INFINITY MUTUAL FUNDS INC
NSAR-A, 1996-08-29
Previous: INFINITY MUTUAL FUNDS INC, 485APOS, 1996-08-29
Next: RIVERFRONT FUNDS INC, NSAR-A, 1996-08-29



<PAGE>      PAGE  1
000 A000000 06/30/96
000 C000000 0000862063
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE INFINITY MUTUAL FUNDS, INC.
001 B000000 811-6076
001 C000000 6144708000
002 A000000 3435 STELZER ROAD
002 B000000 COLUMBUS
002 C000000 OH
002 D010000 43219
002 D020000 3035
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  9
007 C010100  1
007 C010200  2
007 C020200 ALPHA GOVERNMENT SECURITIES PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 BEA SHORT DURATION PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 CORRESPONDENT CASH RESERVES MM PORTFOLIO
007 C030400 N
007 C010500  5
007 C010600  6
007 C020600 VALUESTAR PRIME MONEY MARKET PORTFOLIO
007 C030600 N
007 C010700  7
007 C020700 VALUESTAR US TREASURY MONEY MARKET PORTFOLIO
007 C030700 N
007 C010800  8
007 C020800 VALUESTAR TENNESSE TAX-EXEMPT BOND PORTFOLIO
007 C030800 N
007 C010900  9
007 C020900 VALUESTAR SHORT-INTERMEDIATE DURATION BOND PO
007 C030900 N
007 C011000 10
007 C021000 VALUESTAR CAPITAL GROWTH PORTFOLIO
007 C031000 N
007 C011100 11
007 C021100 VALUESTAR INVESTMENT GRADE BOND PORTFLIO
<PAGE>      PAGE  2
007 C031100 N
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
011 A00AA01 CONCORD FINANCIAL GROUP, INC.
011 B00AA01 8-00000000
011 C01AA01 COLUMBUS
011 C02AA01 OH
011 C03AA01 43219
012 A00AA01 BISYS FUND SERVICES OHIO, INC.
012 B00AA01 85-0000000
012 C01AA01 COLUMBUS
012 C02AA01 OH
012 C03AA01 43219
013 A00AA01 KPMG PEAT MARWICK
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
015 A00AA01 THE BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10286
015 E01AA01 X
020 A000001 INTERSTATE/JOHNSON LANE CORP.
020 B000001 56-0276690
020 C000001     15
020 A000002 SMITH BARNEY HOLDINGS INC.
020 B000002 13-1912900
020 C000002      6
020 A000003 MORGAN KEEGAN & COMPANY, INC.
020 B000003 64-0474907
020 C000003      5
020 A000004 DONALDSON, LUFKIN & JENRETTE SEC.CORP.
020 B000004 13-2741729
020 C000004      3
020 A000005 MORGAN STANLEY GROUP INC.
020 B000005 13-2655998
020 C000005      3
020 A000006 SMITH BARNEY INC.
020 B000006 13-1912900
020 C000006      2
020 A000007 GOLDMAN SACHS GROUP LP
020 B000007 13-5108880
020 C000007      2
<PAGE>      PAGE  3
020 A000008 PAINEWEBBER INC.
020 B000008 13-2638166
020 C000008      2
020 A000009 MORGAN STANLEY & CO. INC.
020 C000009      1
020 A000010 HANCOCK
020 C000010      1
021  000000       39
022 A000001 NOMURA SECURITIES INTERNATIONAL INC.
022 C000001   4645590
022 D000001         0
022 A000002 GOLDMAN SACHS & CO.
022 C000002   4218368
022 D000002      9503
022 A000003 FUJI BANK & TRUST CO.
022 C000003   2843317
022 D000003         0
022 A000004 PRUDENTIAL SECURITIES INC.
022 C000004   2745998
022 D000004     10940
022 A000005 DAIWA BANK, LIMITED
022 C000005   2741262
022 D000005         0
022 A000006 MERRILL LYNCH & COMPANY, INC.
022 C000006   1973038
022 D000006     22023
022 A000007 LEHMAN SECURITIES, INC.
022 C000007   1546574
022 D000007      1734
022 A000008 J.M. LUMMIS
022 C000008   1197800
022 D000008         0
022 A000009 SANWA BANK LIMITED
022 C000009   1020125
022 D000009    114665
022 A000010 MORGAN STANLEY & CO. INC.
022 C000010    961300
022 D000010     13705
023 C000000   23893372
023 D000000     172570
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
034  00AA00 N
<PAGE>      PAGE  4
035  00AA00      0
036 B00AA00      0
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
077 A000000 N
078  000000 N
008 A000201 BEA ASSOCIATES
008 B000201 A
008 C000201 801-000000
008 D010201 NEW YORK
008 D020201 NY
008 D030201 10019
010 A000201 CONCORD HOLDING CORPORATION
010 C010201 COLUMBUS
010 C020201 OH
010 C030201 43219
018  000200 N
019 A000200 Y
019 B000200    9
019 C000200 INFINFUNDS
024  000200 Y
025 A000201 NOMURA SECURITIES INTERNATIONAL
025 C000201 D
025 D000201    2800
025 A000202 MORGAN STANLEY
025 C000202 D
025 D000202    3000
<PAGE>      PAGE  5
025 D000203       0
025 D000204       0
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200     44466
028 A020200       186
028 A030200         0
028 A040200     58724
028 B010200     41912
028 B020200       146
028 B030200         0
028 B040200     43033
028 C010200     51765
028 C020200       180
028 C030200         0
028 C040200     46611
028 D010200     37415
028 D020200       128
028 D030200         0
028 D040200     52670
028 E010200     38985
028 E020200        84
028 E030200         0
028 E040200     37942
028 F010200     32461
028 F020200        34
028 F030200         0
028 F040200     32077
028 G010200    247004
028 G020200       758
028 G030200         0
028 G040200    271057
028 H000200         0
029  000200 N
030 A000200      0
030 B000200  0.00
030 C000200  0.00
031 A000200      0
031 B000200      0
032  000200      0
033  000200      0
037  000200 N
038  000200      0
039  000200 N
040  000200 N
041  000200 N
045  000200 Y
046  000200 N
047  000200 Y
<PAGE>      PAGE  6
048  000200  0.100
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
061  000200     1000
062 A000200 Y
062 B000200   0.0
062 C000200  72.6
062 D000200  27.9
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200  17
063 B000200  0.0
064 A000200 N
064 B000200 N
066 A000200 N
<PAGE>      PAGE  7
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200         0
071 B000200         0
071 C000200         0
071 D000200    0
072 A000200  6
072 B000200     1038
072 C000200        0
072 D000200        0
072 E000200        0
072 F000200       20
072 G000200       25
<PAGE>      PAGE  8
072 H000200        0
072 I000200       16
072 J000200       47
072 K000200        0
072 L000200        6
072 M000200        2
072 N000200        3
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200       10
072 S000200       14
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200       92
072 X000200      235
072 Y000200       68
072 Z000200      876
072AA000200        0
072BB000200        0
072CC010200        0
072CC020200        0
072DD010200      876
072DD020200        0
072EE000200        0
073 A010200   0.0222
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200    14742
074 B000200     8800
074 C000200    22927
074 D000200        0
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200        0
074 K000200        0
074 L000200     2442
074 M000200       21
074 N000200    48932
074 O000200    11799
074 P000200       19
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200     5529
<PAGE>      PAGE  9
074 S000200        0
074 T000200    31585
074 U010200    31610
074 U020200        0
074 V010200     1.00
074 V020200     0.00
074 W000200   0.9991
074 X000200       65
074 Y000200        0
075 A000200    39321
075 B000200        0
076  000200     0.00
008 A000301 BEA ASSOCIATES
008 B000301 A
008 C000301 801-000000
008 D010301 NEW YORK
008 D020301 NY
008 D030301 10019
010 A000301 CONCORD HOLDING CORPORATION
010 C010301 COLUMBUS
010 C020301 OH
010 C030301 43219
018  000300 N
019 A000300 Y
019 B000300    9
019 C000300 INFINFUNDS
024  000300 Y
025 A000301 NOMURA ASSET SECURITIES CORP.
025 C000301 D
025 D000301    1240
025 D000302       0
025 D000303       0
025 D000304       0
025 D000305       0
025 D000306       0
025 D000307       0
025 D000308       0
028 A010300         3
028 A020300       545
028 A030300         0
028 A040300       605
028 B010300        81
028 B020300       548
028 B030300         0
028 B040300       747
028 C010300        20
028 C020300       521
028 C030300         0
028 C040300     33817
028 D010300       309
028 D020300       371
<PAGE>      PAGE  10
028 D030300         0
028 D040300       643
028 E010300         0
028 E020300       370
028 E030300         0
028 E040300        66
028 F010300       210
028 F020300       375
028 F030300         0
028 F040300       236
028 G010300       623
028 G020300      2730
028 G030300         0
028 G040300     36114
028 H000300         0
029  000300 N
030 A000300      0
030 B000300  0.00
030 C000300  0.00
031 A000300      0
031 B000300      0
032  000300      0
033  000300      0
037  000300 N
038  000300      0
039  000300 N
040  000300 Y
041  000300 Y
042 A000300   0
042 B000300   0
042 C000300   0
042 D000300 100
042 E000300   0
042 F000300   0
042 G000300   0
042 H000300   0
043  000300      0
044  000300      0
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.150
048 A010300        0
048 A020300 0.000
048 B010300        0
048 B020300 0.000
048 C010300        0
048 C020300 0.000
048 D010300        0
048 D020300 0.000
048 E010300        0
<PAGE>      PAGE  11
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
048 K010300        0
048 K020300 0.000
058 A000300 N
059  000300 Y
060 A000300 N
060 B000300 N
061  000300   100000
062 A000300 Y
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300  19.7
062 K000300   0.0
062 L000300   0.0
062 M000300   0.0
062 N000300  28.7
062 O000300   0.0
062 P000300  51.2
062 Q000300   0.4
062 R000300   0.0
063 A000300   0
063 B000300  6.2
064 A000300 N
064 B000300 N
066 A000300 N
067  000300 N
068 A000300 N
068 B000300 N
069  000300 N
070 A010300 Y
070 A020300 Y
070 B010300 N
070 B020300 N
070 C010300 Y
070 C020300 Y
<PAGE>      PAGE  12
070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 Y
070 I020300 N
070 J010300 Y
070 J020300 Y
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 Y
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300     12868
071 B000300     47298
071 C000300     81177
071 D000300   16
072 A000300  6
072 B000300     2848
072 C000300        0
072 D000300        0
072 E000300        0
072 F000300       67
072 G000300       53
072 H000300        0
072 I000300       41
072 J000300       38
072 K000300        0
072 L000300       11
072 M000300        2
072 N000300       15
072 O000300        0
072 P000300        0
072 Q000300        0
<PAGE>      PAGE  13
072 R000300       12
072 S000300       10
072 T000300        0
072 U000300        9
072 V000300        0
072 W000300       14
072 X000300      272
072 Y000300       34
072 Z000300     2610
072AA000300      327
072BB000300        0
072CC010300      302
072CC020300        0
072DD010300     2227
072DD020300      383
072EE000300        0
073 A010300   0.1500
073 A020300   0.1400
073 B000300   0.0000
073 C000300   0.0000
074 A000300      168
074 B000300        0
074 C000300    15100
074 D000300    61156
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300       41
074 J000300        0
074 K000300       41
074 L000300      476
074 M000300       49
074 N000300    77031
074 O000300        0
074 P000300       19
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300      419
074 S000300        0
074 T000300    76593
074 U010300    15408
074 U020300       20
074 V010300     4.96
074 V020300     4.96
074 W000300   0.0000
074 X000300       29
074 Y000300        0
075 A000300        0
<PAGE>      PAGE  14
075 B000300    76241
076  000300     0.00
008 A000401 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000401 A
008 C000401 801-000000
008 D010401 NEW YORK
008 D020401 NY
008 D030401 10019
010 A000401 CONCORD HOLDING CORPORATION
010 C010401 COLUMBUS
010 C020401 OH
010 C030401 43219
018  000400 N
019 A000400 Y
019 B000400    9
019 C000400 INFINFUNDS
024  000400 Y
025 A000401 FUJI BANK LTD.
025 C000401 D
025 D000401   45000
025 A000402 SANWA BANK LTD.
025 C000402 D
025 D000402   27000
025 A000403 MERRILL LYNCH & CO.
025 C000403 D
025 D000403    9836
025 A000404 MORGAN STANLEY GROUP, INC.
025 C000404 D
025 D000404   42949
025 A000405 GOLDMAN SACHS GROUP
025 C000405 D
025 D000405    5000
025 A000406 MERRILL LYNCH & CO., INC.
025 C000406 D
025 D000406   22850
025 A000407 DAIWA SECURITIES AMERICA, INC.
025 C000407 D
025 D000407   22301
025 D000408       0
028 A010400    500867
028 A020400      3052
028 A030400         0
028 A040400    452748
028 B010400    421684
028 B020400      3012
028 B030400         0
028 B040400    362234
028 C010400    462164
028 C020400      3040
028 C030400         0
028 C040400    477810
<PAGE>      PAGE  15
028 D010400    443492
028 D020400      3887
028 D030400         0
028 D040400    481866
028 E010400    525989
028 E020400      3051
028 E030400         0
028 E040400    485738
028 F010400    480803
028 F020400      3672
028 F030400         0
028 F040400    458575
028 G010400   2834999
028 G020400     19714
028 G030400         0
028 G040400   2718971
028 H000400         0
029  000400 N
030 A000400      0
030 B000400  0.00
030 C000400  0.00
031 A000400      0
031 B000400      0
032  000400      0
033  000400      0
037  000400 N
038  000400      0
039  000400 N
040  000400 Y
041  000400 Y
042 A000400   0
042 B000400   0
042 C000400   0
042 D000400 100
042 E000400   0
042 F000400   0
042 G000400   0
042 H000400   0
043  000400   2636
044  000400      0
045  000400 Y
046  000400 N
047  000400 Y
048  000400  0.100
048 A010400        0
048 A020400 0.000
048 B010400        0
048 B020400 0.000
048 C010400        0
048 C020400 0.000
048 D010400        0
<PAGE>      PAGE  16
048 D020400 0.000
048 E010400        0
048 E020400 0.000
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
058 A000400 N
059  000400 Y
060 A000400 Y
060 B000400 Y
061  000400        0
062 A000400 Y
062 B000400   0.0
062 C000400   9.4
062 D000400   2.3
062 E000400   0.0
062 F000400   2.1
062 G000400  16.7
062 H000400   1.0
062 I000400  42.1
062 J000400   0.0
062 K000400   0.0
062 L000400  27.1
062 M000400   0.0
062 N000400   0.0
062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
063 A000400  57
063 B000400  0.0
064 A000400 N
064 B000400 N
066 A000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
<PAGE>      PAGE  17
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 N
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400         0
071 B000400         0
071 C000400         0
071 D000400    0
072 A000400  6
072 B000400    25032
072 C000400        0
072 D000400        0
072 E000400        0
072 F000400      455
072 G000400      455
072 H000400        0
072 I000400      203
072 J000400       61
072 K000400        0
072 L000400        4
072 M000400       15
072 N000400       87
072 O000400        0
<PAGE>      PAGE  18
072 P000400        0
072 Q000400        0
072 R000400       11
072 S000400       40
072 T000400     2636
072 U000400       11
072 V000400        0
072 W000400      451
072 X000400     4429
072 Y000400      668
072 Z000400    21271
072AA000400       49
072BB000400        0
072CC010400        0
072CC020400        0
072DD010400    20400
072DD020400      871
072EE000400        0
073 A010400   0.0232
073 A020400   0.0258
073 B000400   0.0003
073 C000400   0.0000
074 A000400        1
074 B000400    22301
074 C000400   943268
074 D000400        0
074 E000400        0
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400    54436
074 K000400        0
074 L000400   103096
074 M000400      241
074 N000400  1123343
074 O000400    80281
074 P000400      592
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400    88182
074 S000400        0
074 T000400   954288
074 U010400   923067
074 U020400    32284
074 V010400     1.00
074 V020400     1.00
074 W000400   0.9985
074 X000400    36819
<PAGE>      PAGE  19
074 Y000400        0
075 A000400   880392
075 B000400        0
076  000400     0.00
008 A000601 FIRST AMERICAN NATIONAL BANK
008 B000601 A
008 C000601 801-000000
008 D010601 NASHVILLE
008 D020601 TN
008 D030601 37237
008 A000602 BARNETT BANKS TRUST COMPANY, N.A.
008 B000602 S
008 C000602 801-111111
008 D010602 JACKSONVILLE
008 D020602 FL
008 D030602 32256
010 A000601 BISYS FUND SERVICES LIMITED PARTNERSHIP
010 C010601 COLUMBUS
010 C020601 OH
010 C030601 43219
018  000600 N
019 A000600 Y
019 B000600    9
019 C000600 INFINFUNDS
024  000600 Y
025 A000601 FUJI BANK & TRUST CO.
025 C000601 D
025 D000601   15609
025 A000602 MORGAN STANLEY & CO., INC.
025 C000602 D
025 D000602    5000
025 A000603 SANWA BANK LIMITED
025 C000603 D
025 D000603    1995
025 D000604       0
025 D000605       0
025 D000606       0
025 D000607       0
025 D000608       0
028 A010600     22137
028 A020600         0
028 A030600         0
028 A040600     16860
028 B010600     22507
028 B020600         3
028 B030600         0
028 B040600     27199
028 C010600     34214
028 C020600         3
028 C030600         0
028 C040600     18323
<PAGE>      PAGE  20
028 D010600     28809
028 D020600         3
028 D030600         0
028 D040600     35343
028 E010600     25265
028 E020600         2
028 E030600         0
028 E040600     30127
028 F010600     21940
028 F020600         2
028 F030600         0
028 F040600     20432
028 G010600    154872
028 G020600        13
028 G030600         0
028 G040600    148284
028 H000600         0
029  000600 N
030 A000600      0
030 B000600  0.00
030 C000600  0.00
031 A000600      0
031 B000600      0
032  000600      0
033  000600      0
037  000600 N
038  000600      0
039  000600 N
040  000600 N
041  000600 N
042 A000600   0
042 B000600   0
042 C000600   0
042 D000600   0
042 E000600   0
042 F000600   0
042 G000600   0
042 H000600   0
043  000600      0
044  000600      0
045  000600 Y
046  000600 N
047  000600 Y
048  000600  0.250
048 A010600        0
048 A020600 0.000
048 B010600        0
048 B020600 0.000
048 C010600        0
048 C020600 0.000
048 D010600        0
<PAGE>      PAGE  21
048 D020600 0.000
048 E010600        0
048 E020600 0.000
048 F010600        0
048 F020600 0.000
048 G010600        0
048 G020600 0.000
048 H010600        0
048 H020600 0.000
048 I010600        0
048 I020600 0.000
048 J010600        0
048 J020600 0.000
048 K010600        0
048 K020600 0.000
058 A000600 N
059  000600 Y
060 A000600 Y
060 B000600 Y
061  000600     1000
062 A000600 Y
062 B000600   0.0
062 C000600   0.0
062 D000600  19.3
062 E000600   0.0
062 F000600   0.0
062 G000600   8.5
062 H000600   0.0
062 I000600  42.2
062 J000600   2.8
062 K000600   0.0
062 L000600  27.3
062 M000600   0.0
062 N000600   0.0
062 O000600   0.0
062 P000600   0.0
062 Q000600   0.0
062 R000600   0.0
063 A000600  43
063 B000600  0.0
064 A000600 N
064 B000600 N
066 A000600 N
067  000600 N
068 A000600 N
068 B000600 N
069  000600 N
070 A010600 Y
070 A020600 Y
070 B010600 N
070 B020600 N
<PAGE>      PAGE  22
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 Y
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 Y
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600         0
071 B000600         0
071 C000600         0
071 D000600    0
072 A000600  6
072 B000600     1957
072 C000600        0
072 D000600        0
072 E000600        0
072 F000600       88
072 G000600       35
072 H000600        0
072 I000600       14
072 J000600       39
072 K000600        0
072 L000600        6
072 M000600        3
072 N000600        2
072 O000600        0
<PAGE>      PAGE  23
072 P000600        0
072 Q000600        0
072 R000600        8
072 S000600        6
072 T000600        0
072 U000600        6
072 V000600        0
072 W000600       91
072 X000600      298
072 Y000600       89
072 Z000600     1747
072AA000600        0
072BB000600        0
072CC010600        0
072CC020600        0
072DD010600     1747
072DD020600        0
072EE000600        0
073 A010600   0.0245
073 A020600   0.0000
073 B000600   0.0000
073 C000600   0.0000
074 A000600        0
074 B000600    13609
074 C000600    56962
074 D000600        0
074 E000600        0
074 F000600        0
074 G000600        0
074 H000600        0
074 I000600        0
074 J000600    28503
074 K000600        0
074 L000600      276
074 M000600       49
074 N000600    99399
074 O000600    27535
074 P000600       21
074 Q000600        0
074 R010600        0
074 R020600        0
074 R030600        0
074 R040600     1320
074 S000600        0
074 T000600    70523
074 U010600    70523
074 U020600        0
074 V010600     1.00
074 V020600     0.00
074 W000600   0.9997
074 X000600       32
<PAGE>      PAGE  24
074 Y000600        0
075 A000600    71745
075 B000600        0
076  000600     0.00
008 A000701 FIRST AMERICAN NATIONAL BANK
008 B000701 A
008 C000701 801-000000
008 D010701 NASHVILLE
008 D020701 TN
008 D030701 37237
010 A000701 BISYS FUND SERVICES LIMITED PARTNERSHIP
010 C010701 COLUMBUS
010 C020701 OH
010 C030701 43219
018  000700 N
019 A000700 Y
019 B000700    9
019 C000700 INFINFUNDS
024  000700 Y
025 A000701 PRUDENTIAL SECURITIES INC.
025 C000701 D
025 D000701   40000
025 A000702 GOLDMAN SACHS & CO.
025 C000702 D
025 D000702   35299
025 D000703       0
025 D000704       0
025 D000705       0
025 D000706       0
025 D000707       0
025 D000708       0
028 A010700     20971
028 A020700         0
028 A030700         0
028 A040700     26440
028 B010700     26748
028 B020700         4
028 B030700         0
028 B040700     22350
028 C010700     19014
028 C020700         4
028 C030700         0
028 C040700     18937
028 D010700     23226
028 D020700         5
028 D030700         0
028 D040700     22319
028 E010700     52178
028 E020700         5
028 E030700         0
028 E040700     30567
<PAGE>      PAGE  25
028 F010700     36970
028 F020700         5
028 F030700         0
028 F040700     25573
028 G010700    179107
028 G020700        23
028 G030700         0
028 G040700    146186
028 H000700         0
029  000700 N
030 A000700      0
030 B000700  0.00
030 C000700  0.00
031 A000700      0
031 B000700      0
032  000700      0
033  000700      0
037  000700 N
038  000700      0
039  000700 N
040  000700 N
041  000700 N
042 A000700   0
042 B000700   0
042 C000700   0
042 D000700   0
042 E000700   0
042 F000700   0
042 G000700   0
042 H000700   0
043  000700      0
044  000700      0
045  000700 Y
046  000700 N
047  000700 Y
048  000700  0.250
048 A010700        0
048 A020700 0.000
048 B010700        0
048 B020700 0.000
048 C010700        0
048 C020700 0.000
048 D010700        0
048 D020700 0.000
048 E010700        0
048 E020700 0.000
048 F010700        0
048 F020700 0.000
048 G010700        0
048 G020700 0.000
048 H010700        0
<PAGE>      PAGE  26
048 H020700 0.000
048 I010700        0
048 I020700 0.000
048 J010700        0
048 J020700 0.000
048 K010700        0
048 K020700 0.000
058 A000700 N
059  000700 Y
060 A000700 Y
060 B000700 Y
061  000700     1000
062 A000700 Y
062 B000700  46.7
062 C000700   0.0
062 D000700  53.7
062 E000700   0.0
062 F000700   0.0
062 G000700   0.0
062 H000700   0.0
062 I000700   0.0
062 J000700   0.0
062 K000700   0.0
062 L000700   0.0
062 M000700   0.0
062 N000700   0.0
062 O000700   0.0
062 P000700   0.0
062 Q000700   0.0
062 R000700   0.0
063 A000700  36
063 B000700  0.0
064 A000700 N
064 B000700 N
066 A000700 N
067  000700 N
068 A000700 N
068 B000700 N
069  000700 N
070 A010700 Y
070 A020700 Y
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
<PAGE>      PAGE  27
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700         0
071 B000700         0
071 C000700         0
071 D000700    0
072 A000700  6
072 B000700     4589
072 C000700        0
072 D000700        0
072 E000700        0
072 F000700      218
072 G000700       87
072 H000700        0
072 I000700       14
072 J000700       41
072 K000700        0
072 L000700        4
072 M000700        4
072 N000700        6
072 O000700        0
072 P000700        0
072 Q000700        0
072 R000700        7
072 S000700       13
072 T000700        0
072 U000700        6
072 V000700        0
072 W000700      234
<PAGE>      PAGE  28
072 X000700      634
072 Y000700      225
072 Z000700     4180
072AA000700        0
072BB000700        0
072CC010700        0
072CC020700        0
072DD010700     4180
072DD020700        0
072EE000700        0
073 A010700   0.0239
073 A020700   0.0000
073 B000700   0.0000
073 C000700   0.0000
074 A000700    47198
074 B000700   108106
074 C000700    94010
074 D000700        0
074 E000700        0
074 F000700        0
074 G000700        0
074 H000700        0
074 I000700        0
074 J000700        0
074 K000700        0
074 L000700       63
074 M000700       75
074 N000700   249452
074 O000700    32807
074 P000700       60
074 Q000700        0
074 R010700        0
074 R020700        0
074 R030700        0
074 R040700    15213
074 S000700        0
074 T000700   201372
074 U010700   201372
074 U020700        0
074 V010700     1.00
074 V020700     0.00
074 W000700   0.9997
074 X000700       11
074 Y000700        0
075 A000700   175210
075 B000700        0
076  000700     0.00
008 A000801 FIRST AMERICAN NATIONAL BANK
008 B000801 A
008 C000801 801-000000
008 D010801 NASHVILLE
<PAGE>      PAGE  29
008 D020801 TN
008 D030801 37237
010 A000801 BISYS FUND SERVICES LIMITED PARTNERSHIP
010 C010801 COLUMBUS
010 C020801 OH
010 C030801 43219
018  000800 N
019 A000800 Y
019 B000800    9
019 C000800 INFINFUNDS
024  000800 N
028 A010800       592
028 A020800         0
028 A030800         0
028 A040800       626
028 B010800       851
028 B020800        16
028 B030800         0
028 B040800       671
028 C010800       588
028 C020800        16
028 C030800         0
028 C040800       745
028 D010800       322
028 D020800        16
028 D030800         0
028 D040800      1077
028 E010800      1830
028 E020800        15
028 E030800         0
028 E040800       283
028 F010800      1268
028 F020800        17
028 F030800         0
028 F040800      1231
028 G010800      5451
028 G020800        80
028 G030800         0
028 G040800      4633
028 H000800      5451
029  000800 Y
030 A000800      0
030 B000800  3.00
030 C000800  0.00
031 A000800      0
031 B000800      0
032  000800      0
033  000800      0
037  000800 N
038  000800      0
039  000800 N
<PAGE>      PAGE  30
040  000800 Y
041  000800 Y
042 A000800   0
042 B000800   0
042 C000800   0
042 D000800 100
042 E000800   0
042 F000800   0
042 G000800   0
042 H000800   0
043  000800    114
044  000800      0
045  000800 Y
046  000800 N
047  000800 Y
048  000800  0.500
048 A010800        0
048 A020800 0.000
048 B010800        0
048 B020800 0.000
048 C010800        0
048 C020800 0.000
048 D010800        0
048 D020800 0.000
048 E010800        0
048 E020800 0.000
048 F010800        0
048 F020800 0.000
048 G010800        0
048 G020800 0.000
048 H010800        0
048 H020800 0.000
048 I010800        0
048 I020800 0.000
048 J010800        0
048 J020800 0.000
048 K010800        0
048 K020800 0.000
058 A000800 N
059  000800 Y
060 A000800 N
060 B000800 N
061  000800     1000
062 A000800 Y
062 B000800   0.0
062 C000800   0.0
062 D000800   0.0
062 E000800   0.0
062 F000800   0.0
062 G000800   0.0
062 H000800   0.0
<PAGE>      PAGE  31
062 I000800   0.0
062 J000800   0.0
062 K000800   0.0
062 L000800   7.8
062 M000800   0.0
062 N000800   0.0
062 O000800  92.9
062 P000800   0.0
062 Q000800   0.0
062 R000800   0.0
063 A000800   0
063 B000800 11.1
064 A000800 Y
064 B000800 N
066 A000800 N
067  000800 N
068 A000800 N
068 B000800 N
069  000800 N
070 A010800 Y
070 A020800 N
070 B010800 N
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 N
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 Y
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 N
070 P020800 N
<PAGE>      PAGE  32
070 Q010800 Y
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800     78664
071 B000800     81870
071 C000800     90595
071 D000800   87
072 A000800  6
072 B000800     2327
072 C000800       33
072 D000800        0
072 E000800        0
072 F000800      228
072 G000800       69
072 H000800        0
072 I000800       11
072 J000800       45
072 K000800        0
072 L000800        7
072 M000800        3
072 N000800        0
072 O000800        0
072 P000800        0
072 Q000800        0
072 R000800        9
072 S000800        9
072 T000800      114
072 U000800        6
072 V000800        0
072 W000800        4
072 X000800      505
072 Y000800      114
072 Z000800     1969
072AA000800        0
072BB000800      855
072CC010800        0
072CC020800     3050
072DD010800     1968
072DD020800        0
072EE000800        0
073 A010800   0.2100
073 A020800   0.0000
073 B000800   0.0000
073 C000800   0.0000
074 A000800        0
074 B000800        0
074 C000800        0
074 D000800    84638
074 E000800        0
074 F000800        0
<PAGE>      PAGE  33
074 G000800        0
074 H000800        0
074 I000800     7107
074 J000800     6294
074 K000800        0
074 L000800     1699
074 M000800       43
074 N000800    99781
074 O000800     8117
074 P000800       49
074 Q000800        0
074 R010800        0
074 R020800        0
074 R030800        0
074 R040800      477
074 S000800        0
074 T000800    91138
074 U010800     9330
074 U020800        0
074 V010800     9.77
074 V020800     0.00
074 W000800   0.0000
074 X000800        7
074 Y000800        0
075 A000800        0
075 B000800    91895
076  000800     0.00
008 A000901 FIRST AMERICAN NATIONAL BANK
008 B000901 A
008 C000901 801-000000
008 D010901 NASHVILLE
008 D020901 TN
008 D030901 37237
010 A000901 BISYS FUND SERVICES LIMITED PARTNERSHIP
010 C010901 COLUMBUS
010 C020901 OH
010 C030901 43219
018  000900 N
019 A000900 Y
019 B000900    9
019 C000900 INFINFUNDS
024  000900 Y
025 A000901 MERRILL LYNCH & CO., INC.
025 C000901 D
025 D000901    1991
025 D000902       0
025 D000903       0
025 D000904       0
025 D000905       0
025 D000906       0
025 D000907       0
<PAGE>      PAGE  34
025 D000908       0
028 A010900      3838
028 A020900         0
028 A030900         0
028 A040900      1145
028 B010900      2591
028 B020900       249
028 B030900         0
028 B040900      1044
028 C010900      2572
028 C020900       240
028 C030900         0
028 C040900      2942
028 D010900      2022
028 D020900       255
028 D030900         0
028 D040900      1667
028 E010900      1218
028 E020900       250
028 E030900         0
028 E040900      1691
028 F010900      2713
028 F020900       260
028 F030900         0
028 F040900      4351
028 G010900     14954
028 G020900      1254
028 G030900         0
028 G040900     12840
028 H000900     14954
029  000900 Y
030 A000900      0
030 B000900  3.00
030 C000900  0.00
031 A000900      0
031 B000900      0
032  000900      0
033  000900      0
037  000900 N
038  000900      0
039  000900 N
040  000900 Y
041  000900 Y
042 A000900   0
042 B000900   0
042 C000900   0
042 D000900 100
042 E000900   0
042 F000900   0
042 G000900   0
042 H000900   0
<PAGE>      PAGE  35
043  000900    133
044  000900      0
045  000900 Y
046  000900 N
047  000900 Y
048  000900  0.500
048 A010900        0
048 A020900 0.000
048 B010900        0
048 B020900 0.000
048 C010900        0
048 C020900 0.000
048 D010900        0
048 D020900 0.000
048 E010900        0
048 E020900 0.000
048 F010900        0
048 F020900 0.000
048 G010900        0
048 G020900 0.000
048 H010900        0
048 H020900 0.000
048 I010900        0
048 I020900 0.000
048 J010900        0
048 J020900 0.000
048 K010900        0
048 K020900 0.000
058 A000900 N
059  000900 Y
060 A000900 N
060 B000900 N
061  000900     1000
062 A000900 Y
062 B000900   0.0
062 C000900   0.0
062 D000900   0.0
062 E000900   0.0
062 F000900   0.0
062 G000900   0.0
062 H000900   0.0
062 I000900   1.9
062 J000900   0.0
062 K000900   0.0
062 L000900   1.0
062 M000900  31.2
062 N000900  14.2
062 O000900   0.0
062 P000900  50.6
062 Q000900   0.0
062 R000900   0.0
<PAGE>      PAGE  36
063 A000900   0
063 B000900  2.7
064 A000900 N
064 B000900 N
066 A000900 N
067  000900 N
068 A000900 N
068 B000900 N
069  000900 N
070 A010900 Y
070 A020900 N
070 B010900 N
070 B020900 N
070 C010900 Y
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 Y
070 L010900 Y
070 L020900 N
070 M010900 Y
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900     24520
071 B000900     21884
071 C000900     95189
071 D000900   23
072 A000900  6
072 B000900     3435
<PAGE>      PAGE  37
072 C000900       69
072 D000900        0
072 E000900        0
072 F000900      265
072 G000900       80
072 H000900        0
072 I000900       13
072 J000900       47
072 K000900        0
072 L000900        7
072 M000900        3
072 N000900        5
072 O000900        0
072 P000900        0
072 Q000900        0
072 R000900        8
072 S000900        9
072 T000900      133
072 U000900        6
072 V000900        0
072 W000900        5
072 X000900      581
072 Y000900      133
072 Z000900     3055
072AA000900        0
072BB000900       49
072CC010900        0
072CC020900     2107
072DD010900     3055
072DD020900        0
072EE000900        0
073 A010900   0.2900
073 A020900   0.0000
073 B000900   0.0000
073 C000900   0.0000
074 A000900        0
074 B000900        0
074 C000900     1991
074 D000900   100453
074 E000900        0
074 F000900        0
074 G000900        0
074 H000900        0
074 I000900     1069
074 J000900     3324
074 K000900        1
074 L000900     1718
074 M000900       42
074 N000900   108598
074 O000900     2555
074 P000900       56
<PAGE>      PAGE  38
074 Q000900        0
074 R010900        0
074 R020900        0
074 R030900        0
074 R040900     1394
074 S000900        0
074 T000900   104593
074 U010900    10537
074 U020900        0
074 V010900     9.93
074 V020900     0.00
074 W000900   0.0000
074 X000900        7
074 Y000900        0
075 A000900        0
075 B000900   106633
076  000900     0.00
008 A001001 FIRST AMERICAN NATIONAL BANK
008 B001001 A
008 C001001 801-000000
008 D011001 NASHVILLE
008 D021001 TN
008 D031001 37237
010 A001001 BISYS FUND SERVICES LIMITED PARTNERSHIP
010 C011001 COLUMBUS
010 C021001 OH
010 C031001 43219
018  001000 Y
019 A001000 Y
019 B001000    9
019 C001000 INFINFUNDS
024  001000 N
028 A011000         0
028 A021000         0
028 A031000         0
028 A041000         0
028 B011000         0
028 B021000         0
028 B031000         0
028 B041000         0
028 C011000         0
028 C021000         0
028 C031000         0
028 C041000         0
028 D011000       500
028 D021000         0
028 D031000         0
028 D041000       447
028 E011000        78
028 E021000         0
028 E031000         0
<PAGE>      PAGE  39
028 E041000        48
028 F011000       103
028 F021000         0
028 F031000         0
028 F041000        75
028 G011000       681
028 G021000         0
028 G031000         0
028 G041000       570
028 H001000       681
029  001000 Y
030 A001000      0
030 B001000  3.00
030 C001000  0.00
031 A001000      0
031 B001000      0
032  001000      0
033  001000      0
037  001000 N
038  001000      0
039  001000 N
040  001000 Y
041  001000 Y
042 A001000   0
042 B001000   0
042 C001000   0
042 D001000 100
042 E001000   0
042 F001000   0
042 G001000   0
042 H001000   0
043  001000     26
044  001000      0
045  001000 Y
046  001000 N
047  001000 Y
048  001000  0.650
048 A011000        0
048 A021000 0.000
048 B011000        0
048 B021000 0.000
048 C011000        0
048 C021000 0.000
048 D011000        0
048 D021000 0.000
048 E011000        0
048 E021000 0.000
048 F011000        0
048 F021000 0.000
048 G011000        0
048 G021000 0.000
<PAGE>      PAGE  40
048 H011000        0
048 H021000 0.000
048 I011000        0
048 I021000 0.000
048 J011000        0
048 J021000 0.000
048 K011000        0
048 K021000 0.000
058 A001000 N
059  001000 Y
060 A001000 N
060 B001000 N
061  001000     1000
062 A001000 N
062 B001000   0.0
062 C001000   0.0
062 D001000   0.0
062 E001000   0.0
062 F001000   0.0
062 G001000   0.0
062 H001000   0.0
062 I001000   0.0
062 J001000   0.0
062 K001000   0.0
062 L001000   0.0
062 M001000   0.0
062 N001000   0.0
062 O001000   0.0
062 P001000   0.0
062 Q001000   0.0
062 R001000   0.0
066 A001000 Y
066 C001000 Y
067  001000 N
068 A001000 N
068 B001000 N
069  001000 N
070 A011000 Y
070 A021000 Y
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
<PAGE>      PAGE  41
070 H011000 Y
070 H021000 N
070 I011000 Y
070 I021000 N
070 J011000 Y
070 J021000 Y
070 K011000 Y
070 K021000 Y
070 L011000 Y
070 L021000 Y
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 Y
070 R021000 N
071 A001000     16299
071 B001000     11014
071 C001000     37117
071 D001000   30
072 A001000  6
072 B001000       47
072 C001000       65
072 D001000        0
072 E001000        0
072 F001000       67
072 G001000       15
072 H001000        0
072 I001000        8
072 J001000       23
072 K001000        0
072 L001000        5
072 M001000        1
072 N001000        5
072 O001000        0
072 P001000        0
072 Q001000        0
072 R001000        4
072 S001000        3
072 T001000       26
072 U001000        3
072 V001000        0
072 W001000        0
072 X001000      160
072 Y001000       26
<PAGE>      PAGE  42
072 Z001000      -22
072AA001000        0
072BB001000      516
072CC011000     2313
072CC021000        0
072DD011000        0
072DD021000        0
072EE001000        0
073 A011000   0.0000
073 A021000   0.0000
073 B001000   0.0000
073 C001000   0.0000
074 A001000        0
074 B001000        0
074 C001000      995
074 D001000        0
074 E001000        0
074 F001000    40390
074 G001000        0
074 H001000        0
074 I001000      968
074 J001000        0
074 K001000        0
074 L001000       24
074 M001000       10
074 N001000    42387
074 O001000        5
074 P001000       32
074 Q001000        0
074 R011000        0
074 R021000        0
074 R031000        0
074 R041000       33
074 S001000        0
074 T001000    42317
074 U011000     4052
074 U021000        0
074 V011000    10.44
074 V021000     0.00
074 W001000   0.0000
074 X001000        5
074 Y001000        0
075 A001000        0
075 B001000    41401
076  001000     0.00
008 A001101 FIRST AMERICAN NATIONAL BANK
008 B001101 A
008 C001101 801-000000
008 D011101 NASHVILLE
008 D021101 TN
008 D031101 37237
<PAGE>      PAGE  43
010 A001101 BISYS FUND SERVICES LIMITED PARTNERSHIP
010 C011101 COLUMBUS
010 C021101 OH
010 C031101 43219
018  001100 N
019 A001100 Y
019 B001100    9
019 C001100 INFINFUNDS
024  001100 Y
025 A001101 MERRILL LYNCH & CO., INC.
025 C001101 D
025 D001101     996
025 D001102       0
025 D001103       0
025 D001104       0
025 D001105       0
025 D001106       0
025 D001107       0
025 D001108       0
028 A011100         0
028 A021100         0
028 A031100         0
028 A041100         0
028 B011100         0
028 B021100         0
028 B031100         0
028 B041100         0
028 C011100         0
028 C021100         0
028 C031100         0
028 C041100         0
028 D011100       923
028 D021100         0
028 D031100         0
028 D041100        63
028 E011100      1439
028 E021100        96
028 E031100         0
028 E041100       185
028 F011100       411
028 F021100        96
028 F031100         0
028 F041100       277
028 G011100      2773
028 G021100       192
028 G031100         0
028 G041100       525
028 H001100      2773
029  001100 Y
030 A001100      0
030 B001100  3.00
<PAGE>      PAGE  44
030 C001100  0.00
031 A001100      0
031 B001100      0
032  001100      0
033  001100      0
037  001100 N
038  001100      0
039  001100 N
040  001100 Y
041  001100 Y
042 A001100   0
042 B001100   0
042 C001100   0
042 D001100 100
042 E001100   0
042 F001100   0
042 G001100   0
042 H001100   0
043  001100     21
044  001100      0
045  001100 Y
046  001100 N
047  001100 Y
048  001100  0.500
048 A011100        0
048 A021100 0.000
048 B011100        0
048 B021100 0.000
048 C011100        0
048 C021100 0.000
048 D011100        0
048 D021100 0.000
048 E011100        0
048 E021100 0.000
048 F011100        0
048 F021100 0.000
048 G011100        0
048 G021100 0.000
048 H011100        0
048 H021100 0.000
048 I011100        0
048 I021100 0.000
048 J011100        0
048 J021100 0.000
048 K011100        0
048 K021100 0.000
058 A001100 N
059  001100 Y
060 A001100 N
060 B001100 N
061  001100     1000
<PAGE>      PAGE  45
062 A001100 Y
062 B001100   0.0
062 C001100   0.0
062 D001100   0.0
062 E001100   0.0
062 F001100   0.0
062 G001100   0.0
062 H001100   0.0
062 I001100   9.8
062 J001100   0.0
062 K001100   0.0
062 L001100   5.7
062 M001100  37.6
062 N001100   0.0
062 O001100   1.9
062 P001100  43.8
062 Q001100   0.0
062 R001100   0.0
063 A001100   0
063 B001100  8.2
064 A001100 N
064 B001100 N
066 A001100 N
067  001100 N
068 A001100 N
068 B001100 N
069  001100 N
070 A011100 Y
070 A021100 Y
070 B011100 N
070 B021100 N
070 C011100 N
070 C021100 N
070 D011100 N
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 N
070 F021100 N
070 G011100 N
070 G021100 N
070 H011100 N
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 N
<PAGE>      PAGE  46
070 M011100 N
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 Y
070 R021100 N
071 A001100     18658
071 B001100      6323
071 C001100     22236
071 D001100   28
072 A001100  6
072 B001100      581
072 C001100        0
072 D001100        0
072 E001100        0
072 F001100       43
072 G001100       13
072 H001100        0
072 I001100        8
072 J001100       23
072 K001100        0
072 L001100        1
072 M001100        1
072 N001100        4
072 O001100        0
072 P001100        0
072 Q001100        0
072 R001100        4
072 S001100        3
072 T001100       21
072 U001100        3
072 V001100        0
072 W001100        1
072 X001100      125
072 Y001100       21
072 Z001100      478
072AA001100        0
072BB001100      134
072CC011100        0
072CC021100      273
072DD011100      478
072DD021100        0
072EE001100        0
073 A011100   0.1400
073 A021100   0.0000
<PAGE>      PAGE  47
073 B001100   0.0000
073 C001100   0.0000
074 A001100        0
074 B001100        0
074 C001100     3492
074 D001100    29638
074 E001100        0
074 F001100        0
074 G001100        0
074 H001100        0
074 I001100     2044
074 J001100      228
074 K001100        0
074 L001100      582
074 M001100       10
074 N001100    35994
074 O001100        0
074 P001100       23
074 Q001100        0
074 R011100        0
074 R021100        0
074 R031100        0
074 R041100      404
074 S001100        0
074 T001100    35567
074 U011100     3600
074 U021100        0
074 V011100     9.88
074 V021100     0.00
074 W001100   0.0000
074 X001100        4
074 Y001100        0
075 A001100        0
075 B001100    34496
076  001100     0.00
SIGNATURE   AMY E. HAID                                  
TITLE       FIN RPTG. ANALYST   
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000862063
<NAME> INFINITY MUTUAL FUNDS INC.
<SERIES>
   <NUMBER> 2
   <NAME> ALPHA GOVERNMENT SECURITIES PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         31727101
<INVESTMENTS-AT-VALUE>                        31727101
<RECEIVABLES>                                  2441765
<ASSETS-OTHER>                                17205343
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                48932444
<PAYABLE-FOR-SECURITIES>                      11798620
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      5549083
<TOTAL-LIABILITIES>                           17347703
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      31741101
<SHARES-COMMON-STOCK>                         31609664
<SHARES-COMMON-PRIOR>                         54905770
<ACCUMULATED-NII-CURRENT>                         3563
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        159923
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                  31584741
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              1037831
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  161882
<NET-INVESTMENT-INCOME>                         875949
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           875949
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       875949
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      247004471
<NUMBER-OF-SHARES-REDEEMED>                  271058155
<SHARES-REINVESTED>                             757578
<NET-CHANGE-IN-ASSETS>                      (23296106)
<ACCUMULATED-NII-PRIOR>                           3563
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      159923
<GROSS-ADVISORY-FEES>                            19553
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 234622
<AVERAGE-NET-ASSETS>                          39321222
<PER-SHARE-NAV-BEGIN>                            0.999
<PER-SHARE-NII>                                  0.022
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             0.022
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              0.999
<EXPENSE-RATIO>                                   0.83
<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
<CIK> 0000862063
<NAME> INFINITY MUTUAL FUNDS INC.
<SERIES>
   <NUMBER> 3
   <NAME> BEA SHORT DURATION PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         75995039
<INVESTMENTS-AT-VALUE>                        76296851
<RECEIVABLES>                                   517473
<ASSETS-OTHER>                                  216286
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                77030610
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       437197
<TOTAL-LIABILITIES>                             437197
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      77262153
<SHARES-COMMON-STOCK>                         15408293<F1>
<SHARES-COMMON-PRIOR>                         15303343<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        970552
<ACCUM-APPREC-OR-DEPREC>                        301812
<NET-ASSETS>                                  76495804
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              2848081
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  237715
<NET-INVESTMENT-INCOME>                        2610336
<REALIZED-GAINS-CURRENT>                        327077
<APPREC-INCREASE-CURRENT>                     (836367)
<NET-CHANGE-FROM-OPS>                          2101076
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      2226878<F1>
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          89698<F1>
<NUMBER-OF-SHARES-REDEEMED>                     358285<F1>
<SHARES-REINVESTED>                             373537<F1>
<NET-CHANGE-IN-ASSETS>                      (33240322)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     1297629
<GROSS-ADVISORY-FEES>                            66702
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 282083
<AVERAGE-NET-ASSETS>                          76241248<F1>
<PER-SHARE-NAV-BEGIN>                             4.99<F1>
<PER-SHARE-NII>                                   0.15<F1>
<PER-SHARE-GAIN-APPREC>                         (0.03)<F1>
<PER-SHARE-DIVIDEND>                              0.15<F1>
<PER-SHARE-DISTRIBUTIONS>                            0<F1>
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               4.96<F1>
<EXPENSE-RATIO>                                   0.52<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Client Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000862063
<NAME> INFINITY MUTUAL FUNDS INC.
<SERIES>
   <NUMBER> 3
   <NAME> BEA SHORT DURATION PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         75995039
<INVESTMENTS-AT-VALUE>                        76296851
<RECEIVABLES>                                   517473
<ASSETS-OTHER>                                  216286
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                77030610
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       437197
<TOTAL-LIABILITIES>                             437197
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      77262153
<SHARES-COMMON-STOCK>                            19463<F1>
<SHARES-COMMON-PRIOR>                          6714212<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        970552
<ACCUM-APPREC-OR-DEPREC>                        301812
<NET-ASSETS>                                     96586
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              2848081
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  237715
<NET-INVESTMENT-INCOME>                        2610336
<REALIZED-GAINS-CURRENT>                        327077
<APPREC-INCREASE-CURRENT>                     (836367)
<NET-CHANGE-FROM-OPS>                          2101076
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       383459<F1>
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          33196<F1>
<NUMBER-OF-SHARES-REDEEMED>                    6759967<F1>
<SHARES-REINVESTED>                              32022<F1>
<NET-CHANGE-IN-ASSETS>                      (33240322)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     1297629
<GROSS-ADVISORY-FEES>                            66702
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 282083
<AVERAGE-NET-ASSETS>                          13181683<F1>
<PER-SHARE-NAV-BEGIN>                             4.99<F1>
<PER-SHARE-NII>                                   0.58<F1>
<PER-SHARE-GAIN-APPREC>                           0.69<F1>
<PER-SHARE-DIVIDEND>                              0.14<F1>
<PER-SHARE-DISTRIBUTIONS>                            0<F1>
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               4.96<F1>
<EXPENSE-RATIO>                                   0.59<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Investor Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000862063
<NAME> INFINITY MUTUAL FUNDS INC.
<SERIES>
   <NUMBER> 3
   <NAME> BEA SHORT DURATION PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         75995039
<INVESTMENTS-AT-VALUE>                        76296851
<RECEIVABLES>                                   517473
<ASSETS-OTHER>                                  216286
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                77030610
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       437197
<TOTAL-LIABILITIES>                             437197
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      77262153
<SHARES-COMMON-STOCK>                              206<F1>
<SHARES-COMMON-PRIOR>                              202<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        970552
<ACCUM-APPREC-OR-DEPREC>                        301812
<NET-ASSETS>                                      1023
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              2848081
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  237715
<NET-INVESTMENT-INCOME>                        2610336
<REALIZED-GAINS-CURRENT>                        327077
<APPREC-INCREASE-CURRENT>                     (836367)
<NET-CHANGE-FROM-OPS>                          2101076
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                           27<F1>
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0<F1>
<NUMBER-OF-SHARES-REDEEMED>                          0<F1>
<SHARES-REINVESTED>                                  4<F1>
<NET-CHANGE-IN-ASSETS>                      (33240322)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     1297629
<GROSS-ADVISORY-FEES>                            66702
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 282083
<AVERAGE-NET-ASSETS>                              1014<F1>
<PER-SHARE-NAV-BEGIN>                             4.99<F1>
<PER-SHARE-NII>                                   0.13<F1>
<PER-SHARE-GAIN-APPREC>                         (0.03)<F1>
<PER-SHARE-DIVIDEND>                              0.13<F1>
<PER-SHARE-DISTRIBUTIONS>                            0<F1>
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               4.96<F1>
<EXPENSE-RATIO>                                   0.95<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Service Shares
</FN>
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000862063
<NAME> INFINITY MUTUAL FUNDS INC.
<SERIES>
   <NUMBER> 4
   <NAME> CORRESPONDENT CASH RESERVES MM PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                        965569356
<INVESTMENTS-AT-VALUE>                       965569356
<RECEIVABLES>                                157532062
<ASSETS-OTHER>                                  242039
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1123343457
<PAYABLE-FOR-SECURITIES>                      80281039
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     88774801
<TOTAL-LIABILITIES>                          169055840
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     955351228
<SHARES-COMMON-STOCK>                         32284494<F1>
<SHARES-COMMON-PRIOR>                         39539013<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       1063611
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                  32244345
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             25031629
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 3760962
<NET-INVESTMENT-INCOME>                       21270667
<REALIZED-GAINS-CURRENT>                         48769
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                         21319436
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       870815<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      293009179<F1>
<NUMBER-OF-SHARES-REDEEMED>                  300263698<F1>
<SHARES-REINVESTED>                                  0<F1>
<NET-CHANGE-IN-ASSETS>                       135790777
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     1112380
<GROSS-ADVISORY-FEES>                           454587
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                4436278
<AVERAGE-NET-ASSETS>                          39606607<F1>
<PER-SHARE-NAV-BEGIN>                            0.999<F1>
<PER-SHARE-NII>                                  0.026<F1>
<PER-SHARE-GAIN-APPREC>                              0<F1>
<PER-SHARE-DIVIDEND>                             0.026<F1>
<PER-SHARE-DISTRIBUTIONS>                            0<F1>
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              0.999<F1>
<EXPENSE-RATIO>                                   0.27<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Institutional Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000862063
<NAME> INFINITY MUTUAL FUNDS INC.
<SERIES>
   <NUMBER> 4
   <NAME> CORRESPONDENT CASH RESERVES MM PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                        965569356
<INVESTMENTS-AT-VALUE>                       965569356
<RECEIVABLES>                                157532062
<ASSETS-OTHER>                                  242039
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1123343457
<PAYABLE-FOR-SECURITIES>                      80281039
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     88774801
<TOTAL-LIABILITIES>                          169055840
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     955351228
<SHARES-COMMON-STOCK>                        923066735<F1>
<SHARES-COMMON-PRIOR>                        780070208<F1>
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       1063611
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                 922043272
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                             25031629
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 3760962
<NET-INVESTMENT-INCOME>                       21270667
<REALIZED-GAINS-CURRENT>                         48769
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                         21319436
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     20399852<F1>
<DISTRIBUTIONS-OF-GAINS>                             0<F1>
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     2541988942<F1>
<NUMBER-OF-SHARES-REDEEMED>                 2418706880<F1>
<SHARES-REINVESTED>                           19714465<F1>
<NET-CHANGE-IN-ASSETS>                       135790777
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                     1112380
<GROSS-ADVISORY-FEES>                           454587
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                4436278
<AVERAGE-NET-ASSETS>                         880391765<F1>
<PER-SHARE-NAV-BEGIN>                            0.999<F1>
<PER-SHARE-NII>                                  0.023<F1>
<PER-SHARE-GAIN-APPREC>                              0<F1>
<PER-SHARE-DIVIDEND>                             0.023<F1>
<PER-SHARE-DISTRIBUTIONS>                            0<F1>
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              0.999<F1>
<EXPENSE-RATIO>                                   0.85<F1>
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
<FN>
<F1>Retail Shares
</FN>
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000862063
<NAME> INFINITY MUTUAL FUNDS INC.
<SERIES>
   <NUMBER> 6
   <NAME> VALUESTAR PRIME MONEY MARKET PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                              JAN-1-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         70571384
<INVESTMENTS-AT-VALUE>                        70571384
<RECEIVABLES>                                 28779684
<ASSETS-OTHER>                                   48256
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                99399324
<PAYABLE-FOR-SECURITIES>                      27535020
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1341744
<TOTAL-LIABILITIES>                           28876764
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      70519803
<SHARES-COMMON-STOCK>                         70523367
<SHARES-COMMON-PRIOR>                         63920066
<ACCUMULATED-NII-CURRENT>                         3563
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                           806
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                  70522560
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              1956632
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  209180
<NET-INVESTMENT-INCOME>                        1747452
<REALIZED-GAINS-CURRENT>                            83
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          1747535
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      1747452
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      154873528
<NUMBER-OF-SHARES-REDEEMED>                  148282593
<SHARES-REINVESTED>                              12366
<NET-CHANGE-IN-ASSETS>                         6603384
<ACCUMULATED-NII-PRIOR>                           3563
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                         889
<GROSS-ADVISORY-FEES>                            35482
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 298015
<AVERAGE-NET-ASSETS>                          71744769
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                  0.025
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             0.025
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.59
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000862063
<NAME> INFINITY MUTUAL FUNDS INC.
<SERIES>
   <NUMBER> 7
   <NAME> VALUESTAR US TREASURY MONEY MARKET PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                        112116627
<INVESTMENTS-AT-VALUE>                       112116627
<RECEIVABLES>                                    62656
<ASSETS-OTHER>                                47272529
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               249451812
<PAYABLE-FOR-SECURITIES>                      32807329
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     15272203
<TOTAL-LIABILITIES>                           48079532
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     201368741
<SHARES-COMMON-STOCK>                        201372280
<SHARES-COMMON-PRIOR>                        168430129
<ACCUMULATED-NII-CURRENT>                         3539
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                 201372280
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              4589436
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  409279
<NET-INVESTMENT-INCOME>                        4180157
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                          4180157
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      4180157
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      179106611
<NUMBER-OF-SHARES-REDEEMED>                  146186605
<SHARES-REINVESTED>                              22145
<NET-CHANGE-IN-ASSETS>                        32942151
<ACCUMULATED-NII-PRIOR>                           3539
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           217815
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 634236
<AVERAGE-NET-ASSETS>                         175209971
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                  0.024
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                             0.024
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.47
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000862063
<NAME> INFINITY MUTUAL FUNDS INC.
<SERIES>
   <NUMBER> 8
   <NAME> TENNESSE TAX-EXEMPT BOND PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-01-1996
<INVESTMENTS-AT-COST>                         92172439
<INVESTMENTS-AT-VALUE>                        91745037
<RECEIVABLES>                                  7993453
<ASSETS-OTHER>                                   42342
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                99780832
<PAYABLE-FOR-SECURITIES>                       8117467
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       525135
<TOTAL-LIABILITIES>                            8642602
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      92995811
<SHARES-COMMON-STOCK>                          9329775
<SHARES-COMMON-PRIOR>                          9239258
<ACCUMULATED-NII-CURRENT>                         3642
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       1433821
<ACCUM-APPREC-OR-DEPREC>                      (427402)
<NET-ASSETS>                                  91138230
<DIVIDEND-INCOME>                                32987
<INTEREST-INCOME>                              2326788
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  390332
<NET-INVESTMENT-INCOME>                        1969443
<REALIZED-GAINS-CURRENT>                      (855902)
<APPREC-INCREASE-CURRENT>                    (3049189)
<NET-CHANGE-FROM-OPS>                        (1935648)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      1968272
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         550834
<NUMBER-OF-SHARES-REDEEMED>                     468442
<SHARES-REINVESTED>                               8125
<NET-CHANGE-IN-ASSETS>                         3004962
<ACCUMULATED-NII-PRIOR>                           2471
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      577919
<GROSS-ADVISORY-FEES>                           228436
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 504551
<AVERAGE-NET-ASSETS>                          91895293
<PER-SHARE-NAV-BEGIN>                            10.19
<PER-SHARE-NII>                                   0.21
<PER-SHARE-GAIN-APPREC>                         (0.42)
<PER-SHARE-DIVIDEND>                              0.21
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.77
<EXPENSE-RATIO>                                   0.85
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000862063
<NAME> INFINITY MUTUAL FUNDS INC.
<SERIES>
   <NUMBER> 9
   <NAME> VALUESTAR SHORT-INTERMEDIATE DURATION BOND PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                        102903241
<INVESTMENTS-AT-VALUE>                       103512930
<RECEIVABLES>                                  5042766
<ASSETS-OTHER>                                   42494
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               108598190
<PAYABLE-FOR-SECURITIES>                       2555100
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1450508
<TOTAL-LIABILITIES>                            4005608
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     104017905
<SHARES-COMMON-STOCK>                         10537466
<SHARES-COMMON-PRIOR>                         10208607
<ACCUMULATED-NII-CURRENT>                        13466
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                         48458
<ACCUM-APPREC-OR-DEPREC>                        609689
<NET-ASSETS>                                 104592582
<DIVIDEND-INCOME>                                68781
<INTEREST-INCOME>                              3435061
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  448464
<NET-INVESTMENT-INCOME>                        3055378
<REALIZED-GAINS-CURRENT>                       (48458)
<APPREC-INCREASE-CURRENT>                    (2107644)
<NET-CHANGE-FROM-OPS>                           899276
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      3055261
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        1490909
<NUMBER-OF-SHARES-REDEEMED>                    1287357
<SHARES-REINVESTED>                             125307
<NET-CHANGE-IN-ASSETS>                         1210830
<ACCUMULATED-NII-PRIOR>                          13329
<ACCUMULATED-GAINS-PRIOR>                      2717333
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           265155
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 583326
<AVERAGE-NET-ASSETS>                         106632570
<PER-SHARE-NAV-BEGIN>                            10.13
<PER-SHARE-NII>                                   0.29
<PER-SHARE-GAIN-APPREC>                         (0.20)
<PER-SHARE-DIVIDEND>                              0.29
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.93
<EXPENSE-RATIO>                                   0.85
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000862063
<NAME> INFINITY MUTUAL FUNDS INC.
<SERIES>
   <NUMBER> 10
   <NAME> VALUESTAR CAPITAL GROWTH PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         40039836
<INVESTMENTS-AT-VALUE>                        42353038
<RECEIVABLES>                                    24260
<ASSETS-OTHER>                                    9784
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                42387082
<PAYABLE-FOR-SECURITIES>                          4582
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        65218
<TOTAL-LIABILITIES>                              69800
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      40542467
<SHARES-COMMON-STOCK>                          4052417
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                           22186
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        516201
<ACCUM-APPREC-OR-DEPREC>                       2313202
<NET-ASSETS>                                  42317282
<DIVIDEND-INCOME>                                64600
<INTEREST-INCOME>                                47367
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  134153
<NET-INVESTMENT-INCOME>                        (22186)
<REALIZED-GAINS-CURRENT>                      (516201)
<APPREC-INCREASE-CURRENT>                      2313202
<NET-CHANGE-FROM-OPS>                          1774815
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        4219927
<NUMBER-OF-SHARES-REDEEMED>                     167510
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        42317282
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            66790
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 159982
<AVERAGE-NET-ASSETS>                          41401230
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                 (0.01)
<PER-SHARE-GAIN-APPREC>                           0.45
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.44
<EXPENSE-RATIO>                                   1.30
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000862063
<NAME> INFINITY MUTUAL FUNDS INC.
<SERIES>
   <NUMBER> 11
   <NAME> VALUESTAR INVESTMENT GRADE BOND PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-30-1996
<INVESTMENTS-AT-COST>                         35447002
<INVESTMENTS-AT-VALUE>                        35173892
<RECEIVABLES>                                   810429
<ASSETS-OTHER>                                    9937
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                35994258
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       427050
<TOTAL-LIABILITIES>                             427050
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      35974708
<SHARES-COMMON-STOCK>                          3600348
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        134390
<ACCUM-APPREC-OR-DEPREC>                      (273110)
<NET-ASSETS>                                  35567208
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               581409
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  103475
<NET-INVESTMENT-INCOME>                         477934
<REALIZED-GAINS-CURRENT>                      (134390)
<APPREC-INCREASE-CURRENT>                     (273110)
<NET-CHANGE-FROM-OPS>                            70434
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       477934
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        3634007
<NUMBER-OF-SHARES-REDEEMED>                      53131
<SHARES-REINVESTED>                              19472
<NET-CHANGE-IN-ASSETS>                        35567208
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            42882
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 125254
<AVERAGE-NET-ASSETS>                          34495788
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.14
<PER-SHARE-GAIN-APPREC>                         (0.12)
<PER-SHARE-DIVIDEND>                              0.14
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.88
<EXPENSE-RATIO>                                   1.21
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission