<PAGE> PAGE 1
000 A000000 05/31/97
000 C000000 0000879638
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 FMB FUNDS, INC.
001 B000000 811-6420
001 C000000 8004534234
002 A000000 680 EAST SWEDESFORD ROAD
002 B000000 WAYNE
002 C000000 PA
002 D010000 19087
002 D020000 1658
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 FMB MONEY MARKET FUND
007 C030100 N
007 C010200 2
007 C020200 FMB INTERMEDIATE GOVERNMENT FUND
007 C030200 N
007 C010300 3
007 C020300 FMB MICHIGAN TAX FREE BOND FUND
007 C030300 N
007 C010400 4
007 C020400 FMB DIVERSIFIED EQUITY FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 SEI FUND RESOURCES
010 C01AA01 OAKS
010 C02AA01 PA
010 C03AA01 19456
012 A00AA01 BOSTON FINANCIAL DATA SERVICES, INC
012 B00AA01 84-0000
012 C01AA01 NORTH QUINCY
012 C02AA01 MA
012 C03AA01 02171
013 A00AA01 PRICE WATERHOUSE LLP
<PAGE> PAGE 2
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
020 A000001 PERSHING
020 B000001 13-2741729
020 C000001 12
020 A000002 NORTHERN TRUST CO./TRUST
020 C000002 7
020 A000003 DONALDSON, LUFKIN & JENRETTE
020 B000003 13-1898818
020 C000003 4
020 A000004 HOENIG & CO.
020 C000004 1
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 26
022 A000001 FIRST UNION NATIONAL BANK
022 C000001 1992253
022 D000001 2250
022 A000002 DONALDSON, LUFKIN & JENRETTE
022 B000002 13-1898818
022 C000002 1782766
022 D000002 298
022 A000003 PERSHING
022 B000003 13-2741729
022 C000003 1013764
022 D000003 2202
022 A000004 HSBC
022 B000004 13-2650272
022 C000004 735712
022 D000004 0
022 A000005 MERRILL LYNCH
022 B000005 13-5674085
022 C000005 214961
022 D000005 4999
022 A000006 NORWEST BANK
022 B000006 41-1508325
022 C000006 196337
022 D000006 0
022 A000007 DEERE & CO.
022 C000007 71706
022 D000007 100
022 A000008 FIRST TENNESSEE BANK, N.A.
022 C000008 47500
022 D000008 0
022 A000009 COMMERCIAL CREDIT CORP
022 B000009 52-0883351
<PAGE> PAGE 3
022 C000009 39308
022 D000009 0
022 A000010 PRUDENTIAL FUNDING CORP
022 B000010 22-2231168
022 C000010 24705
022 D000010 7998
023 C000000 6411901
023 D000000 53387
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
077 A000000 N
078 000000 N
024 000100 Y
025 A000101 MERRILL LYNCH
025 B000101 13-5674085
025 C000101 D
025 D000101 7964
025 A000102 PRUDENTIAL FUNDING CORP
025 B000102 22-2231168
025 C000102 D
025 D000102 8194
028 A010100 24625
028 A020100 71
028 A030100 0
028 A040100 40298
028 B010100 51109
028 B020100 74
028 B030100 0
028 B040100 38725
028 C010100 18156
028 C020100 69
028 C030100 0
028 C040100 29258
028 D010100 29502
028 D020100 61
028 D030100 0
028 D040100 13999
028 E010100 26731
028 E020100 63
028 E030100 0
028 E040100 35369
028 F010100 33120
028 F020100 63
<PAGE> PAGE 4
028 F030100 0
028 F040100 22385
028 G010100 183243
028 G020100 401
028 G030100 0
028 G040100 180034
028 H000100 0
029 000100 N
030 A000100 0
030 B000100 0.00
030 C000100 0.00
034 000100 N
035 000100 0
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 100
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 22
044 000100 0
055 A000100 N
055 B000100 N
056 000100 N
057 000100 N
062 A000100 Y
062 B000100 4.5
062 C000100 11.9
062 D000100 9.2
062 E000100 0.0
062 F000100 4.3
062 G000100 0.0
062 H000100 0.0
062 I000100 66.8
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
<PAGE> PAGE 5
063 A000100 37
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
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 4499
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 288
072 G000100 164
072 H000100 0
072 I000100 29
072 J000100 8
072 K000100 0
072 L000100 15
072 M000100 2
072 N000100 17
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 13
072 S000100 13
072 T000100 22
072 U000100 0
072 V000100 0
072 W000100 10
072 X000100 581
072 Y000100 0
072 Z000100 3918
072AA000100 1
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 3504
072DD020100 415
072EE000100 0
073 A010100 0.0239
073 A020100 0.0227
073 B000100 0.0000
073 C000100 0.0000
074 A000100 1
<PAGE> PAGE 6
074 B000100 16247
074 C000100 154013
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 6703
074 M000100 60
074 N000100 177024
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 877
074 S000100 0
074 T000100 176147
074 U010100 160552
074 U020100 15593
074 V010100 1.00
074 V020100 1.00
074 W000100 0.9999
074 X000100 1380
074 Y000100 0
075 A000100 165050
075 B000100 0
076 000100 0.00
024 000200 N
028 A010200 1879
028 A020200 19
028 A030200 0
028 A040200 2552
028 B010200 2246
028 B020200 20
028 B030200 0
028 B040200 2770
028 C010200 1969
028 C020200 20
028 C030200 0
028 C040200 840
028 D010200 2044
028 D020200 18
028 D030200 0
028 D040200 1376
028 E010200 650
028 E020200 18
<PAGE> PAGE 7
028 E030200 0
028 E040200 1769
028 F010200 3078
028 F020200 18
028 F030200 0
028 F040200 1575
028 G010200 11866
028 G020200 113
028 G030200 0
028 G040200 10882
028 H000200 46
029 000200 Y
030 A000200 2
030 B000200 4.75
030 C000200 4.75
031 A000200 0
031 B000200 0
032 000200 2
033 000200 0
034 000200 N
035 000200 0
036 B000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 Y
041 000200 Y
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 100
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 6
044 000200 0
055 A000200 N
055 B000200 N
056 000200 N
057 000200 N
062 A000200 Y
062 B000200 11.7
062 C000200 0.0
062 D000200 2.1
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
<PAGE> PAGE 8
062 K000200 0.0
062 L000200 0.0
062 M000200 29.6
062 N000200 56.1
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 4.1
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
071 A000200 18931
071 B000200 16954
071 C000200 101562
071 D000200 17
072 A000200 6
072 B000200 3764
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 250
072 G000200 111
072 H000200 0
072 I000200 24
072 J000200 5
072 K000200 0
072 L000200 9
072 M000200 2
072 N000200 10
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 10
072 S000200 10
072 T000200 8
072 U000200 0
072 V000200 0
072 W000200 7
072 X000200 446
072 Y000200 2
072 Z000200 3320
072AA000200 64
072BB000200 0
072CC010200 0
072CC020200 1479
<PAGE> PAGE 9
072DD010200 3109
072DD020200 138
072EE000200 0
073 A010200 0.2923
073 A020200 0.2793
073 B000200 0.0000
073 C000200 0.0000
074 A000200 63
074 B000200 2396
074 C000200 13589
074 D000200 96487
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 2
074 K000200 0
074 L000200 1447
074 M000200 44
074 N000200 114028
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 996
074 S000200 0
074 T000200 113032
074 U010200 10831
074 U020200 461
074 V010200 10.01
074 V020200 10.01
074 W000200 0.0000
074 X000200 327
074 Y000200 0
075 A000200 0
075 B000200 111393
076 000200 0.00
024 000300 N
028 A010300 944
028 A020300 25
028 A030300 0
028 A040300 198
028 B010300 540
028 B020300 26
028 B030300 0
028 B040300 442
028 C010300 647
028 C020300 26
<PAGE> PAGE 10
028 C030300 0
028 C040300 224
028 D010300 485
028 D020300 24
028 D030300 0
028 D040300 340
028 E010300 229
028 E020300 27
028 E030300 0
028 E040300 554
028 F010300 918
028 F020300 24
028 F030300 0
028 F040300 351
028 G010300 3763
028 G020300 152
028 G030300 0
028 G040300 2109
028 H000300 397
029 000300 Y
030 A000300 16
030 B000300 4.75
030 C000300 4.75
031 A000300 2
031 B000300 0
032 000300 14
033 000300 0
034 000300 N
035 000300 0
036 B000300 0
037 000300 N
038 000300 0
039 000300 N
040 000300 Y
041 000300 Y
042 A000300 0
042 B000300 0
042 C000300 0
042 D000300 100
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 11
044 000300 0
055 A000300 N
055 B000300 N
056 000300 N
057 000300 N
062 A000300 Y
062 B000300 0.0
<PAGE> PAGE 11
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 96.3
062 P000300 0.0
062 Q000300 0.0
062 R000300 1.8
063 A000300 0
063 B000300 7.2
064 A000300 Y
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
071 A000300 2187
071 B000300 1445
071 C000300 31786
071 D000300 5
072 A000300 6
072 B000300 891
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 90
072 G000300 33
072 H000300 0
072 I000300 19
072 J000300 6
072 K000300 0
072 L000300 4
072 M000300 0
072 N000300 3
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 3
072 S000300 3
072 T000300 16
072 U000300 0
072 V000300 0
<PAGE> PAGE 12
072 W000300 4
072 X000300 181
072 Y000300 59
072 Z000300 769
072AA000300 7
072BB000300 0
072CC010300 0
072CC020300 264
072DD010300 564
072DD020300 207
072EE000300 0
073 A010300 0.2541
073 A020300 0.2411
073 B000300 0.0000
073 C000300 0.0000
074 A000300 4
074 B000300 0
074 C000300 616
074 D000300 32434
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 921
074 M000300 11
074 N000300 33986
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 307
074 S000300 0
074 T000300 33679
074 U010300 2289
074 U020300 858
074 V010300 10.70
074 V020300 10.70
074 W000300 0.0000
074 X000300 349
074 Y000300 0
075 A000300 0
075 B000300 32826
076 000300 0.00
024 000400 N
028 A010400 3188
028 A020400 311
<PAGE> PAGE 13
028 A030400 0
028 A040400 1897
028 B010400 895
028 B020400 2
028 B030400 0
028 B040400 1395
028 C010400 1398
028 C020400 0
028 C030400 0
028 C040400 708
028 D010400 1127
028 D020400 9
028 D030400 0
028 D040400 1029
028 E010400 970
028 E020400 0
028 E030400 0
028 E040400 802
028 F010400 725
028 F020400 0
028 F030400 0
028 F040400 1435
028 G010400 8303
028 G020400 322
028 G030400 0
028 G040400 7263
028 H000400 250
029 000400 Y
030 A000400 13
030 B000400 5.75
030 C000400 5.75
031 A000400 2
031 B000400 0
032 000400 11
033 000400 0
034 000400 N
035 000400 0
036 B000400 0
037 000400 N
038 000400 0
039 000400 N
040 000400 Y
041 000400 Y
042 A000400 0
042 B000400 0
042 C000400 0
042 D000400 100
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
<PAGE> PAGE 14
043 000400 9
044 000400 0
055 A000400 N
055 B000400 N
056 000400 N
057 000400 N
062 A000400 N
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 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
066 A000400 Y
066 B000400 N
066 C000400 Y
066 D000400 N
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
071 A000400 4464
071 B000400 6116
071 C000400 62049
071 D000400 7
072 A000400 6
072 B000400 189
072 C000400 516
072 D000400 0
072 E000400 0
072 F000400 343
072 G000400 69
072 H000400 0
072 I000400 22
072 J000400 7
072 K000400 0
072 L000400 7
<PAGE> PAGE 15
072 M000400 1
072 N000400 6
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 6
072 S000400 5
072 T000400 13
072 U000400 0
072 V000400 0
072 W000400 7
072 X000400 486
072 Y000400 4
072 Z000400 223
072AA000400 2349
072BB000400 0
072CC010400 4602
072CC020400 0
072DD010400 202
072DD020400 15
072EE000400 2905
073 A010400 0.0567
073 A020400 0.0360
073 B000400 0.7557
073 C000400 0.0000
074 A000400 0
074 B000400 7165
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 67299
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 155
074 M000400 23
074 N000400 74642
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 226
074 S000400 0
074 T000400 74416
074 U010400 3540
074 U020400 437
074 V010400 18.71
<PAGE> PAGE 16
074 V020400 18.70
074 W000400 0.0000
074 X000400 990
074 Y000400 0
075 A000400 0
075 B000400 68843
076 000400 0.00
SIGNATURE STEVE MEYER
TITLE CONTROLLER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000879638
<NAME> FMB FUNDS, INC.
<SERIES>
<NUMBER> 011
<NAME> MONEY MARKET FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 170260
<INVESTMENTS-AT-VALUE> 170260
<RECEIVABLES> 6703
<ASSETS-OTHER> 61
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 177024
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 877
<TOTAL-LIABILITIES> 877
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 160552
<SHARES-COMMON-STOCK> 160552
<SHARES-COMMON-PRIOR> 152548
<ACCUMULATED-NII-CURRENT> 89
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (87)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 176147
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4499
<OTHER-INCOME> 0
<EXPENSES-NET> (581)
<NET-INVESTMENT-INCOME> 3918
<REALIZED-GAINS-CURRENT> 1
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3919
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3504)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 166449
<NUMBER-OF-SHARES-REDEEMED> (158445)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3610
<ACCUMULATED-NII-PRIOR> 90
<ACCUMULATED-GAINS-PRIOR> (88)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 288
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 581
<AVERAGE-NET-ASSETS> 165050
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .68
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000879638
<NAME> FMB FUNDS, INC.
<SERIES>
<NUMBER> 012
<NAME> MONEY MARKET FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 170260
<INVESTMENTS-AT-VALUE> 170260
<RECEIVABLES> 6703
<ASSETS-OTHER> 61
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 177024
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 877
<TOTAL-LIABILITIES> 877
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15593
<SHARES-COMMON-STOCK> 15593
<SHARES-COMMON-PRIOR> 19987
<ACCUMULATED-NII-CURRENT> 89
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (87)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 176147
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4499
<OTHER-INCOME> 0
<EXPENSES-NET> (581)
<NET-INVESTMENT-INCOME> 3918
<REALIZED-GAINS-CURRENT> 1
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3919
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (415)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16794
<NUMBER-OF-SHARES-REDEEMED> (21589)
<SHARES-REINVESTED> 401
<NET-CHANGE-IN-ASSETS> 3610
<ACCUMULATED-NII-PRIOR> 90
<ACCUMULATED-GAINS-PRIOR> (88)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 288
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 581
<AVERAGE-NET-ASSETS> 165050
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000879638
<NAME> FMB FUNDS, INC.
<SERIES>
<NUMBER> 021
<NAME> INTERMEDIATE GOVERNMENT INCOME FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 112563
<INVESTMENTS-AT-VALUE> 112472
<RECEIVABLES> 1449
<ASSETS-OTHER> 107
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 114028
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 996
<TOTAL-LIABILITIES> 996
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 110020
<SHARES-COMMON-STOCK> 10831
<SHARES-COMMON-PRIOR> 10666
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (55)
<ACCUMULATED-NET-GAINS> (1694)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (91)
<NET-ASSETS> 113032
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3764
<OTHER-INCOME> 0
<EXPENSES-NET> 444
<NET-INVESTMENT-INCOME> 3320
<REALIZED-GAINS-CURRENT> 64
<APPREC-INCREASE-CURRENT> (1479)
<NET-CHANGE-FROM-OPS> 1905
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3109)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1179
<NUMBER-OF-SHARES-REDEEMED> (1013)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (245)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1758)
<OVERDISTRIB-NII-PRIOR> (128)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 250
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 446
<AVERAGE-NET-ASSETS> 111393
<PER-SHARE-NAV-BEGIN> 10.13
<PER-SHARE-NII> .30
<PER-SHARE-GAIN-APPREC> (.13)
<PER-SHARE-DIVIDEND> (.29)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.01
<EXPENSE-RATIO> .79
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000879638
<NAME> FMB FUNDS, INC.
<SERIES>
<NUMBER> 022
<NAME> INTERMEDIATE GOVERNMENT INCOME FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 112563
<INVESTMENTS-AT-VALUE> 112472
<RECEIVABLES> 1449
<ASSETS-OTHER> 107
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 114028
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 996
<TOTAL-LIABILITIES> 996
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4852
<SHARES-COMMON-STOCK> 461
<SHARES-COMMON-PRIOR> 516
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (55)
<ACCUMULATED-NET-GAINS> (1694)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (91)
<NET-ASSETS> 113032
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3764
<OTHER-INCOME> 0
<EXPENSES-NET> 444
<NET-INVESTMENT-INCOME> 3320
<REALIZED-GAINS-CURRENT> 64
<APPREC-INCREASE-CURRENT> (1479)
<NET-CHANGE-FROM-OPS> 1905
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (138)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7
<NUMBER-OF-SHARES-REDEEMED> (73)
<SHARES-REINVESTED> 11
<NET-CHANGE-IN-ASSETS> (245)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1758)
<OVERDISTRIB-NII-PRIOR> (128)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 250
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 446
<AVERAGE-NET-ASSETS> 111393
<PER-SHARE-NAV-BEGIN> 10.13
<PER-SHARE-NII> .28
<PER-SHARE-GAIN-APPREC> (.12)
<PER-SHARE-DIVIDEND> (.28)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.01
<EXPENSE-RATIO> 1.04
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000879638
<NAME> FMB FUNDS, INC.
<SERIES>
<NUMBER> 031
<NAME> MICHIGAN TAX FREE BOND FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 32009
<INVESTMENTS-AT-VALUE> 33050
<RECEIVABLES> 921
<ASSETS-OTHER> 15
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33986
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 307
<TOTAL-LIABILITIES> 307
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23849
<SHARES-COMMON-STOCK> 2289
<SHARES-COMMON-PRIOR> 2140
<ACCUMULATED-NII-CURRENT> 1
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (95)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1041
<NET-ASSETS> 33679
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 891
<OTHER-INCOME> 0
<EXPENSES-NET> 122
<NET-INVESTMENT-INCOME> 769
<REALIZED-GAINS-CURRENT> 7
<APPREC-INCREASE-CURRENT> (264)
<NET-CHANGE-FROM-OPS> 512
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (564)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 262
<NUMBER-OF-SHARES-REDEEMED> (113)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1547
<ACCUMULATED-NII-PRIOR> 3
<ACCUMULATED-GAINS-PRIOR> (102)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 90
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 181
<AVERAGE-NET-ASSETS> 32826
<PER-SHARE-NAV-BEGIN> 10.79
<PER-SHARE-NII> .25
<PER-SHARE-GAIN-APPREC> (.09)
<PER-SHARE-DIVIDEND> (.25)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.70
<EXPENSE-RATIO> .68
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000879638
<NAME> FMB FUNDS, INC.
<SERIES>
<NUMBER> 032
<NAME> MICHIGAN TAX FREE BOND FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 32009
<INVESTMENTS-AT-VALUE> 33050
<RECEIVABLES> 921
<ASSETS-OTHER> 15
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33986
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 307
<TOTAL-LIABILITIES> 307
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8883
<SHARES-COMMON-STOCK> 858
<SHARES-COMMON-PRIOR> 839
<ACCUMULATED-NII-CURRENT> 1
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (95)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1041
<NET-ASSETS> 33679
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 891
<OTHER-INCOME> 0
<EXPENSES-NET> 122
<NET-INVESTMENT-INCOME> 769
<REALIZED-GAINS-CURRENT> 7
<APPREC-INCREASE-CURRENT> (264)
<NET-CHANGE-FROM-OPS> 512
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (207)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 90
<NUMBER-OF-SHARES-REDEEMED> (85)
<SHARES-REINVESTED> 14
<NET-CHANGE-IN-ASSETS> 1547
<ACCUMULATED-NII-PRIOR> 3
<ACCUMULATED-GAINS-PRIOR> (102)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 90
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 181
<AVERAGE-NET-ASSETS> 32826
<PER-SHARE-NAV-BEGIN> 10.79
<PER-SHARE-NII> .24
<PER-SHARE-GAIN-APPREC> (.09)
<PER-SHARE-DIVIDEND> (.24)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.70
<EXPENSE-RATIO> .93
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000879638
<NAME> FMB FUNDS, INC.
<SERIES>
<NUMBER> 041
<NAME> DIVERSIFIED EQUITY
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 45645
<INVESTMENTS-AT-VALUE> 74464
<RECEIVABLES> 155
<ASSETS-OTHER> 23
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 74642
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 226
<TOTAL-LIABILITIES> 226
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38239
<SHARES-COMMON-STOCK> 3540
<SHARES-COMMON-PRIOR> 3488
<ACCUMULATED-NII-CURRENT> 70
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2349
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28819
<NET-ASSETS> 74416
<DIVIDEND-INCOME> 516
<INTEREST-INCOME> 189
<OTHER-INCOME> 0
<EXPENSES-NET> 482
<NET-INVESTMENT-INCOME> 223
<REALIZED-GAINS-CURRENT> 2349
<APPREC-INCREASE-CURRENT> 4602
<NET-CHANGE-FROM-OPS> 7174
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (202)
<DISTRIBUTIONS-OF-GAINS> (2599)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 438
<NUMBER-OF-SHARES-REDEEMED> (386)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5414
<ACCUMULATED-NII-PRIOR> 64
<ACCUMULATED-GAINS-PRIOR> 2611
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 343
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 486
<AVERAGE-NET-ASSETS> 68843
<PER-SHARE-NAV-BEGIN> 17.73
<PER-SHARE-NII> .06
<PER-SHARE-GAIN-APPREC> 1.74
<PER-SHARE-DIVIDEND> (.06)
<PER-SHARE-DISTRIBUTIONS> (.76)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.71
<EXPENSE-RATIO> 1.38
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000879638
<NAME> FMB FUNDS, INC.
<SERIES>
<NUMBER> 042
<NAME> DIVERSIFIED EQUITY
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 45645
<INVESTMENTS-AT-VALUE> 74464
<RECEIVABLES> 155
<ASSETS-OTHER> 23
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 74642
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 226
<TOTAL-LIABILITIES> 226
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4939
<SHARES-COMMON-STOCK> 437
<SHARES-COMMON-PRIOR> 403
<ACCUMULATED-NII-CURRENT> 70
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2349
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28819
<NET-ASSETS> 74416
<DIVIDEND-INCOME> 516
<INTEREST-INCOME> 189
<OTHER-INCOME> 0
<EXPENSES-NET> 482
<NET-INVESTMENT-INCOME> 223
<REALIZED-GAINS-CURRENT> 2349
<APPREC-INCREASE-CURRENT> 4602
<NET-CHANGE-FROM-OPS> 7174
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (15)
<DISTRIBUTIONS-OF-GAINS> (306)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 46
<NUMBER-OF-SHARES-REDEEMED> (32)
<SHARES-REINVESTED> 19
<NET-CHANGE-IN-ASSETS> 5414
<ACCUMULATED-NII-PRIOR> 64
<ACCUMULATED-GAINS-PRIOR> 2611
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 343
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 486
<AVERAGE-NET-ASSETS> 68843
<PER-SHARE-NAV-BEGIN> 17.73
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> 1.73
<PER-SHARE-DIVIDEND> (.04)
<PER-SHARE-DISTRIBUTIONS> (.76)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.70
<EXPENSE-RATIO> 1.63
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
