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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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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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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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SIGNATURE WENDY MCGEE
TITLE LEGAL ASSISTANT
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<ARTICLE> 6
<CIK> 0000861106
<NAME> MARINER MUTUAL FUNDS TRUST
<SERIES>
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<NAME> TOTAL RETURN EQUITY FUND
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<CIK> 0000861106
<NAME> MARINER MUTUAL FUNDS TRUST
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<CIK> 0000861106
<NAME> MARINER MUTUAL FUNDS TRUST
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<NAME> SMALL CAP FUND
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<CIK> 0000861106
<NAME> MARINER MUTUAL FUNDS TRUST
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<NAME> FIXED INCOME FUND
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<CIK> 0000861106
<NAME> MARINER MUTUAL FUNDS TRUST
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<NAME> SHORT-TERM FIXED INCOME FUND
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<CIK> 0000861106
<NAME> MARINER MUTUAL FUNDS TRUST
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<NAME> U.S. GOVERNMENT SECURITIES FUND
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<CIK> 0000861106
<NAME> MARINER MUTUAL FUNDS TRUST
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<NAME> INTERNATIONAL EQUITY FUND - SERVICE CLASS
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<CIK> 0000861106
<NAME> MARINER MUTUAL FUNDS TRUST
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