<PAGE> PAGE 1
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007 C020400 THE OKLAHOMA MUNICIPAL FUND
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007 C020500 THE ILLINOIS MUNICIPAL FUND
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<PAGE> PAGE 2
010 B00AA01 84-54415
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011 A00AA01 RANSON CAPITAL CORPORATION
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<PAGE> PAGE 3
022 D000001 7419
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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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SIGNATURE JACQUELINE L. PICKEN
TITLE CORPORATE SECRETARY
<TABLE> <S> <C>
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<NAME> RANSON MANAGED PORTFOLIOS
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