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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
FORM N-SAR
FOR PERIOD ENDED OCTOBER 31, 1996
PART I - REGISTRANT INFORMATION: Aon Funds
123 N. Wacker Drive
Chicago, Illinois 60606
Investment Company Act File Number: 811-6422
Securities Act File Number: 33-43133
PART II - RULES 12b-25(b) AND (c)
If the Form N-SAR could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
(a) The reasons described in reasonable
detail in part III of this form could not be
eliminated without unreasonable effort or expense.
[x] (b) The Form N-SAR will be filed on or before fifteenth
calendar day following the prescribed due date.
(c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reason why Form N-SAR could not be
filed within the prescribed time period.
Due to the addition of four new Funds, the reorganization of the
Funds as multiclass Funds, and the change of the Administrator of
the Funds, the audited financial statements were delayed. The
above circumstances necessitate the late filing of Form N-SAR.
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PART IV - OTHER INFORMATION
1. Name and telephone number of person to contact in regard to this
notification
Brian Lawrence (312) 701-3748
______________________ _______________ ________________
(Name) (Area Code) (Telephone No.)
2. Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period
that the registrant was required to file such report(s) been filed? If
answer is no, identify report(s).
[x] Yes [ ] No
3. Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected
by the earnings statements to be included in the subject report or
portion thereof?
[x] Yes [ ] No
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
Four funds were created on September 3, 1996: the Government
Securities Fund, the International Equity Fund, the S & P 500 Index
Fund and the REIT Index Fund. For the period of September 3, 1996
to October 31, 1996, the Government Securities Fund, the
International Equity Fund, the S & P 500 Index Fund and the REIT
Index Fund reported net investment income of $206,779, $48,954,
$38,900, and $135,725 respectively.
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Aon Funds has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
By (Signature and Title) /s/ Michael A. Conway
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Michael A. Conway, President
Date: December 30, 1996
