FRONTIER FUNDS INC
NSAR-B, 1998-11-24
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<PAGE>      PAGE  1
000 B000000 09/30/98
000 C000000 0000880571
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 FRONTIER FUNDS INC.
001 B000000 811-6449
001 C000000 4146911196
002 A000000 101 W WISCONSIN AVE
002 B000000 PEWAUKEE
002 C000000 WI
002 D010000 53072
002 D020000 3433
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  1
007 C010100  1
007 C020100 EQUITY FUND
007 C030100 N
007 C010200  2
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 FREEDOM INVESTORS CORP.
008 B00AA01 A
008 C00AA01 801-39223
008 D01AA01 PEWAUKEE
008 D02AA01 WI
008 D03AA01 53072
010 A00AA01 AMERICAN DATA SERVICES, INC.
010 C01AA01 HAUPPAUGE
010 C02AA01 NY
010 C03AA01 11788
011 A00AA01 FREEDOM INVESTORS CORP.
011 B00AA01 8-40671
011 C01AA01 PEWAUKEE
011 C02AA01 WI
011 C03AA01 53072
012 A00AA01 AMERICAN DATA SERVICES, INC.
<PAGE>      PAGE  2
012 B00AA01 84-1964
012 C01AA01 HAUPPAUGE
012 C02AA01 NY
012 C03AA01 11788
013 A00AA01 AMERICAN DATA SERVICES, INC.
013 B01AA01 HAUPPAUGE
013 B02AA01 NY
013 B03AA01 11788
014 A00AA01 FREEDOM INVESTORS, INC.
014 B00AA01 8-40671
015 A00AA01 STAR BANK, N.A.
015 B00AA01 C
015 C01AA01 CINCINNATI
015 C02AA01 OH
015 C03AA01 45202
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
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020 A000001 ROBB, PECK & MCOOEY
020 C000001      1
020 A000002 COLTRANE
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020 A000003 PAINE WEBBER
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020 C000006      0
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020 C000008      0
020 C000009      0
020 C000010      0
021  000000        3
022 A000001 ROBB, PECK & MCOOEY
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022 D000001        33
022 A000002 DIRK & COMPANY
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022 D000004         0
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<PAGE>      PAGE  3
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053 A00AA00 Y
053 B00AA00 N
053 C00AA00 N
<PAGE>      PAGE  4
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 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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028 F040100         0
028 G010100        49
028 G020100         0
028 G030100         0
<PAGE>      PAGE  5
028 G040100        52
028 H000100        49
029  000100 Y
030 A000100      4
030 B000100  8.00
030 C000100  0.00
031 A000100      4
031 B000100      0
032  000100      0
033  000100      0
034  000100 N
035  000100      0
036 B000100      0
037  000100 N
038  000100      0
039  000100 N
040  000100 N
041  000100 N
062 A000100 N
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
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062 K000100   0.0
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062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 Y
066 E000100 N
066 F000100 N
066 G000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
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071 C000100       525
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<PAGE>      PAGE  6
072 A000100 12
072 B000100        0
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<PAGE>      PAGE  7
074 O000100        0
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074 S000100        0
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074 U010100      162
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074 W000100   0.0000
074 X000100      113
074 Y000100        0
075 A000100        0
075 B000100      517
076  000100     0.00
080 A000100 RELIANCE INSURANCE CO.
080 C000100      175
081 A000100 N
081 B000100   0
082 A000100 N
082 B000100        0
083 A000100 N
083 B000100        0
084 A000100 N
084 B000100        0
085 A000100 N
085 B000100 N
SIGNATURE   JAMES COLANTINO                              
TITLE       SENIOR ADMINISTRATOR
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000880571
<NAME> FRONTIER FUNDS, INC.
<SERIES>
   <NUMBER> 1
   <NAME> EQUITY PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                           757492
<INVESTMENTS-AT-VALUE>                          273088
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                     300
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  273388
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                              17545
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1118156
<SHARES-COMMON-STOCK>                           161996
<SHARES-COMMON-PRIOR>                           200001
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (377909)
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                    255843
<DIVIDEND-INCOME>                                    0
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<NET-INVESTMENT-INCOME>                       (101860)
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<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
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<NET-CHANGE-IN-ASSETS>                        (600250)
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<PER-SHARE-NII>                                  (.58)
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</TABLE>








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Board of Directors
Equity Fund Portfolio (a series of Frontier Funds, Inc.)           


In planning and performing our audit of the financial statements of Equity
Fund Portfolio (a series of Frontier Funds, Inc.) for the year ended 
September 30, 1998, we considered its internal control structure, 
including procedures for safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our opinion on the 
financial statements and to comply with the requirements of Form N-SAR, 
not to provide assurance on the internal control structure.

The management of Equity Fund Portfolio (a series of Frontier Funds, Inc.)
is responsible for establishing and maintaining an internal control 
structure.  In fulfilling this responsibility, estimates and judgments
by management are required to assess the expected benefits and related costs 
of internal control structure policies and procedures.  Two of the 
objectives of an internal control structure are to provide management
with reasonable, but not absolute, assurance that assets are safeguarded
against loss from unauthorized use or disposition and transactions are
executed in accordance with management's authorization and recorded properly
to permit preparation of financial statements in conformity with generally
accepted accounting principles.

Because of inherent limitations in any internal control structure, errors or
irregularities may occur and may not be detected.  Also, projection of any
evaluation of the structure to future periods is subject to the risk that 
it may become inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.

Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be 
material weaknesses under standards established by the American Institute 
of Certified Public Accountants.  A material weakness is a condition in 
which the design or operation of the specific internal control structure
elements does not reduce to a relatively low level the risk that errors or
irregularities in amounts that would be material in relation to the 
financial statements being audited may occur and not be detected within a 
timely period by employees in the normal course of performing their
assigned functions.  However, we noted no matters involving the 
internal control structure,including procedures for safeguarding
securities, that we consider to be material weaknesses as defined 
above as of September 30, 1998.









Board of Directors
Equity Fund Portfolio (a series of Frontier Funds, Inc.) 

This report is intended solely for the information and use 
of management and the Securities and Exchange Commission.




McCurdy & Associates CPA's, Inc.
Westlake, Ohio
October 13, 1998



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