MONARCH FUNDS
NSAR-A, 2000-04-28
Previous: FIRST TRUST GNMA SERIES 65, 485BPOS, 2000-04-28
Next: VAN KAMPEN U S GOVERNMENT TRUST FOR INCOME, 497, 2000-04-28



<PAGE>      PAGE  1
000 A000000 02/29/2000
000 C000000 0000889509
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 MONARCH FUNDS
001 B000000 811-6742
001 C000000 8007548757
002 A000000 TWO PORTLAND SQUARE
002 B000000 PORTLAND
002 C000000 ME
002 D010000 04101
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  3
007 C010100  1
007 C020100 GOVERNMENT CASH FUND
007 C030100 N
007 C010200  2
007 C020200 CASH FUND
007 C030200 N
007 C010300  3
007 C020300 TREASURY CASH FUND
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 FORUM INVESTMENT ADVISORS, LLC
008 B00AA01 A
008 C00AA01 801-31487
008 D01AA01 PORTLAND
008 D02AA01 ME
008 D03AA01 04101
010 A00AA01 FORUM ADMINISTRATIVE SERVICES, LLC
010 C01AA01 PORTLAND
010 C02AA01 ME
010 C03AA01 04101
011 A00AA01 FORUM FUND SERVICES, LLC
011 B00AA01 8-51293
011 C01AA01 PORTLAND
<PAGE>      PAGE  2
011 C02AA01 ME
011 C03AA01 04101
012 A00AA01 FORUM SHAREHOLDER SERVICES, LLC
012 B00AA01 84-5777
012 C01AA01 PORTLAND
012 C02AA01 ME
012 C03AA01 04101
013 A00AA01 KPMG LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 FORUM FUND SERVICES, LLC
014 B00AA01 8-51293
015 A00AA01 UNION BANK OF CALIFORNIA
015 B00AA01 C
015 C01AA01 SAN FRANCISCO
015 C02AA01 CA
015 C03AA01 94104
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 C000001         0
022 D000001         0
022 C000002         0
022 D000002         0
022 C000003         0
022 D000003         0
022 C000004         0
022 D000004         0
022 C000005         0
022 D000005         0
022 C000006         0
022 D000006         0
022 C000007         0
022 D000007         0
022 C000008         0
022 D000008         0
022 C000009         0
022 D000009         0
<PAGE>      PAGE  3
022 C000010         0
022 D000010         0
023 C000000          0
023 D000000          0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
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
066 A00AA00 N
067  00AA00 N
068 A00AA00 N
068 B00AA00 N
069  00AA00 N
077 A000000 N
078  000000 N
080 A00AA00 VIGILANT INSURANCE COMPANY (CHUBB)
080 C00AA00     2500
081 A00AA00 Y
081 B00AA00  24
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
<PAGE>      PAGE  4
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
024  000100 N
025 D000101       0
025 D000102       0
025 D000103       0
025 D000104       0
025 D000105       0
025 D000106       0
025 D000107       0
025 D000108       0
028 A010100    517766
028 A020100      2401
028 A030100         0
028 A040100    550464
028 B010100    901046
028 B020100      2724
028 B030100         0
028 B040100    709481
028 C010100    801060
028 C020100      2097
028 C030100         0
028 C040100   1073230
028 D010100    838898
028 D020100      2277
028 D030100         0
028 D040100    936918
028 E010100    923604
028 E020100      2618
028 E030100         0
028 E040100    613168
028 F010100    597358
028 F020100      1807
028 F030100         0
028 F040100    748569
028 G010100   4579732
028 G020100     13924
028 G030100         0
028 G040100   4631830
028 H000100         0
037  000100 N
038  000100      0
039  000100 N
040  000100 Y
041  000100 Y
042 A000100   0
042 B000100   0
042 C000100   0
<PAGE>      PAGE  5
042 D000100   0
042 E000100   0
042 F000100 100
042 G000100   0
042 H000100   0
043  000100      0
044  000100      0
045  000100 N
048  000100  0.000
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
055 A000100 N
055 B000100 N
056  000100 N
057  000100 N
058 A000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100     5000
062 A000100 Y
062 B000100   0.0
062 C000100   0.0
062 D000100   0.0
062 E000100   0.0
062 F000100   0.0
062 G000100   0.0
062 H000100   0.0
062 I000100   0.0
062 J000100   0.0
062 K000100   0.0
<PAGE>      PAGE  6
062 L000100 100.0
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100   0
063 B000100  0.0
064 A000100 N
064 B000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 N
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100         0
071 B000100         0
071 C000100         0
071 D000100    0
<PAGE>      PAGE  7
072 A000100  6
072 B000100    21915
072 C000100        0
072 D000100        0
072 E000100     -465
072 F000100        0
072 G000100      196
072 H000100        0
072 I000100     1159
072 J000100        0
072 K000100        0
072 L000100        0
072 M000100        8
072 N000100        0
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100        3
072 S000100        6
072 T000100        1
072 U000100        0
072 V000100        0
072 W000100       11
072 X000100     1384
072 Y000100       58
072 Z000100    20124
072AA000100        1
072BB000100        0
072CC010100        0
072CC020100        0
072DD010100     6782
072DD020100    13342
072EE000100        0
073 A010100   0.0267
073 A020100   0.0332
073 B000100   0.0000
073 C000100   0.0000
074 A000100        0
074 B000100        0
074 C000100        0
074 D000100        0
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100   696757
074 J000100        0
074 K000100        0
074 L000100        0
074 M000100        0
074 N000100   696757
<PAGE>      PAGE  8
074 O000100        0
074 P000100       34
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     1422
074 S000100        0
074 T000100   695301
074 U010100   253155
074 U020100   442229
074 V010100     1.00
074 V020100     1.00
074 W000100   0.9999
074 X000100       37
074 Y000100        0
075 A000100   792387
075 B000100        0
076  000100     0.00
024  000200 N
025 D000201       0
025 D000202       0
025 D000203       0
025 D000204       0
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200    433483
028 A020200      3085
028 A030200         0
028 A040200    394853
028 B010200    583337
028 B020200      3716
028 B030200         0
028 B040200    464186
028 C010200    718452
028 C020200      5212
028 C030200         0
028 C040200    394928
028 D010200    797400
028 D020200      5738
028 D030200         0
028 D040200    737842
028 E010200    710174
028 E020200      6639
028 E030200         0
028 E040200    535070
028 F010200    681579
028 F020200      6642
028 F030200         0
<PAGE>      PAGE  9
028 F040200    573599
028 G010200   3924425
028 G020200     31032
028 G030200         0
028 G040200   3100478
028 H000200         0
037  000200 N
038  000200      0
039  000200 N
040  000200 Y
041  000200 Y
042 A000200   0
042 B000200   0
042 C000200   0
042 D000200   0
042 E000200   0
042 F000200 100
042 G000200   0
042 H000200   0
043  000200    529
044  000200      0
045  000200 N
048  000200  0.000
048 A010200        0
048 A020200 0.000
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
055 A000200 N
055 B000200 N
056  000200 N
057  000200 N
058 A000200 N
059  000200 Y
<PAGE>      PAGE  10
060 A000200 Y
060 B000200 Y
061  000200     5000
062 A000200 Y
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200 100.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200  0.0
064 A000200 N
064 B000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 N
070 M010200 Y
070 M020200 N
<PAGE>      PAGE  11
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200         0
071 B000200         0
071 C000200         0
071 D000200    0
072 A000200  6
072 B000200    38006
072 C000200        0
072 D000200        0
072 E000200     -762
072 F000200        0
072 G000200      330
072 H000200        0
072 I000200     2506
072 J000200        0
072 K000200        0
072 L000200        0
072 M000200       11
072 N000200        0
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200        5
072 S000200        8
072 T000200      529
072 U000200        0
072 V000200        0
072 W000200       50
072 X000200     3439
072 Y000200       14
072 Z000200    33819
072AA000200        0
072BB000200        0
072CC010200        0
072CC020200        0
072DD010200     2327
072DD020200    31492
072EE000200        0
073 A010200   0.0275
073 A020200   0.0500
073 B000200   0.0000
073 C000200   0.0000
<PAGE>      PAGE  12
074 A000200        0
074 B000200        0
074 C000200        0
074 D000200        0
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200  1793449
074 J000200        0
074 K000200        0
074 L000200        0
074 M000200        0
074 N000200  1793449
074 O000200        0
074 P000200       66
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200      867
074 S000200        0
074 T000200  1792516
074 U010200    46993
074 U020200  1745542
074 V010200     1.00
074 V020200     1.00
074 W000200   0.9999
074 X000200        5
074 Y000200        0
075 A000200  1325414
075 B000200        0
076  000200     0.00
024  000300 N
025 D000301       0
025 D000302       0
025 D000303       0
025 D000304       0
025 D000305       0
025 D000306       0
025 D000307       0
025 D000308       0
028 A010300    137956
028 A020300       850
028 A030300         0
028 A040300    175145
028 B010300    306059
028 B020300       918
028 B030300         0
028 B040300    319384
028 C010300    250029
<PAGE>      PAGE  13
028 C020300       932
028 C030300         0
028 C040300    234208
028 D010300    393457
028 D020300      1007
028 D030300         0
028 D040300    377461
028 E010300    310869
028 E020300      1056
028 E030300         0
028 E040300    300481
028 F010300    380148
028 F020300      1128
028 F030300         0
028 F040300    349800
028 G010300   1778518
028 G020300      5891
028 G030300         0
028 G040300   1756479
028 H000300         0
037  000300 N
038  000300      0
039  000300 N
040  000300 Y
041  000300 Y
042 A000300   0
042 B000300   0
042 C000300   0
042 D000300   0
042 E000300   0
042 F000300 100
042 G000300   0
042 H000300   0
043  000300    300
044  000300      0
045  000300 N
048  000300  0.000
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
<PAGE>      PAGE  14
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
055 A000300 N
055 B000300 N
056  000300 N
057  000300 N
058 A000300 N
059  000300 Y
060 A000300 Y
060 B000300 Y
061  000300     5000
062 A000300 Y
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300 100.0
062 M000300   0.0
062 N000300   0.0
062 O000300   0.0
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
063 A000300   0
063 B000300  0.0
064 A000300 N
064 B000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
<PAGE>      PAGE  15
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 N
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300         0
071 B000300         0
071 C000300         0
071 D000300    0
072 A000300  6
072 B000300     7747
072 C000300        0
072 D000300        0
072 E000300     -190
072 F000300        0
072 G000300       72
072 H000300        0
072 I000300      584
072 J000300        0
072 K000300        0
072 L000300        0
072 M000300        3
072 N000300        0
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300        2
072 S000300        2
072 T000300      300
072 U000300        0
072 V000300        0
072 W000300        6
<PAGE>      PAGE  16
072 X000300      969
072 Y000300       37
072 Z000300     6625
072AA000300        7
072BB000300        0
072CC010300        0
072CC020300        0
072DD010300       89
072DD020300     6536
072EE000300        0
073 A010300   0.0093
073 A020300   0.0468
073 B000300   0.0000
073 C000300   0.0000
074 A000300        0
074 B000300        0
074 C000300        0
074 D000300        0
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300   316018
074 J000300        0
074 K000300        0
074 L000300        0
074 M000300        0
074 N000300   316018
074 O000300        0
074 P000300       12
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300      312
074 S000300        0
074 T000300   315694
074 U010300       46
074 U020300   315634
074 V010300     1.00
074 V020300     1.00
074 W000300   1.0000
074 X000300        1
074 Y000300        0
075 A000300   296372
075 B000300        0
076  000300     0.00
SIGNATURE   DAVID GOLDSTEIN
TITLE       SECRETARY



<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE MONARCH FUNDS SEMI-ANNUAL REPORT DATED FEBRUARY 29, 2000 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
   <NUMBER>012
   <NAME>GOVERNMENT CASH FUND INSTITUTIONAL

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-START>                             SEP-01-1999
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                      696,756,892
<INVESTMENTS-AT-VALUE>                     696,756,892
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             696,756,892
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,455,535
<TOTAL-LIABILITIES>                          1,455,535
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   695,383,501
<SHARES-COMMON-STOCK>                      437,300,174
<SHARES-COMMON-PRIOR>                      455,269,485
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          34,950
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        47,194
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               695,301,357
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           21,914,915
<OTHER-INCOME>                                (464,910)
<EXPENSES-NET>                               1,325,816
<NET-INVESTMENT-INCOME>                    20,124,189
<REALIZED-GAINS-CURRENT>                           685
<APPREC-INCREASE-CURRENT>                           0
<NET-CHANGE-FROM-OPS>                       20,124,874
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   13,312,577
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                  1,972,229,004
<NUMBER-OF-SHARES-REDEEMED>              2,000,617,065
<SHARES-REINVESTED>                         10,418,750
<NET-CHANGE-IN-ASSETS>                    (37,486,108)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                         34,950
<OVERDIST-NET-GAINS-PRIOR>                      47,879
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,384,452
<AVERAGE-NET-ASSETS>                       792,387,305
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .02
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .58



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE MONARCH FUNDS SEMI-ANNUAL REPORT DATED FEBRUARY 29, 2000 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
   <NUMBER>013
   <NAME>GOVERNMENT CASH FUND INVESTOR

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-START>                             SEP-01-1999
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                      696,756,892
<INVESTMENTS-AT-VALUE>                     696,756,892
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             696,756,892
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,455,535
<TOTAL-LIABILITIES>                          1,455,535
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   695,383,501
<SHARES-COMMON-STOCK>                        4,928,536
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          34,950
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        47,194
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               695,301,357
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           21,914,915
<OTHER-INCOME>                                (464,910)
<EXPENSES-NET>                               1,325,816
<NET-INVESTMENT-INCOME>                    20,124,189
<REALIZED-GAINS-CURRENT>                           685
<APPREC-INCREASE-CURRENT>                           0
<NET-CHANGE-FROM-OPS>                       20,124,874
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       29,342
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      7,386,735
<NUMBER-OF-SHARES-REDEEMED>                  2,487,541
<SHARES-REINVESTED>                             29,342
<NET-CHANGE-IN-ASSETS>                    (37,486,108)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                         34,950
<OVERDIST-NET-GAINS-PRIOR>                      47,879
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,384,452
<AVERAGE-NET-ASSETS>                       792,387,305
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .01
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .01
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .84



</TABLE>

<TABLE> <S> <C>

 <ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE MONARCH FUNDS SEMI-ANNUAL REPORT DATED FEBRUARY 29, 2000 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
   <NUMBER>011
   <NAME>GOVERNMENT CASH FUND UNIVERSAL

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-START>                             SEP-01-1999
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                      696,756,892
<INVESTMENTS-AT-VALUE>                     696,756,892
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             696,756,892
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,455,535
<TOTAL-LIABILITIES>                          1,455,535
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   695,383,501
<SHARES-COMMON-STOCK>                      253,154,792
<SHARES-COMMON-PRIOR>                      277,600,810
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                          34,950
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        47,194
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               695,301,357
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           21,914,915
<OTHER-INCOME>                                (464,910)
<EXPENSES-NET>                               1,325,816
<NET-INVESTMENT-INCOME>                    20,124,189
<REALIZED-GAINS-CURRENT>                           685
<APPREC-INCREASE-CURRENT>                           0
<NET-CHANGE-FROM-OPS>                       20,124,874
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    6,782,270
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                  2,598,115,962
<NUMBER-OF-SHARES-REDEEMED>              2,626,724,901
<SHARES-REINVESTED>                          4,162,921
<NET-CHANGE-IN-ASSETS>                    (37,486,108)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                         34,950
<OVERDIST-NET-GAINS-PRIOR>                      47,879
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,384,452
<AVERAGE-NET-ASSETS>                       792,387,305
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .03
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .20




</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE MONARCH FUNDS SEMI-ANNUAL REPORT DATED FEBRUARY 29, 2000 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
   <NUMBER>022
   <NAME> CASH FUND INSTITUTIONAL

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-START>                             SEP-01-1999
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                    1,793,448,938
<INVESTMENTS-AT-VALUE>                   1,793,448,938
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,793,448,938
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      933,327
<TOTAL-LIABILITIES>                            933,327
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,792,534,754
<SHARES-COMMON-STOCK>                    1,165,372,508
<SHARES-COMMON-PRIOR>                      569,421,752
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>               	             0
<OVERDISTRIBUTION-GAINS>                        19,143
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                             1,792,515,611
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           38,006,257
<OTHER-INCOME>                                (762,023)
<EXPENSES-NET>                               3,425,062
<NET-INVESTMENT-INCOME>                     33,819,172
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                       33,819,172
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   21,025,590
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                  2,096,939,402
<NUMBER-OF-SHARES-REDEEMED>              1,519,857,148
<SHARES-REINVESTED>                         18,868,502
<NET-CHANGE-IN-ASSETS>                     854,980,772
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      19,143
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,438,577
<AVERAGE-NET-ASSETS>                     1,325,413,834
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .03
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .58



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE MONARCH FUNDS SEMI-ANNUAL REPORT DATED FEBRUARY 29, 2000 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
   <NUMBER>023
   <NAME> CASH FUND INVESTOR

<S>				<C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-START>                             SEP-01-1999
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                    1,793,448,938
<INVESTMENTS-AT-VALUE>                   1,793,448,938
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,793,448,938
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      933,327
<TOTAL-LIABILITIES>                            933,327
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,792,534,754
<SHARES-COMMON-STOCK>                      580,169,535
<SHARES-COMMON-PRIOR>                      269,426,422
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>               	             0
<OVERDISTRIBUTION-GAINS>                        19,143
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                             1,792,515,611
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           38,006,257
<OTHER-INCOME>                                (762,023)
<EXPENSES-NET>                               3,425,062
<NET-INVESTMENT-INCOME>                     33,819,172
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                       33,819,172
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   10,466,949
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                  1,058,761,788
<NUMBER-OF-SHARES-REDEEMED>                758,483,538
<SHARES-REINVESTED>                         10,464,863
<NET-CHANGE-IN-ASSETS>                     854,980,772
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      19,143
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,438,577
<AVERAGE-NET-ASSETS>                     1,325,413,834
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .02
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .84




</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE MONARCH FUNDS SEMI-ANNUAL REPORT DATED FEBRUARY 29, 2000 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
   <NUMBER>021
   <NAME> CASH FUND UNIVERSAL

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-START>                             SEP-01-1999
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                    1,793,448,938
<INVESTMENTS-AT-VALUE>                   1,793,448,938
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,793,448,938
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      933,327
<TOTAL-LIABILITIES>                            933,327
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,792,534,754
<SHARES-COMMON-STOCK>                       46,992,708
<SHARES-COMMON-PRIOR>                       98,705,805
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>               	             0
<OVERDISTRIBUTION-GAINS>                        19,143
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                             1,792,515,611
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           38,006,257
<OTHER-INCOME>                                (762,023)
<EXPENSES-NET>                               3,425,062
<NET-INVESTMENT-INCOME>                     33,819,172
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                       33,819,172
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    2,326,633
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    768,725,108
<NUMBER-OF-SHARES-REDEEMED>                822,136,619
<SHARES-REINVESTED>                          1,698,414
<NET-CHANGE-IN-ASSETS>                     854,980,772
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      19,143
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              3,438,577
<AVERAGE-NET-ASSETS>                     1,325,413,834
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .03
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .20



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE MONARCH FUNDS SEMI-ANNUAL REPORT DATED FEBRUARY 29, 2000 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
   <NUMBER>032
   <NAME>TREASURY CASH FUND INSTITUTIONAL

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-START>                             SEP-01-1999
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                      316,017,724
<INVESTMENTS-AT-VALUE>                     316,017,724
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             316,017,724
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      324,008
<TOTAL-LIABILITIES>                            324,008
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   315,679,859
<SHARES-COMMON-STOCK>                      109,784,282
<SHARES-COMMON-PRIOR>                       55,129,247
<ACCUMULATED-NII-CURRENT>                       12,848
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>               	         1,009
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               315,693,716
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            7,747,135
<OTHER-INCOME>                                (189,902)
<EXPENSES-NET>                                 931,735
<NET-INVESTMENT-INCOME>                      6,625,498
<REALIZED-GAINS-CURRENT>                         7,024
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        6,632,522
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,116,345
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    602,656,974
<NUMBER-OF-SHARES-REDEEMED>                548,383,650
<SHARES-REINVESTED>                            381,711
<NET-CHANGE-IN-ASSETS>                      27,935,640
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                       6,015
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                969,055
<AVERAGE-NET-ASSETS>                       296,372,070
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .02
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .46



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE MONARCH FUNDS SEMI-ANNUAL REPORT DATED FEBRUARY 29, 2000 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
   <NUMBER>033
   <NAME>TREASURY CASH FUND INVESTOR

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-START>                             SEP-01-1999
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                      316,017,724
<INVESTMENTS-AT-VALUE>                     316,017,724
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                      0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             316,017,724
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      324,008
<TOTAL-LIABILITIES>                            324,008
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   315,679,859
<SHARES-COMMON-STOCK>                      205,849,420
<SHARES-COMMON-PRIOR>                      232,621,997
<ACCUMULATED-NII-CURRENT>                       12,848
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>               	         1,009
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               315,693,716
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            7,747,135
<OTHER-INCOME>                                (189,902)
<EXPENSES-NET>                                 931,735
<NET-INVESTMENT-INCOME>                      6,625,498
<REALIZED-GAINS-CURRENT>                         7,024
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        6,632,522
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    5,419,871
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    822,775,339
<NUMBER-OF-SHARES-REDEEMED>                854,961,656
<SHARES-REINVESTED>                          5,413,470
<NET-CHANGE-IN-ASSETS>                      27,935,640
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                       6,015
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                969,055
<AVERAGE-NET-ASSETS>                       296,372,070
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .02
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .85



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM THE MONARCH FUNDS SEMI-ANNUAL REPORT DATED FEBRUARY 29, 2000 AND
IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
   <NUMBER>031
   <NAME>TREASURY CASH FUND UNIVERSAL

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          AUG-31-2000
<PERIOD-START>                             SEP-01-1999
<PERIOD-END>                               FEB-29-2000
<INVESTMENTS-AT-COST>                      316,017,724
<INVESTMENTS-AT-VALUE>                     316,017,724
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             316,017,724
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      324,008
<TOTAL-LIABILITIES>                            324,008
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   315,679,859
<SHARES-COMMON-STOCK>                           46,158
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       12,848
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>               	         1,009
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               315,693,716
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            7,747,135
<OTHER-INCOME>                                (189,902)
<EXPENSES-NET>                                 931,735
<NET-INVESTMENT-INCOME>                      6,625,498
<REALIZED-GAINS-CURRENT>                         7,024
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        6,632,522
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       89,282
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    353,090,876
<NUMBER-OF-SHARES-REDEEMED>                353,134,000
<SHARES-REINVESTED>                             89,282
<NET-CHANGE-IN-ASSETS>                      27,935,640
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                       6,015
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                969,055
<AVERAGE-NET-ASSETS>                       296,372,070
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                    .01
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .01
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .20



</TABLE>


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