CAPPIELLO RUSHMORE TRUST
NSAR-B, 1995-03-01
Previous: FIRST FUNDS, NSAR-A, 1995-03-01
Next: ALLIANCE MORTGAGE STRATEGY TRUST INC, N-30B-2, 1995-03-01



<PAGE>      PAGE  1
000 A000000 12/31/94
000 C000000 0000885113
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 CAPPIELLO-RUSHMORE TRUST
001 B000000 811-6101
001 C000000 3016571500
002 A000000 4922 FAIRMONT AVENUE
002 B000000 BETHESDA
002 C000000 MD
002 D010000 20814
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 UTILITY INCOME FUND
007 C030100 N
007 C010200  2
007 C020200 GROWTH FUND
007 C030200 N
007 C010300  3
007 C020300 EMERGING GROWTH FUND
007 C030300 N
007 C010400  4
007 C020400 GOLD FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 MCCULLOUGH, ANDREWS & CAPPIELLO, INC.
008 B00AA01 A
008 C00AA01 801-20086
008 D01AA01 SAN FRANCISCO
008 D02AA01 CA
008 D03AA01 94111
010 A00AA01 MONEY MANAGEMENT ASSOCIATES
010 C01AA01 BETHESDA
010 C02AA01 MD
010 C03AA01 20814
013 A00AA01 DELOITTE & TOUCHE
<PAGE>      PAGE  2
013 B01AA01 WASHINGTON
013 B02AA01 DC
013 B03AA01 20036
015 A00AA01 RUSHMORE TRUST & SAVINGS FSB
015 B00AA01 C
015 C01AA01 BETHESDA
015 C02AA01 MD
015 C03AA01 20814
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   13
019 C00AA00 MONEYMANAG
020 A000001 BROADCORT CAPITAL
020 C000001      9
020 A000002 HAMBRECHT AND QUIST
020 B000002 94-2856935
020 C000002      6
020 A000003 TUCKER ANTHONY DAY
020 B000003 04-2566229
020 C000003      5
020 A000004 SHIELDS CAPITAL CORP
020 C000004      5
020 A000005 KIDDER PEABODY
020 B000005 13-5650440
020 C000005      5
020 A000006 VOLPE AND COVINGTON
020 C000006      4
020 A000007 PIPER JAFFRAY
020 C000007      4
020 A000008 KEMPER SECURITIES
020 B000008 34-1542819
020 C000008      4
020 A000009 WERTHEIM AND CO
020 B000009 13-2697272
020 C000009      3
020 A000010 FIRST BOSTON CORP
020 B000010 13-5659485
020 C000010      3
021  000000       83
022 A000001 MERRILL LYNCH
022 B000001 13-2761776
022 C000001    121316
022 D000001    124930
022 A000002 OPPENHEIMER AND CO
022 B000002 13-2798343
022 C000002       820
022 D000002       377
022 A000003 JEFFRIES AND CO
022 B000003 95-2622900
022 C000003       133
<PAGE>      PAGE  3
022 D000003       901
022 A000004 MONTGOMERY SECURITIES
022 B000004 94-1701676
022 C000004       644
022 D000004       379
022 A000005 TUCKER ANTHONY DAY
022 B000005 04-2566229
022 C000005       613
022 D000005       366
022 A000006 CHARLES SCHWAB
022 B000006 94-1737782
022 C000006       201
022 D000006       749
022 A000007 BREAN MURRAY
022 B000007 13-2760052
022 C000007       723
022 D000007         0
022 A000008 SALOMON BROTHERS
022 B000008 13-3082694
022 C000008       494
022 D000008       215
022 A000009 NEEDHAM AND COMPANY
022 C000009       333
022 D000009       310
022 A000010 GOLDMAN SACHS
022 B000010 13-5108880
022 C000010       251
022 D000010         0
023 C000000     128863
023 D000000     131177
024  00AA00 N
025 D00AA01       0
025 D00AA02       0
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
<PAGE>      PAGE  4
030 B00AA00  0.00
030 C00AA00  0.00
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 N
041  00AA00 N
042 A00AA00   0
042 B00AA00   0
042 C00AA00   0
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
043  00AA00      0
044  00AA00      0
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
058 A00AA00 N
058 B00AA00 N
058 C00AA00 N
058 D00AA00 N
058 E00AA00 N
059  00AA00 Y
060 A00AA00 N
060 B00AA00 N
<PAGE>      PAGE  5
061  00AA00     2500
062 A00AA00 N
062 B00AA00   0.0
062 C00AA00   0.0
062 D00AA00   0.0
062 E00AA00   0.0
062 F00AA00   0.0
062 G00AA00   0.0
062 H00AA00   0.0
062 I00AA00   0.0
062 J00AA00   0.0
062 K00AA00   0.0
062 L00AA00   0.0
062 M00AA00   0.0
062 N00AA00   0.0
062 O00AA00   0.0
062 P00AA00   0.0
062 Q00AA00   0.0
062 R00AA00   0.0
063 A00AA00   0
063 B00AA00  0.0
077 A000000 N
080 C00AA00        0
081 B00AA00   0
082 B00AA00        0
083 B00AA00        0
084 B00AA00        0
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
028 A010100       890
028 A020100         0
028 A030100         0
028 A040100       363
028 B010100       653
028 B020100         0
028 B030100         0
028 B040100       956
028 C010100      1290
028 C020100       106
028 C030100         0
028 C040100       539
<PAGE>      PAGE  6
028 D010100       438
028 D020100         0
028 D030100         0
028 D040100      1415
028 E010100       845
028 E020100         0
028 E030100         0
028 E040100       444
028 F010100     11615
028 F020100       151
028 F030100         0
028 F040100      1786
028 G010100     15731
028 G020100       257
028 G030100         0
028 G040100      5503
028 H000100         0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.350
048 A010100        0
048 A020100 0.000
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 N
066 A000100 Y
066 B000100 N
066 C000100 N
<PAGE>      PAGE  7
066 D000100 N
066 E000100 Y
066 F000100 N
066 G000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100      9843
071 B000100       535
071 C000100      9590
071 D000100    6
072 A000100  6
072 B000100       27
072 C000100      339
<PAGE>      PAGE  8
072 D000100        0
072 E000100        0
072 F000100       18
072 G000100       37
072 H000100        0
072 I000100        0
072 J000100        0
072 K000100        0
072 L000100        0
072 M000100        0
072 N000100        0
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100        0
072 S000100        0
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100        0
072 X000100       55
072 Y000100        0
072 Z000100      311
072AA000100        0
072BB000100      345
072CC010100      376
072CC020100        0
072DD010100      311
072DD020100        0
072EE000100        0
073 A010100   0.2590
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100        8
074 B000100        0
074 C000100     2590
074 D000100        0
074 E000100        0
074 F000100    17403
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100      177
074 M000100        0
074 N000100    20178
074 O000100        0
074 P000100       12
074 Q000100        0
<PAGE>      PAGE  9
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      534
074 S000100        0
074 T000100    19632
074 U010100     2279
074 U020100        0
074 V010100     8.62
074 V020100     0.00
074 W000100   0.0000
074 X000100      960
074 Y000100        0
075 A000100        0
075 B000100    10389
076  000100     0.00
028 A010200       280
028 A020200         0
028 A030200         0
028 A040200       279
028 B010200      1199
028 B020200         0
028 B030200         0
028 B040200       484
028 C010200       269
028 C020200         0
028 C030200         0
028 C040200       469
028 D010200      1440
028 D020200         0
028 D030200         0
028 D040200      1261
028 E010200       826
028 E020200         0
028 E030200         0
028 E040200      1127
028 F010200      7271
028 F020200        12
028 F030200         0
028 F040200      2765
028 G010200     11285
028 G020200        12
028 G030200         0
028 G040200      6385
028 H000200         0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.500
048 A010200        0
048 A020200 0.000
<PAGE>      PAGE  10
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 N
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
<PAGE>      PAGE  11
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200      8339
071 B000200      3308
071 C000200     10857
071 D000200   30
072 A000200  6
072 B000200       24
072 C000200       80
072 D000200        0
072 E000200        0
072 F000200       28
072 G000200       57
072 H000200        0
072 I000200        0
072 J000200        0
072 K000200        0
072 L000200        0
072 M000200        0
072 N000200        0
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        0
072 S000200        0
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200        0
072 X000200       85
072 Y000200        0
072 Z000200       19
<PAGE>      PAGE  12
072AA000200      257
072BB000200        0
072CC010200      620
072CC020200        0
072DD010200       19
072DD020200        0
072EE000200        0
073 A010200   0.0190
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200       53
074 B000200        0
074 C000200      380
074 D000200        0
074 E000200        0
074 F000200    15551
074 G000200        0
074 H000200        0
074 I000200        0
074 J000200      665
074 K000200        0
074 L000200       32
074 M000200        0
074 N000200    16681
074 O000200      869
074 P000200       17
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200       12
074 S000200        0
074 T000200    15783
074 U010200     1315
074 U020200        0
074 V010200    12.00
074 V020200     0.00
074 W000200   0.0000
074 X000200     1180
074 Y000200        0
075 A000200        0
075 B000200    11397
076  000200     0.00
028 A010300      1216
028 A020300         0
028 A030300         0
028 A040300      1431
028 B010300       733
028 B020300         0
028 B030300         0
<PAGE>      PAGE  13
028 B040300      1855
028 C010300       511
028 C020300         0
028 C030300         0
028 C040300       923
028 D010300      1557
028 D020300         0
028 D030300         0
028 D040300      1206
028 E010300      2986
028 E020300         0
028 E030300         0
028 E040300      1399
028 F010300      3330
028 F020300         0
028 F030300         0
028 F040300      3721
028 G010300     10333
028 G020300         0
028 G030300         0
028 G040300     10535
028 H000300         0
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.500
048 A010300        0
048 A020300 0.000
048 B010300        0
048 B020300 0.000
048 C010300        0
048 C020300 0.000
048 D010300        0
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
048 K010300        0
048 K020300 0.000
049  000300 N
050  000300 N
051  000300 N
<PAGE>      PAGE  14
052  000300 N
053 A000300 N
066 A000300 Y
066 B000300 Y
066 C000300 N
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067  000300 N
068 A000300 N
068 B000300 N
069  000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 N
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 Y
070 R020300 N
071 A000300      6359
071 B000300      3592
<PAGE>      PAGE  15
071 C000300     16696
071 D000300   22
072 A000300  6
072 B000300       48
072 C000300       38
072 D000300        0
072 E000300        0
072 F000300       47
072 G000300       94
072 H000300        0
072 I000300        0
072 J000300        0
072 K000300        0
072 L000300        0
072 M000300        0
072 N000300        0
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300        0
072 S000300        0
072 T000300        0
072 U000300        0
072 V000300        0
072 W000300        0
072 X000300      141
072 Y000300        0
072 Z000300      -55
072AA000300       88
072BB000300        0
072CC010300     1959
072CC020300        0
072DD010300        0
072DD020300        0
072EE000300        0
073 A010300   0.0000
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300        4
074 B000300        0
074 C000300     1175
074 D000300        0
074 E000300        0
074 F000300    18922
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300        0
074 K000300        0
074 L000300       51
<PAGE>      PAGE  16
074 M000300        0
074 N000300    20152
074 O000300       53
074 P000300       27
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300      149
074 S000300        0
074 T000300    19923
074 U010300     1710
074 U020300        0
074 V010300    11.65
074 V020300     0.00
074 W000300   0.0000
074 X000300     1802
074 Y000300        0
075 A000300        0
075 B000300    18621
076  000300     0.00
028 A010400       653
028 A020400         0
028 A030400         0
028 A040400       779
028 B010400      1767
028 B020400         0
028 B030400         0
028 B040400       740
028 C010400      2292
028 C020400         0
028 C030400         0
028 C040400      4396
028 D010400      1731
028 D020400         0
028 D030400         0
028 D040400      1351
028 E010400       724
028 E020400         0
028 E030400         0
028 E040400      1041
028 F010400      2266
028 F020400         0
028 F030400         0
028 F040400       991
028 G010400      9433
028 G020400         0
028 G030400         0
028 G040400      9298
028 H000400         0
045  000400 Y
<PAGE>      PAGE  17
046  000400 N
047  000400 Y
048  000400  0.700
048 A010400        0
048 A020400 0.000
048 B010400        0
048 B020400 0.000
048 C010400        0
048 C020400 0.000
048 D010400        0
048 D020400 0.000
048 E010400        0
048 E020400 0.000
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 N
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 Y
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
<PAGE>      PAGE  18
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 Y
070 R020400 N
071 A000400      2002
071 B000400      1161
071 C000400      5398
071 D000400   22
072 A000400  6
072 B000400       11
072 C000400       23
072 D000400        0
072 E000400        0
072 F000400       21
072 G000400       31
072 H000400        0
072 I000400        0
072 J000400        0
072 K000400        0
072 L000400        0
072 M000400        0
072 N000400        0
072 O000400        0
072 P000400        0
072 Q000400        0
072 R000400        0
072 S000400        0
072 T000400        0
072 U000400        0
<PAGE>      PAGE  19
072 V000400        0
072 W000400        0
072 X000400       52
072 Y000400        0
072 Z000400      -18
072AA000400       35
072BB000400        0
072CC010400        0
072CC020400      307
072DD010400        0
072DD020400        0
072EE000400        0
073 A010400   0.0000
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400        0
074 B000400        0
074 C000400      900
074 D000400        0
074 E000400        0
074 F000400     5361
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400       15
074 K000400        0
074 L000400        6
074 M000400        0
074 N000400     6282
074 O000400        0
074 P000400        8
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400       31
074 S000400        0
074 T000400     6243
074 U010400      709
074 U020400        0
074 V010400     8.80
074 V020400     0.00
074 W000400   0.0000
074 X000400      493
074 Y000400        0
075 A000400        0
075 B000400     6089
076  000400     0.00
SIGNATURE   WILLIAM L. MAJOR                             
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000885113
<NAME> CAPPIELLO-RUSHMORE TRUST
<SERIES>
   <NUMBER> 1
   <NAME> UTILITY INCOME FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-START>                             JUL-01-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                       21,703,616
<INVESTMENTS-AT-VALUE>                      19,992,871
<RECEIVABLES>                                  176,790
<ASSETS-OTHER>                                   8,030
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              20,177,691
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      545,406
<TOTAL-LIABILITIES>                            545,406
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    21,934,566
<SHARES-COMMON-STOCK>                        2,278,693
<SHARES-COMMON-PRIOR>                        1,086,163
<ACCUMULATED-NII-CURRENT>                        1,800
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (593,336)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (1,710,745)
<NET-ASSETS>                                19,632,285
<DIVIDEND-INCOME>                              338,885
<INTEREST-INCOME>                               26,693
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (54,689)
<NET-INVESTMENT-INCOME>                        310,889
<REALIZED-GAINS-CURRENT>                     (344,643)
<APPREC-INCREASE-CURRENT>                      375,805
<NET-CHANGE-FROM-OPS>                          342,051
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (311,144)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,798,322
<NUMBER-OF-SHARES-REDEEMED>                  (635,560)
<SHARES-REINVESTED>                             29,768
<NET-CHANGE-IN-ASSETS>                      10,515,328
<ACCUMULATED-NII-PRIOR>                          2,055
<ACCUMULATED-GAINS-PRIOR>                    (248,693)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           18,230
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 54,689
<AVERAGE-NET-ASSETS>                        10,388,759
<PER-SHARE-NAV-BEGIN>                            8.390
<PER-SHARE-NII>                                  0.259
<PER-SHARE-GAIN-APPREC>                          0.230
<PER-SHARE-DIVIDEND>                           (0.259)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.620
<EXPENSE-RATIO>                                  1.050
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000885113
<NAME> CAPPIELLO-RUSHMORE TRUST
<SERIES>
   <NUMBER> 2
   <NAME> GROWTH FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-START>                             JUL-01-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                       15,102,096
<INVESTMENTS-AT-VALUE>                      15,931,141
<RECEIVABLES>                                  697,433
<ASSETS-OTHER>                                  52,552
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              16,681,126
<PAYABLE-FOR-SECURITIES>                       869,220
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       29,328
<TOTAL-LIABILITIES>                            898,548
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    15,125,948
<SHARES-COMMON-STOCK>                        1,315,468
<SHARES-COMMON-PRIOR>                          904,314
<ACCUMULATED-NII-CURRENT>                     (11,706)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (160,709)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       829,045
<NET-ASSETS>                                15,782,578
<DIVIDEND-INCOME>                               80,335
<INTEREST-INCOME>                               24,214
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (85,945)
<NET-INVESTMENT-INCOME>                         18,604
<REALIZED-GAINS-CURRENT>                       256,659
<APPREC-INCREASE-CURRENT>                      620,171
<NET-CHANGE-FROM-OPS>                          895,434
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (18,530)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        946,292
<NUMBER-OF-SHARES-REDEEMED>                  (536,104)
<SHARES-REINVESTED>                                966
<NET-CHANGE-IN-ASSETS>                       5,789,946
<ACCUMULATED-NII-PRIOR>                       (11,780)
<ACCUMULATED-GAINS-PRIOR>                    (417,344)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           28,648
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 85,945
<AVERAGE-NET-ASSETS>                        11,397,263
<PER-SHARE-NAV-BEGIN>                           11.050
<PER-SHARE-NII>                                  0.019
<PER-SHARE-GAIN-APPREC>                          0.950
<PER-SHARE-DIVIDEND>                           (0.019)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             12.000
<EXPENSE-RATIO>                                  1.500
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000885113
<NAME> CAPPIELLO-RUSHMORE TRUST
<SERIES>
   <NUMBER> 3
   <NAME> EMERGING GROWTH FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-START>                             JUL-01-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                       20,473,873
<INVESTMENTS-AT-VALUE>                      20,097,200
<RECEIVABLES>                                   51,633
<ASSETS-OTHER>                                   3,579
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              20,152,412
<PAYABLE-FOR-SECURITIES>                        53,235
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      175,819
<TOTAL-LIABILITIES>                            229,054
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    20,429,738
<SHARES-COMMON-STOCK>                        1,709,723
<SHARES-COMMON-PRIOR>                        1,741,993
<ACCUMULATED-NII-CURRENT>                    (180,253)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         50,546
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (376,673)
<NET-ASSETS>                                19,923,358
<DIVIDEND-INCOME>                               38,256
<INTEREST-INCOME>                               47,746
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (140,603)
<NET-INVESTMENT-INCOME>                       (54,601)
<REALIZED-GAINS-CURRENT>                        87,802
<APPREC-INCREASE-CURRENT>                    1,958,509
<NET-CHANGE-FROM-OPS>                        1,991,710
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        916,666
<NUMBER-OF-SHARES-REDEEMED>                  (948,936)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       1,790,448
<ACCUMULATED-NII-PRIOR>                      (125,652)
<ACCUMULATED-GAINS-PRIOR>                     (37,185)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           46,868
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                140,603
<AVERAGE-NET-ASSETS>                        18,620,886
<PER-SHARE-NAV-BEGIN>                           10.410
<PER-SHARE-NII>                                (0.033)
<PER-SHARE-GAIN-APPREC>                          1.273
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             11.650
<EXPENSE-RATIO>                                  1.500
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000885113
<NAME> CAPPIELLO-RUSHMORE TRUST
<SERIES>
   <NUMBER> 4
   <NAME> GOLD FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JUN-30-1995
<PERIOD-START>                             JUL-01-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                        6,709,128
<INVESTMENTS-AT-VALUE>                       6,260,779
<RECEIVABLES>                                   21,474
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               6,282,253
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       39,284
<TOTAL-LIABILITIES>                             39,284
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     6,597,470
<SHARES-COMMON-STOCK>                          709,332
<SHARES-COMMON-PRIOR>                          671,509
<ACCUMULATED-NII-CURRENT>                     (23,138)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        116,986
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     (448,349)
<NET-ASSETS>                                 6,242,969
<DIVIDEND-INCOME>                               23,146
<INTEREST-INCOME>                               10,768
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (52,187)
<NET-INVESTMENT-INCOME>                       (18,273)
<REALIZED-GAINS-CURRENT>                        35,362
<APPREC-INCREASE-CURRENT>                    (307,338)
<NET-CHANGE-FROM-OPS>                        (290,249)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        980,320
<NUMBER-OF-SHARES-REDEEMED>                  (942,497)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       (152,294)
<ACCUMULATED-NII-PRIOR>                        (4,865)
<ACCUMULATED-GAINS-PRIOR>                       81,679
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           21,489
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 52,187
<AVERAGE-NET-ASSETS>                         6,089,225
<PER-SHARE-NAV-BEGIN>                            9.520
<PER-SHARE-NII>                                (0.029)
<PER-SHARE-GAIN-APPREC>                        (0.691)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              8.800
<EXPENSE-RATIO>                                  1.700
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission