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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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SIGNATURE STEVE KEANE
TITLE GENERAL COUNSEL
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> Riggs funds
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<NAME> Riggs funds
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 873929
<NAME> Riggs funds
<SERIES>
<NUMBER> 011
<NAME> Riggs Prime Money Market
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 873929
<NAME> Riggs funds
<SERIES>
<NUMBER> 042
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 873929
<NAME> Riggs funds
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<NAME> Riggs Stock Fund
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<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.890
<EXPENSE-RATIO> 1.35
<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> 873929
<NAME> Riggs funds
<SERIES>
<NUMBER> 021
<NAME> Riggs US Treasury Money Market
<S> <C>
<PERIOD-TYPE> 6 months
<FISCAL-YEAR-END> Apr-30-1998
<PERIOD-END> Oct-31-1998
<INVESTMENTS-AT-COST> "92,071,999"
<INVESTMENTS-AT-VALUE> "92,071,999"
<RECEIVABLES> "274,146"
<ASSETS-OTHER> "17,443,368"
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "109,789,513"
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "400,892"
<TOTAL-LIABILITIES> "400,892"
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> "106,351,211"
<SHARES-COMMON-PRIOR> "117,424,493"
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> "109,388,621"
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> "3,174,030"
<OTHER-INCOME> 0
<EXPENSES-NET> "423,259"
<NET-INVESTMENT-INCOME> "2,750,771"
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> "2,750,771"
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(2,726,134)"
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "125,082,464"
<NUMBER-OF-SHARES-REDEEMED> "(136,769,327)"
<SHARES-REINVESTED> "613,581"
<NET-CHANGE-IN-ASSETS> "(8,035,872)"
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "292,000"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "426,000"
<AVERAGE-NET-ASSETS> "114,809,298"
<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> 0.72
<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> 873929
<NAME> Riggs funds
<SERIES>
<NUMBER> 052
<NAME> Riggs Small Company Stock
<S> <C>
<PERIOD-TYPE> 6 months
<FISCAL-YEAR-END> Apr-30-1998
<PERIOD-END> Oct-31-1998
<INVESTMENTS-AT-COST> "39,926,712"
<INVESTMENTS-AT-VALUE> "38,688,385"
<RECEIVABLES> "2,863"
<ASSETS-OTHER> "25,030"
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "38,716,278"
<PAYABLE-FOR-SECURITIES> "5,285"
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "8,942"
<TOTAL-LIABILITIES> "14,227"
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "38,517,219"
<SHARES-COMMON-STOCK> "9,790"
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(18,197)"
<ACCUMULATED-NET-GAINS> "1,441,356"
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "(1,238,327)"
<NET-ASSETS> "38,702,051"
<DIVIDEND-INCOME> "184,598"
<INTEREST-INCOME> "71,869"
<OTHER-INCOME> 0
<EXPENSES-NET> "274,664"
<NET-INVESTMENT-INCOME> "(18,197)"
<REALIZED-GAINS-CURRENT> "(3,825,392)"
<APPREC-INCREASE-CURRENT> "(12,894,717)"
<NET-CHANGE-FROM-OPS> "(16,738,306)"
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "9,790"
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> "(19,521,283)"
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> "5,266,747"
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "179,000"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "279,000"
<AVERAGE-NET-ASSETS> "64,286"
<PER-SHARE-NAV-BEGIN> 17.250
<PER-SHARE-NII> (0.010)
<PER-SHARE-GAIN-APPREC> 4.280
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.960
<EXPENSE-RATIO> 1.99
<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> 873929
<NAME> Riggs funds
<SERIES>
<NUMBER> 051
<NAME> Riggs Small Company Stock
<S> <C>
<PERIOD-TYPE> 6 months
<FISCAL-YEAR-END> Apr-30-1998
<PERIOD-END> Oct-31-1998
<INVESTMENTS-AT-COST> "39,926,712"
<INVESTMENTS-AT-VALUE> "38,688,385"
<RECEIVABLES> "2,863"
<ASSETS-OTHER> "25,030"
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> "38,716,278"
<PAYABLE-FOR-SECURITIES> "5,285"
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "8,942"
<TOTAL-LIABILITIES> "14,227"
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "38,517,219"
<SHARES-COMMON-STOCK> "2,972,068"
<SHARES-COMMON-PRIOR> "3,096,418"
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> "(18,197)"
<ACCUMULATED-NET-GAINS> "1,441,356"
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "(1,238,327)"
<NET-ASSETS> "38,702,051"
<DIVIDEND-INCOME> "184,598"
<INTEREST-INCOME> "71,869"
<OTHER-INCOME> 0
<EXPENSES-NET> "274,664"
<NET-INVESTMENT-INCOME> "(18,197)"
<REALIZED-GAINS-CURRENT> "(3,825,392)"
<APPREC-INCREASE-CURRENT> "(12,894,717)"
<NET-CHANGE-FROM-OPS> "(16,738,306)"
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "827,876"
<NUMBER-OF-SHARES-REDEEMED> "(952,226)"
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> "(19,521,283)"
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> "5,266,747"
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "179,000"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "279,000"
<AVERAGE-NET-ASSETS> "44,419,800"
<PER-SHARE-NAV-BEGIN> 18.800
<PER-SHARE-NII> (0.010)
<PER-SHARE-GAIN-APPREC> (5.810)
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.980
<EXPENSE-RATIO> 1.53
<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> 873929
<NAME> Riggs funds
<SERIES>
<NUMBER> 041
<NAME> Riggs Stock Fund
<S> <C>
<PERIOD-TYPE> 6 months
<FISCAL-YEAR-END> Apr-30-1998
<PERIOD-END> Oct-31-1998
<INVESTMENTS-AT-COST> "80,797,340"
<INVESTMENTS-AT-VALUE> "96,841,928"
<RECEIVABLES> "91,237"
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> "3,573"
<TOTAL-ASSETS> "96,936,738"
<PAYABLE-FOR-SECURITIES> 109
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> "3,403"
<TOTAL-LIABILITIES> "3,512"
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> "70,777,431"
<SHARES-COMMON-STOCK> "6,503,728"
<SHARES-COMMON-PRIOR> "7,069,524"
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (137)
<ACCUMULATED-NET-GAINS> "10,084,361"
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> "16,044,588"
<NET-ASSETS> "96,906,244"
<DIVIDEND-INCOME> "683,326"
<INTEREST-INCOME> "81,190"
<OTHER-INCOME> 0
<EXPENSES-NET> "551,492"
<NET-INVESTMENT-INCOME> "213,024"
<REALIZED-GAINS-CURRENT> "113,991"
<APPREC-INCREASE-CURRENT> "(11,552,346)"
<NET-CHANGE-FROM-OPS> "(11,225,331)"
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> "(292,776)"
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> "849,446"
<NUMBER-OF-SHARES-REDEEMED> "(1,422,583)"
<SHARES-REINVESTED> "7,341"
<NET-CHANGE-IN-ASSETS> "(11,225,331)"
<ACCUMULATED-NII-PRIOR> "79,672"
<ACCUMULATED-GAINS-PRIOR> "9,970,370"
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> "389,000"
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> "563,000"
<AVERAGE-NET-ASSETS> "102,860,623"
<PER-SHARE-NAV-BEGIN> 16.570
<PER-SHARE-NII> 0.030
<PER-SHARE-GAIN-APPREC> (1.670)
<PER-SHARE-DIVIDEND> (0.040)
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.890
<EXPENSE-RATIO> 1.35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
[DESCRIPTION]
Exhibit 77(C)
A Special Meeting of Shareholders of RIMCO Monument Bond Fund (the "Bond
Fund") (since renamed Riggs U.S. Government Securities Fund), RIMCO
Monument Stock Fund (the "Stock Fund") (since renamed Riggs Stock Fund),
and RIMCO Monument Small Capitalization Equity Fund (the "Small
Capitalization Equity Fund") (since renamed Riggs Small Company Stock
Fund) was held on June 19, 1998. On April 20, 1998, the record date for
shareholders voting at the meeting, there were 3,496,359 total
outstanding shares of the Bond Fund; 7,031,764 total outstanding shares
of the Stock Fund; and 2,990,514 total outstanding shares of the Small
Capitalization Equity Fund. The following item was considered by
shareholders and the results of their voting were as follows:
To approve or disapprove a Distribution Plan pursuant to Rule 12b-1 of
the Investment Company Act of 1940, as amended, on behalf of each of the
Bond Fund, Stock Fund, and Small Capitalization Equity Fund.
For Against
Abstain
Bond Fund 2,816,055 5,719 7,937
Stock Fund 4,500,652 130,884 11,949
Small Capitalization 2,543,423 26,224 20,349
Equity Fund
Exhibit 77Q(i)
RIMCO Monument Funds
Amendment #4
to the By-Laws
(effective May 12, 1998)
Strike Section 3 - Place of Meeting of Article IV - Shareholders'
Meetings and replace it with the following:
Section 3. Place of Meeting. Meetings of the shareholders
of the Trust or a particular Series or Class shall be held
at such place within or without The Commonwealth of
Massachusetts as may be fixed from time to time by
resolution of the Trustees.
Strike Section 6 - Place of Meeting of Article V - Trustees'
Meetings and replace it with the following:
Section 6. Place of Meeting. Meetings of the Trustees
shall be held at such place within or without The
Commonwealth of Massachusetts as fixed from time to time by
resolution of the Trustees, or as the person or persons
requesting said meeting to be called may designate, but any
meeting may adjourn to any other place.
Exhibit 77Q(ii)
RIMCO Monument Funds
Amendment No. 6
to the
dated April 1, 1991
Strike Section 1 of Article I from the Declaration of Trust and
substitute in its place the following:
"Section 1. Name.
This Trust shall be known as Riggs Fund Group."
Strike section (b) of Section 2 of Article I from the Declaration of
Trust and substitute in its place the following:
"(b) The "Trust" refers to Riggs Fund Group."
Strike the first paragraph of Section 5 of Article III from the
Declaration of Trust and substitute in its place the following:
Section 5. Establishment and Designation of Series or Class.
Without limiting the authority of the Trustees set forth in
Article XII, Section 8, inter alia, to establish and designate any
additional Series or Class, or to modify the rights and
preferences of any existing Series or Class the Series and Classes
of the Trust are established and designated as:
Riggs U.S. Government Securities Fund
Class R Shares
Riggs Prime Money Market Fund
Class R Shares
Class Y Shares
Riggs Small Company Stock Fund
Class B Shares
Class R Shares
Riggs Stock Fund
Class B Shares
Class R Shares
Riggs U.S. Treasury Money Market Fund
Class R Shares
Class Y Shares
Strike Section 9 of Article XII from the Declaration of Trust and
substitute in its place the following:
Section 9. Use of Name.
The Trust acknowledges that Riggs Investment Management Co.
has reserved the right to grant the non-exclusive use of the name
"Riggs Fund Group" or any derivative thereof to any other
investment company, investment company portfolio, investment
adviser, distributor, or any other business enterprise, and to
withdraw from the Trust or one or more Series or Classes any right
to the use of the name "Riggs Fund Group."
The undersigned hereby certify that the above-stated amendment is a
true and correct Amendment to the Declaration of Trust, as adopted by
the Board of Trustees on the 13th day of May, 1998.
WITNESS the due execution hereof this 13th day of May, 1998.
/s/ John F. Donahue /s/ Edward L. Flaherty
John F. Donahue Edward L. Flaherty
/s/ Thomas G. Bigley /s/ Edward C. Gonzales
Thomas G. Bigley Edward C. Gonzales
/s/ John T. Conroy, Jr. /s/ Peter E. Madden
John T. Conroy, Jr. Peter E. Madden
/s/ Nicholas P. Constantakis /s/ John E. Murray, Jr.
Nicholas P. Constantakis John E. Murray, Jr.
/s/ William J. Copeland /s/ Wesley W. Posvar
William J. Copeland Wesley W. Posvar
/s/ James E. Dowd /s/ Marjorie P. Smuts
James E. Dowd Marjorie P. Smuts
/s/ Lawrence D. Ellis, M.D.
Lawrence D. Ellis, M.D.
Exhibit 77Q(iii)
Riggs Fund Group
Amendment No. 7
to the
dated April 1, 1991
Effective June 30, 1998:
Strike Section 1 of Article I from the Declaration of Trust and
substitute in its place the following:
"Section 1. Name.
This Trust shall be known as Riggs Funds."
Strike section (b) of Section 2 of Article I from the Declaration of
Trust and substitute in its place the following:
"(b) The "Trust" refers to Riggs Funds."
Strike Section 9 of Article XII from the Declaration of Trust and
substitute in its place the following:
"Section 9. Use of Name.
The Trust acknowledges that Riggs Investment Management Co.
has reserved the right to grant the non-exclusive use of the name
"Riggs Funds" or any derivative thereof to any other investment
company, investment company portfolio, investment adviser,
distributor, or any other business enterprise, and to withdraw
from the Trust or one or more Series or Classes any right to the
use of the name "Riggs Funds."
The undersigned President and Secretary hereby certify that the
above-stated amendment is a true and correct Amendment to the
Declaration of Trust, as adopted by the Board of Trustees on the 13th
day of May, 1998.
WITNESS the due execution hereof this 22ndday of June, 1998.
/s/ Edward C. Gonzales /s/ John W. McGonigle
Edward C. Gonzales John W. McGonigle
President Secretary
