<PAGE> PAGE 1
000 B000000 02/28/94
000 C000000 0000891522
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 AMELIA EARHART EAGLE INVESTMENTS
001 B000000 811-7160
001 C000000 9199729922
002 A000000 105 NORTH WASHINGTON STREET
002 B000000 ROCKY MOUNT
002 C000000 NC
002 D010000 27802
002 D020000 0069
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 EAGLE EQUITY SERIES
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
013 A00AA01 KPMG PEAT MARWICK
013 B01AA01 RICHMOND
013 B02AA01 VA
013 B03AA01 23219
013 B04AA01 4023
015 A00AA01 WACHOVIA BANK OF NORTH CAROLINA, N.A.
015 B00AA01 C
015 C01AA01 WINSTON-SALEM
015 C02AA01 NC
015 C03AA01 27102
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 DONALDSON, LUKKIN, JENRETTE SECURITIES
020 C000001 3
<PAGE> PAGE 2
020 A000002 MURIEL SIEBERT
020 C000002 1
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 4
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
022 C000010 0
022 D000010 0
023 C000000 0
023 D000000 0
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
<PAGE> PAGE 3
077 I000000 N
077 J000000 N
077 K000000 Y
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
011 A000101 CAPITAL INVESTMENT GROUP, INC.
011 B000101 8-14752
011 C010101 RALEIGH
011 C020101 NC
011 C030101 27603
024 000100 N
028 A010100 0
028 A020100 0
028 A030100 0
028 A040100 0
028 B010100 0
028 B020100 0
028 B030100 0
028 B040100 0
028 C010100 0
028 C020100 0
028 C030100 0
028 C040100 0
028 D010100 0
028 D020100 0
028 D030100 0
028 D040100 0
028 E010100 0
028 E020100 0
028 E030100 0
028 E040100 0
028 F010100 100
<PAGE> PAGE 4
028 F020100 0
028 F030100 0
028 F040100 0
028 G010100 100
028 G020100 0
028 G030100 0
028 G040100 0
028 H000100 0
029 000100 N
030 A000100 0
030 B000100 0.00
030 C000100 0.00
034 000100 N
035 000100 0
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 N
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 0
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 1.000
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
<PAGE> PAGE 5
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 Y
053 B000100 N
053 C000100 Y
054 A000100 N
054 B000100 N
054 C000100 N
054 D000100 N
054 E000100 N
054 F000100 N
054 G000100 N
054 H000100 N
054 I000100 N
054 J000100 N
054 K000100 N
054 L000100 N
054 M000100 N
054 N000100 N
054 O000100 N
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 2500
062 A000100 N
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
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
<PAGE> PAGE 6
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
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 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 177
<PAGE> PAGE 7
071 B000100 57
071 C000100 184
071 D000100 48
072 A000100 12
072 B000100 1
072 C000100 1
072 D000100 0
072 E000100 0
072 F000100 2
072 G000100 0
072 H000100 0
072 I000100 1
072 J000100 4
072 K000100 0
072 L000100 3
072 M000100 0
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 21
072 R000100 0
072 S000100 0
072 T000100 0
072 U000100 8
072 V000100 0
072 W000100 6
072 X000100 45
072 Y000100 42
072 Z000100 -1
072AA000100 2
072BB000100 0
072CC010100 43
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 3
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.1700
073 C000100 0.0000
074 A000100 0
074 B000100 50
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 166
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
<PAGE> PAGE 8
074 L000100 0
074 M000100 32
074 N000100 248
074 O000100 0
074 P000100 4
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 0
074 S000100 0
074 T000100 244
074 U010100 20
074 U020100 0
074 V010100 12.25
074 V020100 0.00
074 W000100 0.0000
074 X000100 2
074 Y000100 122
075 A000100 0
075 B000100 184
076 000100 0.00
080 A000100 ICI MUTUAL INSURANCE COMPANY
080 C000100 1825
081 A000100 Y
081 B000100 19
082 A000100 N
082 B000100 0
083 A000100 N
083 B000100 0
084 A000100 N
084 B000100 0
085 A000100 N
SIGNATURE FRANK P. MEADOWS III
TITLE ADMINISTRATOR
AMELIA EARHART EAGLE INVESTMENTS
CHANGE OF REGISTRANTS CERTIFYING ACCOUNTANTS
304(a)(1)(i)
Tait, Weller & Baker, the former principal accountant to the
registrant, resigned effective March 24, 1994.
304(a)(1)(ii)
The initial balance sheet as of February 18, 1993 contained no
adverse opinion or a disclaimer of opinion, nor were they qualified
or modified as to uncertainty, audit scope, or accounting
principles.
304(a)(1)(iii)
The change of accountants did not result from a recommendation by
the Audit Committee or the Trustees but by the resignation of Tait,
Weller & Baker. The selection of the new accountants was
recommended by the Audit Committee and approved by the Trustees as
more fully provided below.
304(a)(1(iv)
During the registrant's most recent fiscal year ended (February 28,
1994), there were no disagreements with the former accountants,
Tait, Weller & Baker, on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedure.
304(a)(1)(v)
No information required
304(a)(2)
KPMG Peat Marwick has been selected to audit the registrant's
accounts and records for the fiscal year ended February 28, 1994.
304(a)(2)(i)
There were no discussions relating to the application of accounting
principles to a specific transaction either completed or proposed
or the type of audit opinion that might be rendered on the
registrant's financial statements on the previous fiscal year ended
February 28, 1994.
304(a)(2)(ii)
No matter to report.
304(b)
No disagreement of the type described in paragraph (a)(1)(iv) or
any reportable event as described in paragraph (a)(1)(v) to report.
TAIT, WELLER & BAKER
CERTIFIED PUBLIC ACCOUNTANTS
May 13, 1994
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20546
Gentlemen:
We have read Amelia Earhart Eagle Investments' (the "Fund")
statement in response to Item 77K of Form N-SAR (Change of
Registrants Certifying Accountants) regarding the information
required by Item 304(a) of Regulation S-K. We are in agreement
with the information furnished by the Fund in response to Item
304(a) of Regulation S-K.
Sincerely,
James F. Mahoney
For Tait, Weller & Baker
JFM/mc
