MONARCH FUNDS
N-8A/A, 1996-05-13
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM N-8A

                 NOTIFICATION OF REGISTRATION FILED PURSUANT TO
               SECTION 8(A) OF THE INVESTMENT COMPANY ACT OF 1940

     The undersigned investment company hereby notifies the Securities and
Exchange Commission that it registers under and pursuant to the provisions of
Section 8(a) of the Investment Company Act of 1940 and in connection with such
notification of registration submits the following information:

               __________________________________________________

                                  MONARCH FUNDS
             (Exact Name of Registrant as Specified in its Charter)
   
                   Two Portland Square, Portland, Maine  04101
                     (Address of Principal Business Office)
    


   
       Registrant's Telephone Number, including Area Code: (207) 879-1900
    
               __________________________________________________

   
                            David I. Goldstein, Esq.
                         Forum Financial Services, Inc.
                   Two Portland Square, Portland, Maine  04101
               (Name and Address of Agent for Service of Process)
    
               __________________________________________________

     Registrant is filing a Registration Statement pursuant to Section 8(b) of
the Investment Company Act of 1940 concurrently with the filing of Form N-8A:
YES [ X ]   NO [   ].


                                   SIGNATURES

   
     Pursuant to the requirements of the Investment Company Act of 1940, the
Registrant has caused this notification of registration to be duly signed on its
behalf in the City of Portland and the State of Maine on the 6th day of May,
1996.
    

                                             MONARCH FUNDS


                                             By:  /s/ John Y. Keffer
                                                  --------------------
                                                      John Y. Keffer
                                                      President

   
Attest:  /s/ David I. Goldstein
         -------------------------------
          David I. Goldstein
          Vice President and Secretary
    



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