREC> 0.86
<PER-SHARE-DIVIDEND> (0.57)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.42
<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 INFORAMTION EXTRACTED FROM PARAGON
PORTFOLIO'S ANNUAL REPORT DATED NOVEMBER 30, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 09
<NAME> PARAGON POWER VALUE GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> 11-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> JAN-13-1995
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 2,309,951
<INVESTMENTS-AT-VALUE> 2,639,494
<RECEIVABLES> 5,324
<ASSETS-OTHER> 11,237
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,656,055
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 29,739
<TOTAL-LIABILITIES> 29,739
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,277,863
<SHARES-COMMON-STOCK> 159,422
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 249
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 18,661
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 329,543
<NET-ASSETS> 2,626,316
<DIVIDEND-INCOME> 28,813
<INTEREST-INCOME> 10,525
<OTHER-INCOME> 0
<EXPENSES-NET> (16,196)
<NET-INVESTMENT-INCOME> 23,142
<REALIZED-GAINS-CURRENT> 18,661
<APPREC-INCREASE-CURRENT> 329,543
<NET-CHANGE-FROM-OPS> 371,346
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (22,893)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 160,409
<NUMBER-OF-SHARES-REDEEMED> (2,347)
<SHARES-REINVESTED> 1,360
<NET-CHANGE-IN-ASSETS> 2,626,316
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,528
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 56,054
<AVERAGE-NET-ASSETS> 1,835,965
<PER-SHARE-NAV-BEGIN> 13.56
<PER-SHARE-NII> 0.20
<PER-SHARE-GAIN-APPREC> 2.91
<PER-SHARE-DIVIDEND> (0.20)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.47
<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 ANNUAL REPORT DATED NOVEMBER 30, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 10
<NAME> PARAGON POWER VALUE EQUITY INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> JAN-13-1995
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 2,230,251
<INVESTMENTS-AT-VALUE> 2,561,532
<RECEIVABLES> 8,055
<ASSETS-OTHER> 10,322
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,579,909
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 27,686
<TOTAL-LIABILITIES> 27,686
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,170,204
<SHARES-COMMON-STOCK> 174,212
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (23)
<ACCUMULATED-NET-GAINS> 50,761
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 331,281
<NET-ASSETS> 2,552,223
<DIVIDEND-INCOME> 34,131
<INTEREST-INCOME> 11,648
<OTHER-INCOME> 0
<EXPENSES-NET> (13,845)
<NET-INVESTMENT-INCOME> 31,934
<REALIZED-GAINS-CURRENT> 50,761
<APPREC-INCREASE-CURRENT> 331,281
<NET-CHANGE-FROM-OPS> 413,976
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (31,934)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> (23)
<NUMBER-OF-SHARES-SOLD> 175,300
<NUMBER-OF-SHARES-REDEEMED> (3,227)
<SHARES-REINVESTED> 2,139
<NET-CHANGE-IN-ASSETS> 2,552,223
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,999
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 51,610
<AVERAGE-NET-ASSETS> 1,569,244
<PER-SHARE-NAV-BEGIN> 11.35
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 3.30
<PER-SHARE-DIVIDEND> (0.26)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.65
<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 ANNUAL REPORT DATED NOVEMBER 30, 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> 11-MOS
<FISCAL-YEAR-END> NOV-30-1995
<PERIOD-START> JAN-13-1995
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 2,246,316
<INVESTMENTS-AT-VALUE> 2,605,211
<RECEIVABLES> 2,242
<ASSETS-OTHER> 10,917
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,618,370
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 32,877
<TOTAL-LIABILITIES> 32,877
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,222,163
<SHARES-COMMON-STOCK> 140,641
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,435
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 358,895
<NET-ASSETS> 2,585,493
<DIVIDEND-INCOME> 3,411
<INTEREST-INCOME> 10,764
<OTHER-INCOME> 0
<EXPENSES-NET> (16,354)
<NET-INVESTMENT-INCOME> (2,179)
<REALIZED-GAINS-CURRENT> 6,614
<APPREC-INCREASE-CURRENT> 358,895
<NET-CHANGE-FROM-OPS> 363,330
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 142,290
<NUMBER-OF-SHARES-REDEEMED> (1,649)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,585,493
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,632
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 59,978
<AVERAGE-NET-ASSETS> 1,854,034
<PER-SHARE-NAV-BEGIN> 14.98
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 3.42
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.38
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
