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<PAGE> PAGE 3
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<PAGE> PAGE 13
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<PAGE> PAGE 20
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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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<PAGE> PAGE 26
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<PAGE> PAGE 27
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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 FRED KAUFMAN
TITLE VICE PRES/TREASURER
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<CIK> 0000885414
<NAME> THE PREFERRED GROUP OF MUTUAL FUNDS
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<NAME> THE PREFERRED GROUP OF MUTUAL FUNDS
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<CIK> 0000885414
<NAME> THE PREFERRED GROUP OF MUTUAL FUNDS
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<NAME> PREFERRED MONEY MARKET FUND
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<CIK> 0000885414
<NAME> THE PREFFERED GROUP OF MUTUAL FUNDS
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<NAME> PREFERRED SMALL CAP FUND
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<NET-CHANGE-IN-ASSETS> (11,362,706)
<ACCUMULATED-NII-PRIOR> 125,934
<ACCUMULATED-GAINS-PRIOR> 5,072,094
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 444,001
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 544,303
<AVERAGE-NET-ASSETS> 117,436,094
<PER-SHARE-NAV-BEGIN> 15.59
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> (1.88)
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0.57
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.14
<EXPENSE-RATIO> 0.92
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
