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<PAGE> PAGE 11
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<PAGE> PAGE 13
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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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070 H020400 N
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070 I020400 N
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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
050 000500 N
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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SIGNATURE MARK A. POUGNET
TITLE TREASURER
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<NAME> CASH RESERVE
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<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 15,549,512
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 31,714
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 88,409
<AVERAGE-NET-ASSETS> 16,419,457
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.042
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.042
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.43
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> TOTAL RETURN EQUITY
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 115,085,573
<INVESTMENTS-AT-VALUE> 132,293,361
<RECEIVABLES> 1,235,716
<ASSETS-OTHER> 83
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 133,529,160
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 166,157
<TOTAL-LIABILITIES> 166,157
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 113,378,584
<SHARES-COMMON-STOCK> 10,913,431
<SHARES-COMMON-PRIOR> 8,056,259
<ACCUMULATED-NII-CURRENT> 49,055
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,727,576
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,207,788
<NET-ASSETS> 133,363,003
<DIVIDEND-INCOME> 1,953,693
<INTEREST-INCOME> 781,216
<OTHER-INCOME> 0
<EXPENSES-NET> 618,986
<NET-INVESTMENT-INCOME> 2,115,923
<REALIZED-GAINS-CURRENT> 3,359,339
<APPREC-INCREASE-CURRENT> 18,052,964
<NET-CHANGE-FROM-OPS> 23,528,226
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,085,612
<DISTRIBUTIONS-OF-GAINS> 4,546,072
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,842,239
<NUMBER-OF-SHARES-REDEEMED> 585,760
<SHARES-REINVESTED> 600,693
<NET-CHANGE-IN-ASSETS> 31,621,647
<ACCUMULATED-NII-PRIOR> 18,744
<ACCUMULATED-GAINS-PRIOR> 3,914,309
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 686,850
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,170,340
<AVERAGE-NET-ASSETS> 105,673,497
<PER-SHARE-NAV-BEGIN> (I) 10.53 (III) 10.51
<PER-SHARE-NII> (I) 0.23 (III) 0.06
<PER-SHARE-GAIN-APPREC> (I) 2.21 (III) 2.24
<PER-SHARE-DIVIDEND> (I) 0.23 (III) 0.06
<PER-SHARE-DISTRIBUTIONS> (I) 0.52 (III) 0.52
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> (I) 12.22 (III) 12.23
<EXPENSE-RATIO> (I) 0.47 (III) 1.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> TOTAL RETURN FIXED INCOME
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 89,917,522
<INVESTMENTS-AT-VALUE> 91,228,912
<RECEIVABLES> 1,333,146
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 92,562,058
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 72,147
<TOTAL-LIABILITIES> 72,147
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 92,593,422
<SHARES-COMMON-STOCK> 9,333,788
<SHARES-COMMON-PRIOR> 8,141,408
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,311,390
<NET-ASSETS> 92,489,911
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,217,917
<OTHER-INCOME> 0
<EXPENSES-NET> 302,443
<NET-INVESTMENT-INCOME> 4,915,474
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 5,585,727
<NET-CHANGE-FROM-OPS> 9,534,574
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,922,559
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,212,558
<NUMBER-OF-SHARES-REDEEMED> 535,631
<SHARES-REINVESTED> 515,453
<NET-CHANGE-IN-ASSETS> 11,269,371
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 885
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 447,309
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 771,292
<AVERAGE-NET-ASSETS> 81,333,767
<PER-SHARE-NAV-BEGIN> (I) 9.41 (III) 9.40
<PER-SHARE-NII> (I) 0.57 (III) 0.43
<PER-SHARE-GAIN-APPREC> (I) 0.50 (III) 0.49
<PER-SHARE-DIVIDEND> (I) 0.57 (III) 0.43
<PER-SHARE-DISTRIBUTIONS> (I) 0.57 (III) 0.43
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> (I) 9.91 (III) 9.89
<EXPENSE-RATIO> (I) 0.35 (III) 1.84
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> U.S. GOVERNMENT MONEY MARKET
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 88,303,918
<INVESTMENTS-AT-VALUE> 88,303,918
<RECEIVABLES> 211,365
<ASSETS-OTHER> 17,305
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 88,532,588
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 475,411
<TOTAL-LIABILITIES> 475,411
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 88,057,064
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 113
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 88,057,177
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,608,860
<OTHER-INCOME> 0
<EXPENSES-NET> 253,709
<NET-INVESTMENT-INCOME> 4,355,151
<REALIZED-GAINS-CURRENT> 375
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 4,355,526
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,355,151
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 128,356,448
<NUMBER-OF-SHARES-REDEEMED> 108,155,888
<SHARES-REINVESTED> 1,952
<NET-CHANGE-IN-ASSETS> 20,202,887
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 206,630
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 476,869
<AVERAGE-NET-ASSETS> 82,652,145
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.053
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.053
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.31
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> MUNICIPAL MONEY MARKET
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 93,935,966
<INVESTMENTS-AT-VALUE> 93,935,966
<RECEIVABLES> 471,757
<ASSETS-OTHER> 20,967
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 94,428,690
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 350,403
<TOTAL-LIABILITIES> 350,403
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 94,081,300
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,013
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 94,078,287
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,049,763
<OTHER-INCOME> 0
<EXPENSES-NET> 240,776
<NET-INVESTMENT-INCOME> 2,808,987
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,808,987
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,808,987
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 159,708,408
<NUMBER-OF-SHARES-REDEEMED> 141,861,897
<SHARES-REINVESTED> 1,211
<NET-CHANGE-IN-ASSETS> 17,847,722
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 203,876
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 460,963
<AVERAGE-NET-ASSETS> 81,550,771
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.034
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.034
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> U.S. TREASURY MONEY MARKET
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 67,532,309
<INVESTMENTS-AT-VALUE> 67,532,309
<RECEIVABLES> 164,289
<ASSETS-OTHER> 14,593
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 67,711,191
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 334,514
<TOTAL-LIABILITIES> 334,514
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 67,374,517
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,160
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 67,376,677
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,741,590
<OTHER-INCOME> 0
<EXPENSES-NET> 185,290
<NET-INVESTMENT-INCOME> 2,566,300
<REALIZED-GAINS-CURRENT> 1,775
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,558,075
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,556,300
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 375,237,481
<NUMBER-OF-SHARES-REDEEMED> 408,732,664
<SHARES-REINVESTED> 1,790
<NET-CHANGE-IN-ASSETS> 33,491,618
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 127,764
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 323,725
<AVERAGE-NET-ASSETS> 51,105,406
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0.050
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.36
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
