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Previous: RANSON MANAGED PORTFOLIOS, 485BPOS, 1995-11-30 |
Next: SAFECO COMMON STOCK TRUST, NSAR-B, 1995-11-30 |
<PAGE> PAGE 1
000 B000000 09/30/95
000 C000000 0000867063
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE VIRTUS FUNDS
001 B000000 811-6158
001 C000000 4122888160
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 8
007 C010100 1
007 C020100 THE U.S. GOVERNMENT SECURITIES FUND
007 C030100 N
007 C010200 2
007 C020200 THE MARYLAND MUNICIPAL BOND FUND
007 C030200 N
007 C010300 3
007 C020300 THE MONEY MARKET FUND
007 C030300 N
007 C010400 4
007 C020400 THE TREASURY MONEY MARKET FUND
007 C030400 N
007 C010500 5
007 C020500 THE STOCK FUND
007 C030500 N
007 C010600 6
007 C020600 THE VIRGINIA MUNICIPAL BOND FUND
007 C030600 N
007 C010700 7
007 C020700 THE TAX-FREE MONEY MARKET FUND
007 C030700 N
007 C010800 8
007 C020800 THE STRATEGIC STOCK FUND
007 C030800 N
007 C010900 9
007 C011000 10
008 A00AA01 VIRTUS CAPITAL MANAGEMENT, INC.
008 B00AA01 A
<PAGE> PAGE 2
008 C00AA01 801-0000
008 D01AA01 RICHMOND
008 D02AA01 VA
008 D03AA01 23219
010 A00AA01 FEDERATED ADMINISTRATIVE SERVICES
010 C01AA01 PITTSBURGH
010 C02AA01 PA
010 C03AA01 15222
010 C04AA01 3779
011 A00AA01 FEDERATED SECURITIES CORP.
011 B00AA01 8-15561
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3779
012 A00AA01 FEDERATED SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 PITTSBURGH
013 B02AA01 PA
013 B03AA01 15222
015 A00AA01 SIGNET TRUST COMPANY
015 B00AA01 C
015 C01AA01 RICHMOND
015 C02AA01 VA
015 C03AA01 23219
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 EXECUTION SERVICES
020 C000001 251
020 A000002 ABLE NOSER
020 C000002 182
020 A000003 SMITH BARNEY, INC.
020 B000003 13-1912900
020 C000003 38
020 A000004 AUTRANET, INC.
020 C000004 34
020 A000005 BEAR, STEARNS & CO.
020 B000005 13-4946705
020 C000005 15
020 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000006 13-5674085
020 C000006 14
020 A000007 NEWBRIDGE SECURITIES
020 C000007 9
<PAGE> PAGE 3
020 A000008 DEAN WITTER REYNOLDS, INC.
020 B000008 94-1671384
020 C000008 5
020 A000009 GENERAL ELECTRIC CAPITAL CORP.
020 B000009 13-1500700
020 C000009 3
020 A000010 INTERSTATE
020 C000010 3
021 000000 1256
022 A000001 PRUDENTIAL SECURITIES CORP.
022 B000001 22-2347336
022 C000001 30724204
022 D000001 95143
022 A000002 C.S. FIRST BOSTON CORP.
022 B000002 13-5659485
022 C000002 15293000
022 D000002 0
022 A000003 NIKKO SECURITIES CO. INTERNATIONAL, INC.
022 B000003 94-1302123
022 C000003 12914298
022 D000003 0
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000004 13-5674085
022 C000004 10257941
022 D000004 26357
022 A000005 KIDDER, PEABODY & CO., INC.
022 B000005 13-5650440
022 C000005 2881990
022 D000005 0
022 A000006 BEAR, STEARNS & CO.
022 B000006 13-4946705
022 C000006 1187700
022 D000006 25073
022 A000007 NATIONS BANK
022 C000007 674770
022 D000007 35629
022 A000008 WHEAT FIRST BUTCHER & SINGER CAPITAL MARKETS
022 B000008 54-0796506
022 C000008 243296
022 D000008 197809
022 A000009 EXECUTION SERVICES, INC.
022 C000009 99390
022 D000009 110162
022 A000010 GOLDMAN SACHS & CO.
022 B000010 13-5108880
022 C000010 100393
022 D000010 98670
023 C000000 74784523
023 D000000 793297
026 A000000 Y
026 B000000 Y
<PAGE> PAGE 4
026 C000000 Y
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<PAGE> PAGE 5
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
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078 000000 N
080 A00AA00 THE AETNA CASUALTY AND SURETY COMPANY
080 B00AA00 ICI MUTUAL INSURANCE COMPANY
080 C00AA00 85000
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
070 I020100 N
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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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062 A000400 Y
062 B000400 46.6
062 C000400 0.0
062 D000400 53.1
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
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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
066 A000400 N
067 000400 N
<PAGE> PAGE 21
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
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 N
070 K010400 Y
070 K020400 N
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 0
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072 A000400 12
072 B000400 27060
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<PAGE> PAGE 22
072 I000400 49
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<PAGE> PAGE 23
074 T000400 248019
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074 X000400 513
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075 A000400 469485
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024 000500 N
025 D000501 0
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025 D000503 0
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025 D000505 0
025 D000506 0
025 D000507 0
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028 C010500 4008
028 C020500 82
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028 D010500 4792
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028 G020500 216
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034 000500 Y
035 000500 18
<PAGE> PAGE 24
036 A000500 N
036 B000500 0
037 000500 N
038 000500 0
039 000500 N
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042 A000500 0
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042 D000500 0
042 E000500 0
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048 I010500 0
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060 A000500 Y
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<PAGE> PAGE 25
062 D000500 0.0
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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
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062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
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066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 N
066 E000500 Y
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
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 N
070 L010500 Y
<PAGE> PAGE 26
070 L020500 Y
070 M010500 N
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 179057
071 B000500 203356
071 C000500 85896
071 D000500 208
072 A000500 12
072 B000500 258
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<PAGE> PAGE 27
073 A020500 0.0920
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024 000600 N
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<PAGE> PAGE 28
028 B030600 0
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<PAGE> PAGE 29
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<PAGE> PAGE 30
070 B010600 N
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<PAGE> PAGE 31
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<PAGE> PAGE 32
074 W000600 0.0000
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<PAGE> PAGE 33
041 000700 N
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<PAGE> PAGE 34
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<PAGE> PAGE 35
070 Q020700 N
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
SIGNATURE S. ELLIOT COHAN
TITLE ASST. GEN. COUNSEL
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 011
<NAME> The Virtus Funds
The U.S. Government Securities Fund
Trust Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 213,710,217
<INVESTMENTS-AT-VALUE> 212,205,955
<RECEIVABLES> 5,643,954
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 217,849,909
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<OTHER-ITEMS-LIABILITIES> 1,637,034
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 228,775,970
<SHARES-COMMON-STOCK> 10,006,598
<SHARES-COMMON-PRIOR> 10,891,884
<ACCUMULATED-NII-CURRENT> 45,566
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,207,295
<OVERDISTRIBUTION-GAINS> 2,897,104
<ACCUM-APPREC-OR-DEPREC> 1,504,262
<NET-ASSETS> 101,410,378
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 15,685,511
<OTHER-INCOME> 0
<EXPENSES-NET> 1,863,418
<NET-INVESTMENT-INCOME> 13,822,093
<REALIZED-GAINS-CURRENT> (1,378,821)
<APPREC-INCREASE-CURRENT> 7,562,122
<NET-CHANGE-FROM-OPS> 20,005,394
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,886,095
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,129,377
<NUMBER-OF-SHARES-REDEEMED> 3,014,663
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (3,329,339)
<ACCUMULATED-NII-PRIOR> 1,817
<ACCUMULATED-GAINS-PRIOR> (6,830,353)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2,897,103)
<GROSS-ADVISORY-FEES> 1,581,364
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,453,303
<AVERAGE-NET-ASSETS> 211,861,606
<PER-SHARE-NAV-BEGIN> 9.830
<PER-SHARE-NII> 0.660
<PER-SHARE-GAIN-APPREC> 0.300
<PER-SHARE-DIVIDEND> 0.660
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<PER-SHARE-NAV-END> 10.130
<EXPENSE-RATIO> 0.76
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 012
<NAME> The Virtus Funds
The U.S. Government Securities Fund
Investment Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 213,710,217
<INVESTMENTS-AT-VALUE> 212,205,955
<RECEIVABLES> 5,643,954
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 217,849,909
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,637,034
<TOTAL-LIABILITIES> 1,637,034
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 228,775,970
<SHARES-COMMON-STOCK> 11,328,043
<SHARES-COMMON-PRIOR> 11,434,415
<ACCUMULATED-NII-CURRENT> 45,566
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,207,295
<OVERDISTRIBUTION-GAINS> 2,897,104
<ACCUM-APPREC-OR-DEPREC> 1,504,262
<NET-ASSETS> 114,802,497
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 15,685,511
<OTHER-INCOME> 0
<EXPENSES-NET> 1,863,418
<NET-INVESTMENT-INCOME> 13,822,093
<REALIZED-GAINS-CURRENT> (1,378,821)
<APPREC-INCREASE-CURRENT> 7,562,122
<NET-CHANGE-FROM-OPS> 20,005,394
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,892,250
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,229,961
<NUMBER-OF-SHARES-REDEEMED> 2,817,774
<SHARES-REINVESTED> 481,441
<NET-CHANGE-IN-ASSETS> (3,329,339)
<ACCUMULATED-NII-PRIOR> 1,817
<ACCUMULATED-GAINS-PRIOR> (6,830,353)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2,897,103)
<GROSS-ADVISORY-FEES> 1,581,364
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,453,303
<AVERAGE-NET-ASSETS> 211,861,606
<PER-SHARE-NAV-BEGIN> 9.830
<PER-SHARE-NII> 0.640
<PER-SHARE-GAIN-APPREC> 0.300
<PER-SHARE-DIVIDEND> 0.640
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.130
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 021
<NAME> The Virtus Funds
The Maryland Municipal Bond Fund
Trust Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 40,339,744
<INVESTMENTS-AT-VALUE> 41,286,091
<RECEIVABLES> 571,001
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 41,857,092
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 237,094
<TOTAL-LIABILITIES> 237,094
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41,373,993
<SHARES-COMMON-STOCK> 885,591
<SHARES-COMMON-PRIOR> 1,110,700
<ACCUMULATED-NII-CURRENT> 999
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (639,922)
<OVERDISTRIBUTION-GAINS> (61,419)
<ACCUM-APPREC-OR-DEPREC> 946,347
<NET-ASSETS> 9,465,787
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,309,623
<OTHER-INCOME> 0
<EXPENSES-NET> 497,657
<NET-INVESTMENT-INCOME> 1,811,966
<REALIZED-GAINS-CURRENT> (681,620)
<APPREC-INCREASE-CURRENT> 2,620,698
<NET-CHANGE-FROM-OPS> 3,751,044
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 453,315
<DISTRIBUTIONS-OF-GAINS> 14,470
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 145,854
<NUMBER-OF-SHARES-REDEEMED> 370,963
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (4,260,542)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 41,698
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 316,194
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 685,133
<AVERAGE-NET-ASSETS> 42,250,174
<PER-SHARE-NAV-BEGIN> 10.170
<PER-SHARE-NII> 0.420
<PER-SHARE-GAIN-APPREC> 0.540
<PER-SHARE-DIVIDEND> 0.420
<PER-SHARE-DISTRIBUTIONS> 0.020
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.690
<EXPENSE-RATIO> 0.99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 022
<NAME> The Virtus Funds
The Maryland Municipal Bond Fund
Investment Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 40,339,744
<INVESTMENTS-AT-VALUE> 41,286,091
<RECEIVABLES> 571,001
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 41,857,092
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 237,094
<TOTAL-LIABILITIES> 237,094
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41,373,993
<SHARES-COMMON-STOCK> 3,008,082
<SHARES-COMMON-PRIOR> 3,398,913
<ACCUMULATED-NII-CURRENT> 999
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (639,922)
<OVERDISTRIBUTION-GAINS> (61,419)
<ACCUM-APPREC-OR-DEPREC> 946,347
<NET-ASSETS> 32,154,211
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,309,623
<OTHER-INCOME> 0
<EXPENSES-NET> 497,657
<NET-INVESTMENT-INCOME> 1,811,966
<REALIZED-GAINS-CURRENT> (681,620)
<APPREC-INCREASE-CURRENT> 2,620,698
<NET-CHANGE-FROM-OPS> 3,751,044
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,357,652
<DISTRIBUTIONS-OF-GAINS> 46,949
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 358,009
<NUMBER-OF-SHARES-REDEEMED> 848,026
<SHARES-REINVESTED> 99,186
<NET-CHANGE-IN-ASSETS> (4,260,542)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 41,698
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 316,194
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 685,133
<AVERAGE-NET-ASSETS> 42,250,174
<PER-SHARE-NAV-BEGIN> 10.170
<PER-SHARE-NII> 0.400
<PER-SHARE-GAIN-APPREC> 0.540
<PER-SHARE-DIVIDEND> 0.400
<PER-SHARE-DISTRIBUTIONS> 0.020
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.690
<EXPENSE-RATIO> 1.24
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 031
<NAME> The Virtus Funds
The Money Market Fund
Trust Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 187,422,929
<INVESTMENTS-AT-VALUE> 187,422,929
<RECEIVABLES> 1,407,302
<ASSETS-OTHER> 30,564,985
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 219,395,216
<PAYABLE-FOR-SECURITIES> 2,977,772
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 843,131
<TOTAL-LIABILITIES> 3,820,903
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 215,574,313
<SHARES-COMMON-STOCK> 173,760,819
<SHARES-COMMON-PRIOR> 132,445,041
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 173,760,819
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10,174,431
<OTHER-INCOME> 0
<EXPENSES-NET> 1,066,637
<NET-INVESTMENT-INCOME> 9,107,794
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 9,107,794
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7,487,164
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 488,178,853
<NUMBER-OF-SHARES-REDEEMED> 446,887,940
<SHARES-REINVESTED> 24,865
<NET-CHANGE-IN-ASSETS> 67,893,741
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 868,490
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,408,101
<AVERAGE-NET-ASSETS> 205,424,000
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.050
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.57
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 032
<NAME> The Virtus Funds
The Money Market Fund
Investment Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 187,422,929
<INVESTMENTS-AT-VALUE> 187,422,929
<RECEIVABLES> 1,407,302
<ASSETS-OTHER> 30,564,985
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 219,395,216
<PAYABLE-FOR-SECURITIES> 2,977,772
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 843,131
<TOTAL-LIABILITIES> 3,820,903
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 215,574,313
<SHARES-COMMON-STOCK> 41,813,494
<SHARES-COMMON-PRIOR> 15,235,531
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 41,813,494
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10,174,431
<OTHER-INCOME> 0
<EXPENSES-NET> 1,066,637
<NET-INVESTMENT-INCOME> 9,107,794
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 9,107,794
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,620,630
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 66,743,936
<NUMBER-OF-SHARES-REDEEMED> 41,705,072
<SHARES-REINVESTED> 1,539,099
<NET-CHANGE-IN-ASSETS> 67,893,741
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 868,490
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,408,101
<AVERAGE-NET-ASSETS> 205,424,000
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.050
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.81
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 041
<NAME> The Virtus Funds
The Treasury Money Market Fund
Trust Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 115,521,383
<INVESTMENTS-AT-VALUE> 115,521,383
<RECEIVABLES> 2,577,248
<ASSETS-OTHER> 131,747,139
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 249,845,770
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,826,527
<TOTAL-LIABILITIES> 1,826,527
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 248,019,243
<SHARES-COMMON-STOCK> 208,656,142
<SHARES-COMMON-PRIOR> 304,284,576
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 208,656,142
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 27,060,335
<OTHER-INCOME> 0
<EXPENSES-NET> 2,873,680
<NET-INVESTMENT-INCOME> 24,186,655
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 24,186,655
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 22,613,622
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,199,498,653
<NUMBER-OF-SHARES-REDEEMED> 3,295,170,869
<SHARES-REINVESTED> 43,782
<NET-CHANGE-IN-ASSETS> (78,148,241)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,347,424
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,343,165
<AVERAGE-NET-ASSETS> 469,484,800
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.050
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 042
<NAME> The Virtus Funds
The Treasury Money Market Fund
Investment Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 115,521,383
<INVESTMENTS-AT-VALUE> 115,521,383
<RECEIVABLES> 2,577,248
<ASSETS-OTHER> 131,747,139
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 249,845,770
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,826,527
<TOTAL-LIABILITIES> 1,826,527
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 248,019,243
<SHARES-COMMON-STOCK> 39,363,101
<SHARES-COMMON-PRIOR> 21,882,908
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 39,363,101
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 27,060,335
<OTHER-INCOME> 0
<EXPENSES-NET> 2,873,680
<NET-INVESTMENT-INCOME> 24,186,655
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 24,186,655
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,573,033
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 44,802,002
<NUMBER-OF-SHARES-REDEEMED> 28,843,368
<SHARES-REINVESTED> 1,521,559
<NET-CHANGE-IN-ASSETS> (78,148,241)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,347,424
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,343,165
<AVERAGE-NET-ASSETS> 469,484,800
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.050
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 051
<NAME> The Virtus Funds
The Stock Fund
Trust Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 79,738,644
<INVESTMENTS-AT-VALUE> 88,805,905
<RECEIVABLES> 4,031,299
<ASSETS-OTHER> 10,220
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 92,847,424
<PAYABLE-FOR-SECURITIES> 2,805,536
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 188,595
<TOTAL-LIABILITIES> 2,994,131
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 73,597,501
<SHARES-COMMON-STOCK> 3,310,403
<SHARES-COMMON-PRIOR> 5,961,603
<ACCUMULATED-NII-CURRENT> 107,629
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,080,902
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,067,261
<NET-ASSETS> 45,344,738
<DIVIDEND-INCOME> 1,442,419
<INTEREST-INCOME> 258,149
<OTHER-INCOME> 0
<EXPENSES-NET> 947,215
<NET-INVESTMENT-INCOME> 753,353
<REALIZED-GAINS-CURRENT> 7,288,596
<APPREC-INCREASE-CURRENT> 8,056,089
<NET-CHANGE-FROM-OPS> 16,098,038
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 531,337
<DISTRIBUTIONS-OF-GAINS> 1,709,248
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,027,794
<NUMBER-OF-SHARES-REDEEMED> 3,766,090
<SHARES-REINVESTED> 87,096
<NET-CHANGE-IN-ASSETS> (7,259,700)
<ACCUMULATED-NII-PRIOR> 145,067
<ACCUMULATED-GAINS-PRIOR> 2,181,712
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 678,512
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,137,198
<AVERAGE-NET-ASSETS> 90,695,695
<PER-SHARE-NAV-BEGIN> 11.800
<PER-SHARE-NII> 0.120
<PER-SHARE-GAIN-APPREC> 2.200
<PER-SHARE-DIVIDEND> 0.120
<PER-SHARE-DISTRIBUTIONS> 0.300
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.700
<EXPENSE-RATIO> 0.96
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 052
<NAME> The Virtus Funds
The Stock Fund
Investment Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 79,738,644
<INVESTMENTS-AT-VALUE> 88,805,905
<RECEIVABLES> 4,031,299
<ASSETS-OTHER> 10,220
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 92,847,424
<PAYABLE-FOR-SECURITIES> 2,805,536
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 188,595
<TOTAL-LIABILITIES> 2,994,131
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 73,597,501
<SHARES-COMMON-STOCK> 3,249,476
<SHARES-COMMON-PRIOR> 2,265,177
<ACCUMULATED-NII-CURRENT> 107,629
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,080,902
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,067,261
<NET-ASSETS> 44,508,555
<DIVIDEND-INCOME> 1,442,419
<INTEREST-INCOME> 258,149
<OTHER-INCOME> 0
<EXPENSES-NET> 947,215
<NET-INVESTMENT-INCOME> 753,353
<REALIZED-GAINS-CURRENT> 7,288,596
<APPREC-INCREASE-CURRENT> 8,056,089
<NET-CHANGE-FROM-OPS> 16,098,038
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 259,454
<DISTRIBUTIONS-OF-GAINS> 680,158
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,471,204
<NUMBER-OF-SHARES-REDEEMED> 566,888
<SHARES-REINVESTED> 79,983
<NET-CHANGE-IN-ASSETS> (7,259,700)
<ACCUMULATED-NII-PRIOR> 145,067
<ACCUMULATED-GAINS-PRIOR> 2,181,712
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 678,512
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,137,198
<AVERAGE-NET-ASSETS> 90,695,695
<PER-SHARE-NAV-BEGIN> 11.800
<PER-SHARE-NII> 0.090
<PER-SHARE-GAIN-APPREC> 2.200
<PER-SHARE-DIVIDEND> 0.090
<PER-SHARE-DISTRIBUTIONS> 0.300
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.700
<EXPENSE-RATIO> 1.21
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 061
<NAME> The Virtus Funds
The Virginia Municipal Bond Fund
Trust Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 99,822,159
<INVESTMENTS-AT-VALUE> 102,518,059
<RECEIVABLES> 4,738,029
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 107,256,088
<PAYABLE-FOR-SECURITIES> 2,648,746
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 364,677
<TOTAL-LIABILITIES> 3,013,423
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 103,083,957
<SHARES-COMMON-STOCK> 3,114,671
<SHARES-COMMON-PRIOR> 3,330,661
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,364,455)
<OVERDISTRIBUTION-GAINS> (172,737)
<ACCUM-APPREC-OR-DEPREC> 2,695,900
<NET-ASSETS> 33,669,594
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,673,654
<OTHER-INCOME> 0
<EXPENSES-NET> 1,125,010
<NET-INVESTMENT-INCOME> 4,548,644
<REALIZED-GAINS-CURRENT> (1,364,455)
<APPREC-INCREASE-CURRENT> 6,633,292
<NET-CHANGE-FROM-OPS> 9,817,481
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,532,726
<DISTRIBUTIONS-OF-GAINS> 329
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 599,178
<NUMBER-OF-SHARES-REDEEMED> 815,168
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (4,627,989)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (1,096)
<OVERDIST-NET-GAINS-PRIOR> (171,733)
<GROSS-ADVISORY-FEES> 775,247
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,352,311
<AVERAGE-NET-ASSETS> 103,483,803
<PER-SHARE-NAV-BEGIN> 10.260
<PER-SHARE-NII> 0.480
<PER-SHARE-GAIN-APPREC> 0.550
<PER-SHARE-DIVIDEND> 0.480
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.810
<EXPENSE-RATIO> 0.92
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 062
<NAME> The Virtus Funds
The Virginia Municipal Bond Fund
Investment Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 99,822,159
<INVESTMENTS-AT-VALUE> 102,518,059
<RECEIVABLES> 4,738,029
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 107,256,088
<PAYABLE-FOR-SECURITIES> 2,648,746
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 364,677
<TOTAL-LIABILITIES> 3,013,423
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 103,083,957
<SHARES-COMMON-STOCK> 6,525,602
<SHARES-COMMON-PRIOR> 7,282,825
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,364,455)
<OVERDISTRIBUTION-GAINS> (172,737)
<ACCUM-APPREC-OR-DEPREC> 2,695,900
<NET-ASSETS> 70,573,071
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,673,654
<OTHER-INCOME> 0
<EXPENSES-NET> 1,125,010
<NET-INVESTMENT-INCOME> 4,548,644
<REALIZED-GAINS-CURRENT> (1,364,455)
<APPREC-INCREASE-CURRENT> 6,633,292
<NET-CHANGE-FROM-OPS> 9,817,481
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,014,821
<DISTRIBUTIONS-OF-GAINS> 675
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 939,334
<NUMBER-OF-SHARES-REDEEMED> 1,918,280
<SHARES-REINVESTED> 221,723
<NET-CHANGE-IN-ASSETS> (4,627,989)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (1,096)
<OVERDIST-NET-GAINS-PRIOR> (171,733)
<GROSS-ADVISORY-FEES> 775,247
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,352,311
<AVERAGE-NET-ASSETS> 103,483,803
<PER-SHARE-NAV-BEGIN> 10.260
<PER-SHARE-NII> 0.450
<PER-SHARE-GAIN-APPREC> 0.550
<PER-SHARE-DIVIDEND> 0.450
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.810
<EXPENSE-RATIO> 1.17
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 07
<NAME> The Virtus Funds
The Tax-Free Money Market Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 76,032,528
<INVESTMENTS-AT-VALUE> 76,032,528
<RECEIVABLES> 6,290,885
<ASSETS-OTHER> 7,569
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 82,330,982
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 353,522
<TOTAL-LIABILITIES> 353,522
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 81,977,460
<SHARES-COMMON-STOCK> 81,977,460
<SHARES-COMMON-PRIOR> 21,966,640
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 81,977,460
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,071,247
<OTHER-INCOME> 0
<EXPENSES-NET> 204,976
<NET-INVESTMENT-INCOME> 1,866,271
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,866,271
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,866,271
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 244,825,710
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<SHARES-REINVESTED> 369,306
<NET-CHANGE-IN-ASSETS> 60,010,820
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 499,069
<AVERAGE-NET-ASSETS> 52,558,455
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.030
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<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.39
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 08
<NAME> The Virtus Funds
The Strategic Stock Fund
<PERIOD-TYPE> 7-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 74,048,526
<INVESTMENTS-AT-VALUE> 79,202,241
<RECEIVABLES> 40,607
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<TOTAL-ASSETS> 79,243,651
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 855,614
<TOTAL-LIABILITIES> 855,614
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 66,476,555
<SHARES-COMMON-STOCK> 6,518,730
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 23,714
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,734,053
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,153,715
<NET-ASSETS> 78,388,037
<DIVIDEND-INCOME> 160,750
<INTEREST-INCOME> 176,530
<OTHER-INCOME> 0
<EXPENSES-NET> 164,733
<NET-INVESTMENT-INCOME> 172,547
<REALIZED-GAINS-CURRENT> 6,734,053
<APPREC-INCREASE-CURRENT> 5,153,715
<NET-CHANGE-FROM-OPS> 12,060,315
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 148,833
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,728,162
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<SHARES-REINVESTED> 13,541
<NET-CHANGE-IN-ASSETS> 78,388,037
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 374,393
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 551,202
<AVERAGE-NET-ASSETS> 66,249,334
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> 0.030
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<PER-SHARE-NAV-END> 12.030
<EXPENSE-RATIO> 0.44
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
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