<PAGE> PAGE 1
000 A000000 12/31/1999
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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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 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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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
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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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 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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SIGNATURE FRED KAUFMAN
TITLE VICE PRES/TREASURER
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<CIK> 0000885414
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<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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<CIK> 0000885414
<NAME> THE PREFERRED GROUP OF MUTUAL FUNDS
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<NAME> PREFERRED SHORT-TERM GOVERNMENT SECURITIES FUND
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<CIK> 0000885414
<NAME> THE PREFERRED GROUP OF MUTUAL FUNDS
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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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</TABLE>
