<PAGE> PAGE 1
000 A000000 05/31/1999
000 C000000 0000869393
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 NEWPOINT FUNDS
001 B000000 811-6224
001 C000000 4122886331
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 2
007 C010100 1
007 C020100 NEWPOINT GOVERNMENT MONEY MARKET FUND
007 C030100 N
007 C010200 2
007 C020200 NEWPOINT EQUITY FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 FIRSTMERIT BANK, N.A.
008 B00AA01 A
008 C00AA01 801-0000
008 D01AA01 AKRON
008 D02AA01 OH
008 D03AA01 44308
008 D04AA01 1440
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
<PAGE> PAGE 2
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3779
012 A00AA01 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 PAINE WEBBER INCORPORATED
020 C000001 8
020 A000002 SOUNDVIEW FINANCIAL GROUP
020 C000002 5
020 A000003 SG COWEN SECURITIES CORP.
020 C000003 2
020 A000004 COWEN AND COMPANY
020 C000004 1
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 16
022 A000001 SPEAR, LEEDS & KELLOG
022 C000001 474788
022 D000001 0
022 A000002 MORGAN STANLEY & CO., INC.
022 C000002 347182
022 D000002 0
022 A000003 DEAN WITTER REYNOLDS, INC.
022 C000003 128464
022 D000003 0
022 A000004 PAINE WEBBER INCORPORATED
022 C000004 1350
022 D000004 0
022 A000005 SOUNDVIEW FINANCIAL GROUP
022 C000005 0
022 D000005 250
022 A000006 SG COWEN SECURITIES CORP.
022 C000006 0
022 D000006 236
022 C000007 0
<PAGE> PAGE 3
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
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022 D000010 0
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023 D000000 5812
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025 D00AA08 0
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026 B000000 Y
026 C000000 Y
026 D000000 Y
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026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
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036 B00AA00 0
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042 D00AA00 0
042 E00AA00 0
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042 G00AA00 0
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044 00AA00 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
<PAGE> PAGE 4
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
058 A00AA00 N
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060 A00AA00 Y
060 B00AA00 Y
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077 A000000 Y
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077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
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077 M000000 N
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077 Q020000 N
077 Q030000 N
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086 F020000 0
015 A000101 STATE STREET BANK & TRUST COMPANY
015 B000101 C
<PAGE> PAGE 5
015 C010101 BOSTON
015 C020101 MA
015 C030101 02266
015 C040101 8600
015 E010101 X
015 A000102 BANKERS TRUST CO.
015 B000102 S
015 C010102 NEW YORK
015 C020102 NY
015 C030102 10006
015 E010102 X
015 A000103 BANK OF NEW YORK
015 B000103 S
015 C010103 NEW YORK
015 C020103 NY
015 C030103 10006
015 E010103 X
015 A000104 THE CHASE MANHATTAN CORP
015 B000104 S
015 C010104 NEW YORK
015 C020104 NY
015 C030104 10006
015 E010104 X
015 A000105 NATIONSBANK OF NORTH CAROLINA
015 B000105 S
015 C010105 CHARLOTTE
015 C020105 NC
015 C030105 28255
015 E010105 X
015 A000106 PNC BANK, NA
015 B000106 S
015 C010106 PITTSBURGH
015 C020106 PA
015 C030106 15265
015 E010106 X
028 A010100 19459
028 A020100 0
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028 B010100 30878
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<PAGE> PAGE 6
028 E010100 22278
028 E020100 229
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028 G020100 1143
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028 H000100 0
029 000100 N
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030 C000100 0.00
031 A000100 0
031 B000100 0
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039 000100 N
040 000100 N
045 000100 Y
046 000100 N
047 000100 Y
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048 C020100 0.000
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<PAGE> PAGE 7
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
062 A000100 Y
062 B000100 0.0
062 C000100 107.1
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 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 64
063 B000100 0.0
064 A000100 N
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
<PAGE> PAGE 8
070 K010100 N
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 3490
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 358
072 G000100 107
072 H000100 0
072 I000100 34
072 J000100 5
072 K000100 0
072 L000100 0
072 M000100 0
072 N000100 8
072 O000100 0
072 P000100 0
072 Q000100 20
072 R000100 6
072 S000100 1
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 7
072 X000100 552
072 Y000100 143
072 Z000100 3081
072AA000100 0
072BB000100 0
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<PAGE> PAGE 9
072DD020100 0
072EE000100 0
073 A010100 0.0200
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 1
074 B000100 0
074 C000100 146716
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 749
074 M000100 0
074 N000100 147466
074 O000100 10000
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 499
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074 T000100 136967
074 U010100 136967
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 1.0000
074 X000100 1651
074 Y000100 0
075 A000100 143505
075 B000100 0
076 000100 0.00
015 A000201 STATE STREET BANK AND TRUST COMPANY
015 B000201 C
015 C010201 BOSTON
015 C020201 MA
015 C030201 02266
015 C040201 8600
015 E010201 X
015 A000202 BANKERS TRUST CO.
015 B000202 S
015 C010202 NEW YORK
015 C020202 NY
015 C030202 10015
<PAGE> PAGE 10
015 E010202 X
015 A000203 BANK OF NEW YORK
015 B000203 S
015 C010203 NEW YORK
015 C020203 NY
015 C030203 10006
015 E010203 X
015 A000204 THE CHASE MANHATTAN CORP.
015 B000204 S
015 C010204 NEW YORK
015 C020204 NY
015 C030204 10006
015 E010204 X
015 A000205 NATIONSBANK OF NORTH CAROLINA
015 B000205 S
015 C010205 CHARLOTTE
015 C020205 NC
015 C030205 28255
015 E010205 X
015 A000206 PNC BANK, NA
015 B000206 S
015 C010206 PITTSBURGH
015 C020206 PA
015 C030206 15265
015 E010206 X
028 A010200 230
028 A020200 1909
028 A030200 0
028 A040200 704
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028 G010200 1647
028 G020200 1909
<PAGE> PAGE 11
028 G030200 0
028 G040200 2532
028 H000200 1671
029 000200 Y
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030 C000200 0.00
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031 B000200 0
032 000200 1
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
048 000200 0.750
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048 K020200 0.000
055 A000200 N
055 B000200 N
056 000200 Y
057 000200 N
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062 C000200 0.0
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062 E000200 0.0
<PAGE> PAGE 12
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
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062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
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066 A000200 Y
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066 C000200 N
066 D000200 N
066 E000200 Y
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
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070 J010200 Y
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070 K020200 Y
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<PAGE> PAGE 13
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070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 8916
071 B000200 8245
071 C000200 63413
071 D000200 13
072 A000200 6
072 B000200 27
072 C000200 261
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072EE000200 1916
073 A010200 0.0020
073 A020200 0.0000
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<PAGE> PAGE 14
073 C000200 0.0000
074 A000200 0
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074 E000200 0
074 F000200 65291
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083 A000200 N
083 B000200 0
084 A000200 N
084 B000200 0
085 A000200 Y
085 B000200 N
SIGNATURE STEVE KEANE
TITLE GENERAL COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000869393
<NAME> Newpoint Funds
<SERIES>
<NUMBER> 002
<NAME> Newpoint Equity Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Nov-30-1999
<PERIOD-END> May-31-1999
<INVESTMENTS-AT-COST> 36,886,068
<INVESTMENTS-AT-VALUE> 65,290,465
<RECEIVABLES> 41,335
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 242
<TOTAL-ASSETS> 65,332,042
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 52,853
<TOTAL-LIABILITIES> 52,853
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34,676,626
<SHARES-COMMON-STOCK> 3,009,404
<SHARES-COMMON-PRIOR> 2,959,607
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (45,675)
<ACCUMULATED-NET-GAINS> 2,243,841
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28,404,397
<NET-ASSETS> 65,279,189
<DIVIDEND-INCOME> 260,652
<INTEREST-INCOME> 26,670
<OTHER-INCOME> 0
<EXPENSES-NET> (339,494)
<NET-INVESTMENT-INCOME> (52,172)
<REALIZED-GAINS-CURRENT> 2,243,754
<APPREC-INCREASE-CURRENT> 5,664,864
<NET-CHANGE-FROM-OPS> 7,856,446
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,882)
<DISTRIBUTIONS-OF-GAINS> (1,916,013)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 75,890
<NUMBER-OF-SHARES-REDEEMED> (118,204)
<SHARES-REINVESTED> 92,111
<NET-CHANGE-IN-ASSETS> 6,958,532
<ACCUMULATED-NII-PRIOR> 12,379
<ACCUMULATED-GAINS-PRIOR> 1,916,100
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 243,675
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 363,258
<AVERAGE-NET-ASSETS> 65,158,355
<PER-SHARE-NAV-BEGIN> 19.710
<PER-SHARE-NII> (0.020)
<PER-SHARE-GAIN-APPREC> 2.650
<PER-SHARE-DIVIDEND> (0.002)
<PER-SHARE-DISTRIBUTIONS> (0.650)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 21.690
<EXPENSE-RATIO> 1.040
[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>
<ARTICLE> 6
<CIK> 0000869393
<NAME> Newpoint Funds
<SERIES>
<NUMBER> 001
<NAME> Newpoint Government Money Market Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Nov-30-1999
<PERIOD-END> May-31-1999
<INVESTMENTS-AT-COST> 146,715,453
<INVESTMENTS-AT-VALUE> 146,715,453
<RECEIVABLES> 749,320
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 849
<TOTAL-ASSETS> 147,465,622
<PAYABLE-FOR-SECURITIES> 10,000,000
<SENIOR-LONG-TERM-DEBT>
<OTHER-ITEMS-LIABILITIES> 498,842
<TOTAL-LIABILITIES> 10,498,842
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 136,966,780
<SHARES-COMMON-STOCK> 136,966,780
<SHARES-COMMON-PRIOR> 134,989,087
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 136,966,780
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,489,562
<OTHER-INCOME> 0
<EXPENSES-NET> (409,059)
<NET-INVESTMENT-INCOME> 3,080,503
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3,080,503
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,080,503)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 124,609,733
<NUMBER-OF-SHARES-REDEEMED> (123,775,040)
<SHARES-REINVESTED> 1,143,000
<NET-CHANGE-IN-ASSETS> 1,977,693
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 357,779
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 552,171
<AVERAGE-NET-ASSETS> 143,504,674
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> (0.020)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.570
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0.000
</TABLE>
Exhibit 77Q1(a)
ITEM 77D
POLICIES WITH RESPECT TO SECURITY INVESTMENTS
A Meeting of the Board of Trustees (the "Trustees") of Newpoint Funds
(the "Trust") was held on February 15, 1999.
After full discussion, on motion duly made and seconded, the Trustees
unanimously, and without shareholder approval, authorized and approved
a proposal to amend the investment policies of Newpoint Government Money
Market Fund (the "Fund") as follows:
RESOLVED, that the Board hereby approves the addition of the following
investment policy, which may not be changed without shareholder approval:
"Newpoint Government Money Market Fund will not invest more than 25%
of the value of its total assets in any one industry (other than cash or
cash items, and securities issured by the U.S. government, its agencies
or instrumentalities, or repurchase agreements secured by such
securities)."
