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<PAGE> PAGE 10
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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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008 B000501 A
008 C000501 801-47942
008 D010501 NEW YORK
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008 D030501 10166
008 A000502 DREMAN VALUE ADVISORS, INC.
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015 A000501 INVESTORS FIDUCIARY TRUST COMPANY
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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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008 A000601 ARM CAPITAL ADVISORS, INC.
008 B000601 A
008 C000601 801-47942
008 D010601 NEW YORK
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008 D030602 10004
015 A000601 INVESTORS FIDUCIARY TRUST COMPANY
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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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008 A000901 ARM CAPITAL ADVISORS, INC.
008 B000901 A
008 C000901 801-47942
008 D010901 NEW YORK
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008 D030901 10166
008 A000902 J.P. MORGAN INVESTMENT MANAGEMENT, INC.
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<PAGE> PAGE 32
008 D030902 10036
015 A000901 INVESTORS FIDUCIARY TRUST COMPANY
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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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008 A001001 ARM CAPITAL ADVISORS, INC.
008 B001001 A
008 C001001 801-47942
008 D011001 NEW YORK
008 D021001 NY
008 D031001 10166
015 A001001 INVESTORS FIDUCIARY TRUST COMPANY
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<PAGE> PAGE 37
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<PAGE> PAGE 38
064 A001000 N
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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008 A001101 ARM CAPITAL ADVISORS, INC.
008 B001101 A
008 C001101 801-47942
008 D011101 NEW YORK
008 D021101 NY
008 D031101 10166
008 A001102 MORGAN STANLEY ASSET MANAGEMENT, INC.
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008 C001102 801-15757
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008 D021102 NY
008 D031102 10020
015 A001101 THE CHASE MANHATTAN BANK, N.A.
015 B001101 S
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015 C021101 NY
015 C031101 11245
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015 A001102 INVESTORS FIDUCIARY TRUST COMPANY
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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SIGNATURE KEVIN L. HOWARD
TITLE SECRETARY
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT TO SHAREHOLDERS FOR THE LEGENDS FUND, INC. AND IS QUALIFIED
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<DISTRIBUTIONS-OF-GAINS> 862,820
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 349,006
<NUMBER-OF-SHARES-REDEEMED> 172,602
<SHARES-REINVESTED> 64,391
<NET-CHANGE-IN-ASSETS> 6,177,078
<ACCUMULATED-NII-PRIOR> 252,188
<ACCUMULATED-GAINS-PRIOR> 862,820
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 121,299
<AVERAGE-NET-ASSETS> 22,665,520
<PER-SHARE-NAV-BEGIN> 16.17
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> 2.33
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<EXPENSE-RATIO> 1.07
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT TO SHAREHOLDERS FOR THE LEGENDS FUND, INC. AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000890454
<NAME> THE LEGENDS FUND, INC.
<SERIES>
<NUMBER> 6
<NAME> ZWEIG EQUITY (SMALL CAP) PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-START> JUL-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 8,591,190
<INVESTMENTS-AT-VALUE> 10,698,874
<RECEIVABLES> 78,329
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 10,777,203
<PAYABLE-FOR-SECURITIES> 0
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<OTHER-ITEMS-LIABILITIES> 25,921
<TOTAL-LIABILITIES> 25,921
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,458,313
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<SHARES-COMMON-PRIOR> 859,408
<ACCUMULATED-NII-CURRENT> 51,357
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 158,990
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,082,622
<NET-ASSETS> 10,751,282
<DIVIDEND-INCOME> 87,972
<INTEREST-INCOME> 47,814
<OTHER-INCOME> 0
<EXPENSES-NET> 84,429
<NET-INVESTMENT-INCOME> 51,357
<REALIZED-GAINS-CURRENT> 135,932
<APPREC-INCREASE-CURRENT> 773,223
<NET-CHANGE-FROM-OPS> 960,512
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 103,880
<DISTRIBUTIONS-OF-GAINS> 861,194
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 136,281
<NUMBER-OF-SHARES-REDEEMED> 277,498
<SHARES-REINVESTED> 74,878
<NET-CHANGE-IN-ASSETS> 946,837
<ACCUMULATED-NII-PRIOR> 103,880
<ACCUMULATED-GAINS-PRIOR> 884,252
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 97,499
<AVERAGE-NET-ASSETS> 10,893,998
<PER-SHARE-NAV-BEGIN> 13.61
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> 1.20
<PER-SHARE-DIVIDEND> 0.14
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.56
<EXPENSE-RATIO> 1.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT TO SHAREHOLDERS FOR THE LEGENDS FUND, INC. AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000890454
<NAME> THE LEGENDS FUND, INC.
<SERIES>
<NUMBER> 9
<NAME> PINNACLE FIXED INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-START> JUL-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 9,860,645
<INVESTMENTS-AT-VALUE> 9,953,132
<RECEIVABLES> 376,828
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 10,329,960
<PAYABLE-FOR-SECURITIES> 444,794
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 19,314
<TOTAL-LIABILITIES> 464,108
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,603,346
<SHARES-COMMON-STOCK> 915,770
<SHARES-COMMON-PRIOR> 940,767
<ACCUMULATED-NII-CURRENT> 281,315
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (111,296)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 92,487
<NET-ASSETS> 9,865,852
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 341,569
<OTHER-INCOME> 0
<EXPENSES-NET> 60,254
<NET-INVESTMENT-INCOME> 281,315
<REALIZED-GAINS-CURRENT> (12,823)
<APPREC-INCREASE-CURRENT> 168,854
<NET-CHANGE-FROM-OPS> 437,346
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 328,028
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 39,126
<NUMBER-OF-SHARES-REDEEMED> 94,530
<SHARES-REINVESTED> 30,407
<NET-CHANGE-IN-ASSETS> (162,270)
<ACCUMULATED-NII-PRIOR> 328,028
<ACCUMULATED-GAINS-PRIOR> (98,473)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 35,224
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 74,597
<AVERAGE-NET-ASSETS> 10,064,100
<PER-SHARE-NAV-BEGIN> 10.66
<PER-SHARE-NII> 0.31
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<PER-SHARE-NAV-END> 10.77
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<AVG-DEBT-OUTSTANDING> 0
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT TO SHAREHOLDERS FOR THE LEGENDS FUND, INC. AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000890454
<NAME> THE LEGENDS FUND, INC.
<SERIES>
<NUMBER> 10
<NAME> ARM CAPITAL ADVISORS MONEY MARKET PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-START> JUL-01-1996
<PERIOD-END> DEC-31-1996
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<ACCUMULATED-NII-CURRENT> 0
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<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 5,487,836
<DIVIDEND-INCOME> 0
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<EXPENSES-NET> 49,526
<NET-INVESTMENT-INCOME> 214,020
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<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 214,020
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 214,020
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,569,081
<NUMBER-OF-SHARES-REDEEMED> 15,151,597
<SHARES-REINVESTED> 214,505
<NET-CHANGE-IN-ASSETS> (3,368,011)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 64,182
<AVERAGE-NET-ASSETS> 9,905,200
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0
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<PER-SHARE-DISTRIBUTIONS> 0
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<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT TO SHAREHOLDERS FOR THE LEGENDS FUND, INC. AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000890454
<NAME> THE LEGENDS FUND, INC.
<SERIES>
<NUMBER> 11
<NAME> MORGAN STANLEY ASIAN GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-START> JUL-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 12,793,668
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 13,871,093
<PAYABLE-FOR-SECURITIES> 8,752
<SENIOR-LONG-TERM-DEBT> 0
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<ACCUMULATED-NET-GAINS> (40,935)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 931,275
<NET-ASSETS> 13,799,431
<DIVIDEND-INCOME> 95,949
<INTEREST-INCOME> 20,178
<OTHER-INCOME> 0
<EXPENSES-NET> 141,307
<NET-INVESTMENT-INCOME> (11,021)
<REALIZED-GAINS-CURRENT> 37,313
<APPREC-INCREASE-CURRENT> (119,118)
<NET-CHANGE-FROM-OPS> (92,826)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 96,799
<NUMBER-OF-SHARES-REDEEMED> 199,211
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,152,664)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (78,248)
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 70,653
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 195,361
<AVERAGE-NET-ASSETS> 14,130,664
<PER-SHARE-NAV-BEGIN> 10.86
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 0.03
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<EXPENSE-RATIO> 2.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
SEMI-ANNUAL REPORT TO SHAREHOLDERS FOR THE LEGENDS FUND, INC. AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000890454
<NAME> THE LEGENDS FUND, INC.
<SERIES>
<NUMBER> 12
<NAME> MORGAN STANLEY WORLDWIDE HIGH INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-START> JUL-01-1996
<PERIOD-END> DEC-31-1996
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 22,594
<TOTAL-LIABILITIES> 921,954
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,043,057
<SHARES-COMMON-STOCK> 592,279
<SHARES-COMMON-PRIOR> 515,009
<ACCUMULATED-NII-CURRENT> 292,501
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 197,929
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<ACCUM-APPREC-OR-DEPREC> 422,066
<NET-ASSETS> 6,955,553
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<NUMBER-OF-SHARES-SOLD> 148,879
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<SHARES-REINVESTED> 56,848
<NET-CHANGE-IN-ASSETS> 1,166,085
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<EXPENSE-RATIO> 1.85
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</TABLE>
