<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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SIGNATURE S. ELLIOTT COHAN
TITLE ASST. GEN. COUNSEL
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> 111 Corcoran Funds
111 Corcoran Bond Fund
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> 111 Corcoran Funds
111 Corcoran North Carolina Municipal Securiti
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> May-31-1996
<PERIOD-END> May-31-1996
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> 111 Corcoran Funds
111 Corcoran Equity Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> May-31-1996
<PERIOD-END> May-31-1996
<INVESTMENTS-AT-COST> 25,526,540
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</TABLE>
