<PAGE> PAGE 1
000 B000000 12/31/98
000 C000000 0000862342
000 D000000 N
000 E000000 F
000 F000000 Y
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000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE RIVERFRONT FUNDS, INC.
001 B000000 811-6082
001 C000000 4122888239
002 A000000 FEDERATED INVESTORS
002 B000000 PITTSBURGH
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007 C020200 RIVERFRONT US GOVERNMENT INCOME FUND
007 C030200 N
007 C010300 3
007 C020300 RIVERFRONT INCOME EQUITY FUND
007 C030300 N
007 C010400 4
007 C020400 RIVERFRONT BALANCED FUND
007 C030400 N
007 C010500 5
007 C020500 RIVERFRONT SMALL COMPANY SELECT FUND
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007 C010600 6
007 C020600 RIVERFRONT LARGE COMPANY SELECT FUND
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007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 THE PROVIDENT BANK
008 B00AA01 A
008 C00AA01 801-111111
008 D01AA01 CINCINNATI
008 D02AA01 OH
008 D03AA01 45202
<PAGE> PAGE 2
010 A00AA01 BISYS FUND SERVICES LIMITED PARTNERSHIP
010 B00AA01 8-32480
010 C01AA01 COLUMBUS
010 C02AA01 OH
010 C03AA01 43219
011 A00AA01 BISYS FUND SERVICES LIMITED PARTNERSHIP
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011 C01AA01 COLUMBUS
011 C02AA01 OH
011 C03AA01 43219
012 A00AA01 THE PROVIDENT BANK
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020 A000003 MERRILL LYNCH
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<PAGE> PAGE 3
020 A000008 MORGAN STANLEY & CO., INC.
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020 A000009 LEGG MASON WOOD WALKER, INC.
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022 D000002 13374
022 A000003 CS FIRST BOSTON CORP.
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022 C000003 15969
022 D000003 5323
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022 C000004 19022
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022 C000005 18781
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022 D000006 11086
022 A000007 GOLDMAN SACHS & CO.
022 B000007 13-5108880
022 C000007 10601
022 D000007 2981
022 A000008 BEAR STEARS CO., INC
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022 C000008 5000
022 D000008 1996
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022 C000009 3981
022 D000009 640
022 A000010 ZIONS FIRST NATIONAL BANK
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022 C000010 2990
022 D000010 0
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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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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066 D000400 Y
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 Y
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 24804
071 B000400 26376
071 C000400 21020
071 D000400 118
072 A000400 4
072 B000400 539
<PAGE> PAGE 22
072 C000400 205
072 D000400 0
072 E000400 0
072 F000400 200
072 G000400 45
072 H000400 0
072 I000400 44
072 J000400 33
072 K000400 0
072 L000400 17
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072 Z000400 269
072AA000400 3474
072BB000400 0
072CC010400 1277
072CC020400 0
072DD010400 169
072DD020400 99
072EE000400 3432
073 A010400 0.2300
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<PAGE> PAGE 23
074 Q000400 0
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074 S000400 0
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074 U020400 1025
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075 B000400 22256
076 000400 0.00
024 000500 Y
025 A000501 LEGG MASON, INC
025 B000501 unknown
025 C000501 E
025 D000501 710
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 122
028 A020500 455
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028 B010500 84
028 B020500 313
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028 C020500 426
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028 D020500 767
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<PAGE> PAGE 24
028 F030500 0
028 F040500 269
028 G010500 764
028 G020500 2842
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031 B000500 0
032 000500 1
033 000500 0
034 000500 Y
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036 A000500 N
036 B000500 0
037 000500 N
038 000500 0
039 000500 N
040 000500 Y
041 000500 Y
042 A000500 0
042 B000500 0
042 C000500 100
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 67
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.800
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048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
<PAGE> PAGE 25
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 N
055 A000500 N
055 B000500 N
056 000500 Y
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 1000
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
064 A000500 N
064 B000500 N
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 Y
066 E000500 N
066 F000500 N
<PAGE> PAGE 26
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 25177
071 B000500 26830
071 C000500 22085
071 D000500 114
072 A000500 12
072 B000500 20
072 C000500 182
072 D000500 0
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<PAGE> PAGE 27
072 G000500 45
072 H000500 0
072 I000500 92
072 J000500 34
072 K000500 0
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072 R000500 4
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072 T000500 67
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072 Z000500 -257
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072CC010500 0
072CC020500 165
072DD010500 0
072DD020500 0
072EE000500 2974
073 A010500 0.1000
073 A020500 0.1700
073 B000500 1.1800
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 19863
074 G000500 0
074 H000500 0
074 I000500 901
074 J000500 0
074 K000500 0
074 L000500 20
074 M000500 4
074 N000500 20788
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074 P000500 19
074 Q000500 0
074 R010500 0
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074 R030500 0
<PAGE> PAGE 28
074 R040500 28
074 S000500 0
074 T000500 20741
074 U010500 19286
074 U020500 1455
074 V010500 7.89
074 V020500 8.14
074 W000500 0.0000
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074 Y000500 0
075 A000500 0
075 B000500 22723
076 000500 0.00
024 000600 Y
025 A000601 MERRILL LYNCH & CO., INC.
025 B000601 13-5674085
025 C000601 E
025 D000601 500
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 1123
028 A020600 1132
028 A030600 0
028 A040600 452
028 B010600 773
028 B020600 779
028 B030600 0
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028 C010600 1054
028 C020600 1062
028 C030600 0
028 C040600 424
028 D010600 1896
028 D020600 1912
028 D030600 0
028 D040600 764
028 E010600 983
028 E020600 991
028 E030600 0
028 E040600 396
028 F010600 1195
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028 F030600 0
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028 G010600 7024
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<PAGE> PAGE 29
028 G030600 0
028 G040600 2828
028 H000600 637
029 000600 Y
030 A000600 3
030 B000600 4.50
030 C000600 0.00
031 A000600 1
031 B000600 0
032 000600 2
033 000600 0
034 000600 Y
035 000600 10
036 A000600 N
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037 000600 N
038 000600 0
039 000600 N
040 000600 Y
041 000600 Y
042 A000600 0
042 B000600 0
042 C000600 100
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 153
044 000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.800
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048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
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
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<PAGE> PAGE 30
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 N
055 A000600 N
055 B000600 N
056 000600 Y
057 000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
061 000600 1000
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
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 0
063 B000600 0.0
064 A000600 N
064 B000600 N
066 A000600 Y
066 B000600 N
066 C000600 Y
066 D000600 N
066 E000600 N
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
<PAGE> PAGE 31
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 Y
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 N
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 N
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 34674
071 B000600 29117
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<PAGE> PAGE 32
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<PAGE> PAGE 33
074 U020600 688
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SIGNATURE PEGGY BURNS
TITLE MANAGER
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 011
<NAME> The U.S. Government Securities Money Market Fund
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<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Dec-31-1998
<INVESTMENTS-AT-COST> 148,784,060
<INVESTMENTS-AT-VALUE> 148,784,060
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<OVERDISTRIBUTION-GAINS> 6,419
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<NET-ASSETS> 188,846,814
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<NET-INVESTMENT-INCOME> 7,676,947
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<NUMBER-OF-SHARES-SOLD> 364,869,432
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<SHARES-REINVESTED> 2,082,417
<NET-CHANGE-IN-ASSETS> 46,278,057
<ACCUMULATED-NII-PRIOR> 0
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<OVERDIST-NET-GAINS-PRIOR> 6,419
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 021
<NAME> The Riverfront U.S. Government Income Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Dec-31-1998
<INVESTMENTS-AT-COST> 43,310,576
<INVESTMENTS-AT-VALUE> 44,185,356
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 44,356,965
<SHARES-COMMON-STOCK> 4,500,031
<SHARES-COMMON-PRIOR> 5,168,697
<ACCUMULATED-NII-CURRENT> 25,526
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (552,104)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 874,780
<NET-ASSETS> 44,705,257
<DIVIDEND-INCOME> 71,228
<INTEREST-INCOME> 2,808,466
<OTHER-INCOME> 0
<EXPENSES-NET> 546,284
<NET-INVESTMENT-INCOME> 2,333,410
<REALIZED-GAINS-CURRENT> 541,953
<APPREC-INCREASE-CURRENT> 286,081
<NET-CHANGE-FROM-OPS> 3,161,444
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,287,710
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 194,328
<NUMBER-OF-SHARES-REDEEMED> 888,903
<SHARES-REINVESTED> 25,909
<NET-CHANGE-IN-ASSETS> (5,621,171)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 1,068,616
<GROSS-ADVISORY-FEES> 191,380
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 574,216
<AVERAGE-NET-ASSETS> 46,553,600
<PER-SHARE-NAV-BEGIN> 9.480
<PER-SHARE-NII> 0.470
<PER-SHARE-GAIN-APPREC> 0.170
<PER-SHARE-DIVIDEND> 0.470
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.650
<EXPENSE-RATIO> 1.12
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<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 022
<NAME> The Riverfront U.S. Government Income Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Dec-31-1998
<INVESTMENTS-AT-COST> 43,310,576
<INVESTMENTS-AT-VALUE> 44,185,356
<RECEIVABLES> 571,880
<ASSETS-OTHER> 1,743
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<TOTAL-ASSETS> 44,758,979
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<OTHER-ITEMS-LIABILITIES> 53,722
<TOTAL-LIABILITIES> 53,722
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 44,356,965
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<SHARES-COMMON-PRIOR> 122,570
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<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 552,014
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<NET-ASSETS> 44,705,257
<DIVIDEND-INCOME> 71,228
<INTEREST-INCOME> 2,808,466
<OTHER-INCOME> 0
<EXPENSES-NET> 546,284
<NET-INVESTMENT-INCOME> 2,333,410
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<NET-CHANGE-FROM-OPS> 3,161,444
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,979
<NUMBER-OF-SHARES-REDEEMED> 18,450
<SHARES-REINVESTED> 3,353
<NET-CHANGE-IN-ASSETS> (5,621,171)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 1,068,616
<GROSS-ADVISORY-FEES> 191,380
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 574,216
<AVERAGE-NET-ASSETS> 1,722,133
<PER-SHARE-NAV-BEGIN> 10.680
<PER-SHARE-NII> 0.440
<PER-SHARE-GAIN-APPREC> 0.190
<PER-SHARE-DIVIDEND> 0.380
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.930
<EXPENSE-RATIO> 1.93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 031
<NAME> The Riverfront Income Equity Income Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Dec-31-1998
<INVESTMENTS-AT-COST> 95,841,160
<INVESTMENTS-AT-VALUE> 93,789,517
<RECEIVABLES> 246,998
<ASSETS-OTHER> 6,067
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 94,042,582
<PAYABLE-FOR-SECURITIES> 127,770
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 208,164
<TOTAL-LIABILITIES> 335,934
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 97,753,903
<SHARES-COMMON-STOCK> 7,365,239
<SHARES-COMMON-PRIOR> 7,175,136
<ACCUMULATED-NII-CURRENT> 693
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,996,305)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,051,643)
<NET-ASSETS> 93,706,648
<DIVIDEND-INCOME> 2,759,583
<INTEREST-INCOME> 43,957
<OTHER-INCOME> 0
<EXPENSES-NET> 1,912,612
<NET-INVESTMENT-INCOME> 890,928
<REALIZED-GAINS-CURRENT> 8,762,126
<APPREC-INCREASE-CURRENT> (6,788,439)
<NET-CHANGE-FROM-OPS> 2,864,615
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 832,004
<DISTRIBUTIONS-OF-GAINS> 9,572,739
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,928,919
<NUMBER-OF-SHARES-REDEEMED> 14,154,051
<SHARES-REINVESTED> 10,320,240
<NET-CHANGE-IN-ASSETS> 1,930,593
<ACCUMULATED-NII-PRIOR> 534
<ACCUMULATED-GAINS-PRIOR> 851,257
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 953,736
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,937,549
<AVERAGE-NET-ASSETS> 82,172,000
<PER-SHARE-NAV-BEGIN> 11.680
<PER-SHARE-NII> 0.120
<PER-SHARE-GAIN-APPREC> 0.250
<PER-SHARE-DIVIDEND> 0.120
<PER-SHARE-DISTRIBUTIONS> 1.460
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.470
<EXPENSE-RATIO> 1.76
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 041
<NAME> The Riverfront Balanced Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Dec-31-1998
<INVESTMENTS-AT-COST> 20,712,787
<INVESTMENTS-AT-VALUE> 24,915,001
<RECEIVABLES> 280,598
<ASSETS-OTHER> 1,055
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 25,196,654
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 54,334
<TOTAL-LIABILITIES> 54,334
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,766,337
<SHARES-COMMON-STOCK> 862,216
<SHARES-COMMON-PRIOR> 777,175
<ACCUMULATED-NII-CURRENT> 4,004
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 169,765
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,202,214
<NET-ASSETS> 25,142,320
<DIVIDEND-INCOME> 205,040
<INTEREST-INCOME> 539,416
<OTHER-INCOME> 0
<EXPENSES-NET> 475,153
<NET-INVESTMENT-INCOME> 269,303
<REALIZED-GAINS-CURRENT> 3,474,428
<APPREC-INCREASE-CURRENT> 1,277,732
<NET-CHANGE-FROM-OPS> 5,021,463
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 169,385
<DISTRIBUTIONS-OF-GAINS> 1,567,457
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 135,447
<NUMBER-OF-SHARES-REDEEMED> 181,427
<SHARES-REINVESTED> 131,021
<NET-CHANGE-IN-ASSETS> 5,021,463
<ACCUMULATED-NII-PRIOR> 3,979
<ACCUMULATED-GAINS-PRIOR> 127,213
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 200,306
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 503,507
<AVERAGE-NET-ASSETS> 10,037,200
<PER-SHARE-NAV-BEGIN> 12.300
<PER-SHARE-NII> 0.230
<PER-SHARE-GAIN-APPREC> 2.840
<PER-SHARE-DIVIDEND> 0.230
<PER-SHARE-DISTRIBUTIONS> 2.100
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.040
<EXPENSE-RATIO> 1.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 041
<NAME> The Riverfront Balanced Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Dec-31-1998
<INVESTMENTS-AT-COST> 20,712,787
<INVESTMENTS-AT-VALUE> 24,915,001
<RECEIVABLES> 280,598
<ASSETS-OTHER> 1,055
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 25,196,654
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 54,334
<TOTAL-LIABILITIES> 54,334
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,766,337
<SHARES-COMMON-STOCK> 862,216
<SHARES-COMMON-PRIOR> 777,175
<ACCUMULATED-NII-CURRENT> 4,004
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 169,765
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,202,214
<NET-ASSETS> 25,142,320
<DIVIDEND-INCOME> 205,040
<INTEREST-INCOME> 539,416
<OTHER-INCOME> 0
<EXPENSES-NET> 475,153
<NET-INVESTMENT-INCOME> 269,303
<REALIZED-GAINS-CURRENT> 3,474,428
<APPREC-INCREASE-CURRENT> 1,277,732
<NET-CHANGE-FROM-OPS> 5,021,463
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 169,385
<DISTRIBUTIONS-OF-GAINS> 1,567,457
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 135,447
<NUMBER-OF-SHARES-REDEEMED> 181,427
<SHARES-REINVESTED> 131,021
<NET-CHANGE-IN-ASSETS> 5,021,463
<ACCUMULATED-NII-PRIOR> 3,979
<ACCUMULATED-GAINS-PRIOR> 127,213
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 200,306
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 503,507
<AVERAGE-NET-ASSETS> 10,037,200
<PER-SHARE-NAV-BEGIN> 12.300
<PER-SHARE-NII> 0.230
<PER-SHARE-GAIN-APPREC> 2.840
<PER-SHARE-DIVIDEND> 0.230
<PER-SHARE-DISTRIBUTIONS> 2.100
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.040
<EXPENSE-RATIO> 1.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 042
<NAME> The Riverfront Balanced Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Dec-31-1998
<INVESTMENTS-AT-COST> 20,712,787
<INVESTMENTS-AT-VALUE> 24,915,001
<RECEIVABLES> 280,598
<ASSETS-OTHER> 1,055
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 25,196,654
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 54,334
<TOTAL-LIABILITIES> 54,334
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,766,337
<SHARES-COMMON-STOCK> 1,025,084
<SHARES-COMMON-PRIOR> 903,237
<ACCUMULATED-NII-CURRENT> 4,004
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 169,765
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,202,214
<NET-ASSETS> 25,142,320
<DIVIDEND-INCOME> 205,040
<INTEREST-INCOME> 539,416
<OTHER-INCOME> 0
<EXPENSES-NET> 475,153
<NET-INVESTMENT-INCOME> 269,303
<REALIZED-GAINS-CURRENT> 3,474,428
<APPREC-INCREASE-CURRENT> 1,277,732
<NET-CHANGE-FROM-OPS> 5,021,463
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 99,893
<DISTRIBUTIONS-OF-GAINS> 1,864,419
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 109,318
<NUMBER-OF-SHARES-REDEEMED> 127,777
<SHARES-REINVESTED> 140,306
<NET-CHANGE-IN-ASSETS> 5,021,463
<ACCUMULATED-NII-PRIOR> 3,979
<ACCUMULATED-GAINS-PRIOR> 127,213
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 200,306
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 503,507
<AVERAGE-NET-ASSETS> 16,292,267
<PER-SHARE-NAV-BEGIN> 12.710
<PER-SHARE-NII> 0.110
<PER-SHARE-GAIN-APPREC> 2.950
<PER-SHARE-DIVIDEND> 0.110
<PER-SHARE-DISTRIBUTIONS> 2.100
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.560
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 051
<NAME> The Riverfront Small Company Select Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Dec-31-1998
<INVESTMENTS-AT-COST> 16,890,216
<INVESTMENTS-AT-VALUE> 20,763,794
<RECEIVABLES> 19,565
<ASSETS-OTHER> 4,269
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20,787,628
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 46,470
<TOTAL-LIABILITIES> 46,470
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16,968,402
<SHARES-COMMON-STOCK> 2,444,030
<SHARES-COMMON-PRIOR> 2,651,012
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (100,822)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,873,578
<NET-ASSETS> 20,741,158
<DIVIDEND-INCOME> 182,045
<INTEREST-INCOME> 20,126
<OTHER-INCOME> 0
<EXPENSES-NET> 458,726
<NET-INVESTMENT-INCOME> (256,555)
<REALIZED-GAINS-CURRENT> (101,284)
<APPREC-INCREASE-CURRENT> (164,771)
<NET-CHANGE-FROM-OPS> (522,610)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 2,779,149
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 157,466
<NUMBER-OF-SHARES-REDEEMED> 669,783
<SHARES-REINVESTED> 305,335
<NET-CHANGE-IN-ASSETS> (4,836,421)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,973,133
<OVERDISTRIB-NII-PRIOR> 2,194
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 181,783
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 458,726
<AVERAGE-NET-ASSETS> 21,322,400
<PER-SHARE-NAV-BEGIN> 9.170
<PER-SHARE-NII> (0.09)
<PER-SHARE-GAIN-APPREC> (0.01)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 1.180
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 7.890
<EXPENSE-RATIO> 1.97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 052
<NAME> The Riverfront Small Company Select Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Dec-31-1998
<INVESTMENTS-AT-COST> 16,890,216
<INVESTMENTS-AT-VALUE> 20,763,794
<RECEIVABLES> 19,565
<ASSETS-OTHER> 4,269
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20,787,628
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 46,470
<TOTAL-LIABILITIES> 46,470
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16,968,402
<SHARES-COMMON-STOCK> 178,872
<SHARES-COMMON-PRIOR> 385,854
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (100,822)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,873,578
<NET-ASSETS> 20,741,158
<DIVIDEND-INCOME> 182,045
<INTEREST-INCOME> 20,126
<OTHER-INCOME> 0
<EXPENSES-NET> 458,726
<NET-INVESTMENT-INCOME> (256,555
<REALIZED-GAINS-CURRENT> (101,284)
<APPREC-INCREASE-CURRENT> (164,771)
<NET-CHANGE-FROM-OPS> (522,610)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 195,285
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 65,801
<NUMBER-OF-SHARES-REDEEMED> 41,980
<SHARES-REINVESTED> 21,711
<NET-CHANGE-IN-ASSETS> (4,836,421)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,973,133
<OVERDISTRIB-NII-PRIOR> 2,194
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 181,783
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 458,726
<AVERAGE-NET-ASSETS> 1,867,467
<PER-SHARE-NAV-BEGIN> 9.490
<PER-SHARE-NII> 0.150
<PER-SHARE-GAIN-APPREC> (0.020)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 1.180
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 8.140
<EXPENSE-RATIO> 2.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 051
<NAME> The Riverfront Large Company Select Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Dec-31-1998
<INVESTMENTS-AT-COST> 34,860,335
<INVESTMENTS-AT-VALUE> 58,689,733
<RECEIVABLES> 1,609,281
<ASSETS-OTHER> 5,498
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 60,304,512
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 88,036
<TOTAL-LIABILITIES> 88,036
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35,625,070
<SHARES-COMMON-STOCK> 3,656,736
<SHARES-COMMON-PRIOR> 2,964,154
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 762,008
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23,829,398
<NET-ASSETS> 60,216,476
<DIVIDEND-INCOME> 524,782
<INTEREST-INCOME> 2,824
<OTHER-INCOME> 0
<EXPENSES-NET> 788,658
<NET-INVESTMENT-INCOME> (261,052)
<REALIZED-GAINS-CURRENT> 8,153,519
<APPREC-INCREASE-CURRENT> 7,822,437
<NET-CHANGE-FROM-OPS> 15,714,904
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 6,012,066
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 569,741
<NUMBER-OF-SHARES-REDEEMED> 309,699
<SHARES-REINVESTED> 432,540
<NET-CHANGE-IN-ASSETS> 24,138,887
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 10,823
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 360,018
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 788,658
<AVERAGE-NET-ASSETS> 39,618,800
<PER-SHARE-NAV-BEGIN> 11.340
<PER-SHARE-NII> (0.050)
<PER-SHARE-GAIN-APPREC> 4.470
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 1.870
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.890
<EXPENSE-RATIO> 1.66
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 052
<NAME> The Riverfront Large Company Select Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Dec-31-1998
<PERIOD-END> Dec-31-1998
<INVESTMENTS-AT-COST> 34,860,335
<INVESTMENTS-AT-VALUE> 58,689,733
<RECEIVABLES> 1,609,281
<ASSETS-OTHER> 5,498
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 60,304,512
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 88,036
<TOTAL-LIABILITIES> 88,036
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35,625,070
<SHARES-COMMON-STOCK> 687,927
<SHARES-COMMON-PRIOR> 218,535
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 762,008
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23,829,398
<NET-ASSETS> 60,216,476
<DIVIDEND-INCOME> 524,782
<INTEREST-INCOME> 2,824
<OTHER-INCOME> 0
<EXPENSES-NET> 788,658
<NET-INVESTMENT-INCOME> (261,052)
<REALIZED-GAINS-CURRENT> 8,153,519
<APPREC-INCREASE-CURRENT> 7,822,437
<NET-CHANGE-FROM-OPS> 15,714,904
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 1,129,216
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 456,092
<NUMBER-OF-SHARES-REDEEMED> 65,435
<SHARES-REINVESTED> 78,735
<NET-CHANGE-IN-ASSETS> 24,138,887
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 10,823
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 360,018
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 788,658
<AVERAGE-NET-ASSETS> 7,177,867
<PER-SHARE-NAV-BEGIN> 11.280
<PER-SHARE-NII> (0.100)
<PER-SHARE-GAIN-APPREC> 4.380
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 1.870
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.690
<EXPENSE-RATIO> 2.41
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>