<PAGE> PAGE 1
000 A000000 01/31/2000
000 C000000 0000866841
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 RANSON MANAGED PORTFOLIOS
001 B000000 811-6153
001 C000000 7018525292
002 A000000 1 NORTH MAIN
002 B000000 MINOT
002 C000000 ND
002 D010000 58703
002 D020000 3189
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 THE KANSAS MUNICIPAL FUND
007 C030100 N
007 C010200 2
007 C020200 THE KANSAS INSURED INTERMEDIATE FUND
007 C030200 N
007 C010300 3
007 C020300 THE NEBRASKA MUNICIPAL FUND
007 C030300 N
007 C010400 4
007 C020400 THE OKLAHOMA MUNICIPAL FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 RANSON CAPITAL CORPORATION
008 B00AA01 A
008 C00AA01 801-51540
008 D01AA01 MINOT
008 D02AA01 ND
008 D03AA01 58703
008 D04AA01 3189
010 A00AA01 ND RESOURCES, INC.
010 B00AA01 84-54415
010 C01AA01 MINOT
<PAGE> PAGE 2
010 C02AA01 ND
010 C03AA01 58703
010 C04AA01 3189
011 A00AA01 RANSON CAPITAL CORPORATION
011 B00AA01 8-42561
011 C01AA01 MINOT
011 C02AA01 ND
011 C03AA01 58703
011 C04AA01 3189
012 A00AA01 ND RESOURCES, INC.
012 B00AA01 84-54415
012 C01AA01 MINOT
012 C02AA01 ND
012 C03AA01 58103
012 C04AA01 3189
013 A00AA01 BRADY, MARTZ & ASSOCIATES, P.C.
013 B01AA01 MINOT
013 B02AA01 ND
013 B03AA01 58703
014 A00AA01 RANSON CAPITAL CORPORATION
014 B00AA01 8-42561
014 A00AA02 ND CAPITAL, INC.
014 B00AA02 8-40329
015 A00AA01 FIRST WESTERN BANK & TRUST
015 B00AA01 C
015 C01AA01 MINOT
015 C02AA01 ND
015 C03AA01 58702
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 8
019 C00AA00 INTEGRITYM
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 PIPER JAFFRAY, INC.
022 B000001 41-0953246
022 C000001 6752
022 D000001 8174
022 A000002 SMITH BARNEY HARRIS UPHAM & CO.
022 B000002 13-1912900
022 C000002 2110
<PAGE> PAGE 3
022 D000002 1987
022 A000003 A.G. EDWARDS & SONS, INC.
022 B000003 43-0895447
022 C000003 483
022 D000003 1062
022 A000004 MERRILL LYNCH FENNER & PIERCE
022 B000004 13-3180817
022 C000004 497
022 D000004 998
022 A000005 BANK OF OKLAHOMA
022 B000005 73-1275307
022 C000005 689
022 D000005 427
022 A000006 WACHOVIA SECURITIES, INC.
022 C000006 0
022 D000006 1037
022 A000007 MIDWEST CAPITAL MARKETS
022 B000007 43-1726418
022 C000007 0
022 D000007 1027
022 A000008 CAPITAL WEST
022 C000008 0
022 D000008 386
022 A000009 KIRKPATRICK, PETTIS, SMITH, PO
022 B000009 47-0301070
022 C000009 0
022 D000009 302
022 A000010 FAHNESTOCK & COMPANY, INC.
022 C000010 275
022 D000010 0
023 C000000 11303
023 D000000 15502
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 Y
026 B000000 N
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
<PAGE> PAGE 4
034 00AA00 N
035 00AA00 0
036 B00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.500
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
<PAGE> PAGE 5
055 A00AA00 N
055 B00AA00 N
056 00AA00 N
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 N
060 B00AA00 N
061 00AA00 1000
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 Y
070 A02AA00 N
070 B01AA00 N
070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
070 E01AA00 Y
070 E02AA00 Y
070 F01AA00 N
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 N
070 H02AA00 N
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 Y
070 L01AA00 N
070 L02AA00 N
070 M01AA00 N
070 M02AA00 N
070 N01AA00 N
070 N02AA00 N
070 O01AA00 Y
070 O02AA00 N
070 P01AA00 Y
070 P02AA00 Y
070 Q01AA00 Y
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 N
<PAGE> PAGE 6
078 000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
028 A010100 499
028 A020100 316
028 A030100 0
028 A040100 1309
028 B010100 272
028 B020100 314
028 B030100 0
028 B040100 787
028 C010100 187
028 C020100 309
028 C030100 0
028 C040100 1140
028 D010100 353
028 D020100 299
028 D030100 0
028 D040100 1089
028 E010100 894
028 E020100 319
028 E030100 0
028 E040100 1843
028 F010100 819
028 F020100 304
028 F030100 0
028 F040100 1864
028 G010100 3024
028 G020100 1861
028 G030100 0
028 G040100 8032
028 H000100 2097
<PAGE> PAGE 7
029 000100 Y
030 A000100 68
030 B000100 4.25
030 C000100 0.75
031 A000100 10
031 B000100 0
032 000100 58
033 000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 100
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 128
044 000100 0
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 98.4
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.6
063 A000100 0
063 B000100 20.9
064 A000100 Y
064 B000100 N
071 A000100 7580
071 B000100 10239
071 C000100 110717
071 D000100 7
072 A000100 6
072 B000100 3331
<PAGE> PAGE 8
072 C000100 17
072 D000100 0
072 E000100 0
072 F000100 281
072 G000100 36
072 H000100 0
072 I000100 59
072 J000100 8
072 K000100 0
072 L000100 3
072 M000100 3
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 2
072 S000100 0
072 T000100 141
072 U000100 0
072 V000100 0
072 W000100 13
072 X000100 546
072 Y000100 12
072 Z000100 2814
072AA000100 396
072BB000100 0
072CC010100 0
072CC020100 4954
072DD010100 2814
072DD020100 0
072EE000100 0
073 A010100 0.2938
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 0
074 D000100 106499
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 641
074 J000100 0
074 K000100 0
074 L000100 1905
074 M000100 0
074 N000100 109045
074 O000100 0
074 P000100 87
<PAGE> PAGE 9
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 781
074 S000100 0
074 T000100 108177
074 U010100 9405
074 U020100 0
074 V010100 11.50
074 V020100 0.00
074 W000100 0.0000
074 X000100 3452
074 Y000100 19235
075 A000100 0
075 B000100 112346
076 000100 0.00
028 A010200 38
028 A020200 47
028 A030200 0
028 A040200 174
028 B010200 228
028 B020200 45
028 B030200 0
028 B040200 445
028 C010200 14
028 C020200 45
028 C030200 0
028 C040200 17
028 D010200 30
028 D020200 44
028 D030200 0
028 D040200 254
028 E010200 170
028 E020200 47
028 E030200 0
028 E040200 184
028 F010200 62
028 F020200 45
028 F030200 0
028 F040200 84
028 G010200 542
028 G020200 273
028 G030200 0
028 G040200 1158
028 H000200 359
029 000200 Y
030 A000200 6
030 B000200 2.75
030 C000200 0.25
031 A000200 1
<PAGE> PAGE 10
031 B000200 0
032 000200 5
033 000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 N
041 000200 N
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 0
044 000200 0
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
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 97.5
062 P000200 0.0
062 Q000200 0.0
062 R000200 1.0
063 A000200 0
063 B000200 9.5
064 A000200 Y
064 B000200 N
071 A000200 2796
071 B000200 2587
071 C000200 20529
071 D000200 13
072 A000200 6
072 B000200 544
072 C000200 6
072 D000200 0
072 E000200 0
072 F000200 52
072 G000200 17
<PAGE> PAGE 11
072 H000200 0
072 I000200 15
072 J000200 2
072 K000200 0
072 L000200 1
072 M000200 1
072 N000200 0
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 2
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 2
072 X000200 92
072 Y000200 14
072 Z000200 472
072AA000200 58
072BB000200 0
072CC010200 0
072CC020200 592
072DD010200 472
072DD020200 0
072EE000200 0
073 A010200 0.2683
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 19955
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 213
074 J000200 0
074 K000200 0
074 L000200 383
074 M000200 3
074 N000200 20554
074 O000200 0
074 P000200 15
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 80
<PAGE> PAGE 12
074 S000200 0
074 T000200 20459
074 U010200 1753
074 U020200 0
074 V010200 11.67
074 V020200 0.00
074 W000200 0.0000
074 X000200 579
074 Y000200 4639
075 A000200 0
075 B000200 20764
076 000200 0.00
028 A010300 252
028 A020300 121
028 A030300 0
028 A040300 592
028 B010300 163
028 B020300 119
028 B030300 0
028 B040300 519
028 C010300 166
028 C020300 118
028 C030300 0
028 C040300 557
028 D010300 15
028 D020300 114
028 D030300 0
028 D040300 658
028 E010300 110
028 E020300 121
028 E030300 0
028 E040300 486
028 F010300 167
028 F020300 116
028 F030300 0
028 F040300 970
028 G010300 873
028 G020300 709
028 G030300 0
028 G040300 3782
028 H000300 833
029 000300 Y
030 A000300 25
030 B000300 4.25
030 C000300 0.75
031 A000300 4
031 B000300 0
032 000300 21
033 000300 0
037 000300 N
038 000300 0
<PAGE> PAGE 13
039 000300 N
040 000300 Y
041 000300 Y
042 A000300 0
042 B000300 0
042 C000300 100
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 0
044 000300 0
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 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 98.4
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.7
063 A000300 0
063 B000300 18.9
064 A000300 Y
064 B000300 N
071 A000300 1021
071 B000300 3030
071 C000300 39298
071 D000300 3
072 A000300 6
072 B000300 1146
072 C000300 8
072 D000300 0
072 E000300 0
072 F000300 101
072 G000300 22
072 H000300 0
072 I000300 26
072 J000300 3
072 K000300 0
072 L000300 1
<PAGE> PAGE 14
072 M000300 2
072 N000300 1
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 2
072 S000300 0
072 T000300 50
072 U000300 0
072 V000300 0
072 W000300 3
072 X000300 211
072 Y000300 65
072 Z000300 1008
072AA000300 102
072BB000300 0
072CC010300 0
072CC020300 1674
072DD010300 1008
072DD020300 0
072EE000300 0
073 A010300 0.2702
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 0
074 D000300 37474
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 278
074 J000300 0
074 K000300 0
074 L000300 592
074 M000300 8
074 N000300 38352
074 O000300 0
074 P000300 24
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 258
074 S000300 0
074 T000300 38070
074 U010300 3603
074 U020300 0
074 V010300 10.57
<PAGE> PAGE 15
074 V020300 0.00
074 W000300 0.0000
074 X000300 1195
074 Y000300 4010
075 A000300 0
075 B000300 40140
076 000300 0.00
028 A010400 1042
028 A020400 41
028 A030400 0
028 A040400 43
028 B010400 1095
028 B020400 42
028 B030400 0
028 B040400 120
028 C010400 146
028 C020400 43
028 C030400 0
028 C040400 242
028 D010400 25
028 D020400 73
028 D030400 0
028 D040400 834
028 E010400 230
028 E020400 39
028 E030400 0
028 E040400 333
028 F010400 20
028 F020400 37
028 F030400 0
028 F040400 444
028 G010400 2558
028 G020400 275
028 G030400 0
028 G040400 2016
028 H000400 2558
029 000400 Y
030 A000400 42
030 B000400 4.25
030 C000400 0.75
031 A000400 6
031 B000400 0
032 000400 36
033 000400 0
037 000400 N
038 000400 0
039 000400 N
040 000400 Y
041 000400 Y
042 A000400 0
042 B000400 0
<PAGE> PAGE 16
042 C000400 100
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 0
044 000400 0
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 98.1
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.6
063 A000400 0
063 B000400 19.6
064 A000400 Y
064 B000400 N
071 A000400 5762
071 B000400 1369
071 C000400 16490
071 D000400 8
072 A000400 6
072 B000400 456
072 C000400 5
072 D000400 0
072 E000400 0
072 F000400 42
072 G000400 16
072 H000400 0
072 I000400 14
072 J000400 1
072 K000400 0
072 L000400 1
072 M000400 1
072 N000400 1
072 O000400 0
072 P000400 0
072 Q000400 0
<PAGE> PAGE 17
072 R000400 1
072 S000400 0
072 T000400 21
072 U000400 3
072 V000400 0
072 W000400 1
072 X000400 102
072 Y000400 67
072 Z000400 426
072AA000400 0
072BB000400 22
072CC010400 0
072CC020400 895
072DD010400 426
072DD020400 0
072EE000400 49
073 A010400 0.2839
073 A020400 0.0000
073 B000400 0.0310
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 15688
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 100
074 J000400 0
074 K000400 0
074 L000400 259
074 M000400 15
074 N000400 16062
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 76
074 S000400 0
074 T000400 15986
074 U010400 1457
074 U020400 0
074 V010400 10.97
074 V020400 0.00
074 W000400 0.0000
074 X000400 362
074 Y000400 2434
075 A000400 0
<PAGE> PAGE 18
075 B000400 16919
076 000400 0.00
SIGNATURE JACQUELINE L. PICKEN
TITLE CORPORATE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> THE KANSAS MUNICIPAL FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 108710425
<INVESTMENTS-AT-VALUE> 107140117
<RECEIVABLES> 1893044
<ASSETS-OTHER> 11567
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 109044728
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 867515
<TOTAL-LIABILITIES> 867515
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 114528242
<SHARES-COMMON-STOCK> 9404987
<SHARES-COMMON-PRIOR> 9675452
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4780721)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1570308)
<NET-ASSETS> 108177213
<DIVIDEND-INCOME> 17149
<INTEREST-INCOME> 3330550
<OTHER-INCOME> 0
<EXPENSES-NET> 533930
<NET-INVESTMENT-INCOME> 2813769
<REALIZED-GAINS-CURRENT> 396522
<APPREC-INCREASE-CURRENT> (4954170)
<NET-CHANGE-FROM-OPS> (1743879)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2813769)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 258457
<NUMBER-OF-SHARES-REDEEMED> (686907)
<SHARES-REINVESTED> 157985
<NET-CHANGE-IN-ASSETS> (7704874)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 281016
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 546415
<AVERAGE-NET-ASSETS> 112346342
<PER-SHARE-NAV-BEGIN> 11.98
<PER-SHARE-NII> .29
<PER-SHARE-GAIN-APPREC> (.48)
<PER-SHARE-DIVIDEND> (.29)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.50
<EXPENSE-RATIO> .95<F1>
<FN>
<F1>Ratio is annualized
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> THE KANSAS INSURED INTERMEDIATE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 20153474
<INVESTMENTS-AT-VALUE> 20168228
<RECEIVABLES> 382744
<ASSETS-OTHER> 2770
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 20553742
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 94974
<TOTAL-LIABILITIES> 94974
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 21256203
<SHARES-COMMON-STOCK> 1752555
<SHARES-COMMON-PRIOR> 1781247
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (812189)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14754
<NET-ASSETS> 20458768
<DIVIDEND-INCOME> 5601
<INTEREST-INCOME> 543945
<OTHER-INCOME> 0
<EXPENSES-NET> 77885
<NET-INVESTMENT-INCOME> 471661
<REALIZED-GAINS-CURRENT> 57833
<APPREC-INCREASE-CURRENT> (591775)
<NET-CHANGE-FROM-OPS> (62281)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (471661)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 45957
<NUMBER-OF-SHARES-REDEEMED> 97729
<SHARES-REINVESTED> 23080
<NET-CHANGE-IN-ASSETS> (874658)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 51923
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 92220
<AVERAGE-NET-ASSETS> 20763518
<PER-SHARE-NAV-BEGIN> 11.98
<PER-SHARE-NII> .27
<PER-SHARE-GAIN-APPREC> (.31)
<PER-SHARE-DIVIDEND> (.27)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.67
<EXPENSE-RATIO> .76<F1>
<FN>
<F1>Ratio is annualized
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> THE NEBRASKA MUNICIPAL FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 38698569
<INVESTMENTS-AT-VALUE> 37751824
<RECEIVABLES> 592438
<ASSETS-OTHER> 8311
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 38352573
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 282775
<TOTAL-LIABILITIES> 282775
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40652098
<SHARES-COMMON-STOCK> 3603138
<SHARES-COMMON-PRIOR> 3808712
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1635559)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (946745)
<NET-ASSETS> 38069794
<DIVIDEND-INCOME> 8661
<INTEREST-INCOME> 1145724
<OTHER-INCOME> 0
<EXPENSES-NET> 146401
<NET-INVESTMENT-INCOME> 1007984
<REALIZED-GAINS-CURRENT> 101757
<APPREC-INCREASE-CURRENT> (1674245)
<NET-CHANGE-FROM-OPS> (666261)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1007984)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 80991
<NUMBER-OF-SHARES-REDEEMED> 352108
<SHARES-REINVESTED> 65543
<NET-CHANGE-IN-ASSETS> (3872854)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 100418
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 211115
<AVERAGE-NET-ASSETS> 40140205
<PER-SHARE-NAV-BEGIN> 11.01
<PER-SHARE-NII> .27
<PER-SHARE-GAIN-APPREC> (.44)
<PER-SHARE-DIVIDEND> (.27)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.57
<EXPENSE-RATIO> .73<F1>
<FN>
<F1>Ratio is annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> THE OKLAHOMA MUNICIPAL FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-END> JAN-31-2000
<INVESTMENTS-AT-COST> 16831173
<INVESTMENTS-AT-VALUE> 15788055
<RECEIVABLES> 259221
<ASSETS-OTHER> 14577
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 16061853
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 75654
<TOTAL-LIABILITIES> 75654
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17064683
<SHARES-COMMON-STOCK> 1457465
<SHARES-COMMON-PRIOR> 1389571
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (35366)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1043118)
<NET-ASSETS> 15986199
<DIVIDEND-INCOME> 5195
<INTEREST-INCOME> 455694
<OTHER-INCOME> 0
<EXPENSES-NET> 34724
<NET-INVESTMENT-INCOME> 426165
<REALIZED-GAINS-CURRENT> (22330)
<APPREC-INCREASE-CURRENT> (895403)
<NET-CHANGE-FROM-OPS> (491568)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (426165)
<DISTRIBUTIONS-OF-GAINS> (48564)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 224125
<NUMBER-OF-SHARES-REDEEMED> 180610
<SHARES-REINVESTED> 24379
<NET-CHANGE-IN-ASSETS> (148992)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 35529
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42304
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 102067
<AVERAGE-NET-ASSETS> 16918780
<PER-SHARE-NAV-BEGIN> 11.61
<PER-SHARE-NII> .28
<PER-SHARE-GAIN-APPREC> (.61)
<PER-SHARE-DIVIDEND> (.28)
<PER-SHARE-DISTRIBUTIONS> (.03)
<RETURNS-OF-CAPITAL> 10.97
<PER-SHARE-NAV-END> .41<F1>
<EXPENSE-RATIO> 0
<FN>
<F1>Ratio is annualized
</FN>
</TABLE>
