MAPLEWOOD INVESTMENT TRUST /MA/
NSAR-B, 1998-04-29
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<PAGE>      PAGE  1
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<PAGE>      PAGE  2
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  15
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<PAGE>      PAGE  17
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028 E010500       124
028 E020500         0
028 E030500         0
028 E040500        28
028 F010500      1190
028 F020500         0
028 F030500         0
028 F040500      1077
028 G010500      1555
028 G020500        13
028 G030500         0
028 G040500      1130
028 H000500       183
029  000500 Y
030 A000500     10
030 B000500  3.50
030 C000500  0.00
031 A000500      1
031 B000500      0
032  000500      8
033  000500      1
034  000500 N
035  000500      0
036 B000500      0
037  000500 N
038  000500      0
039  000500 N
040  000500 Y
041  000500 Y
042 A000500   0
042 B000500   0
042 C000500   0
042 D000500 100
042 E000500   0
042 F000500   0
042 G000500   0
042 H000500   0
043  000500     20
044  000500      0
045  000500 Y
<PAGE>      PAGE  20
046  000500 N
047  000500 Y
048  000500  0.875
048 A010500        0
048 A020500 0.000
048 B010500        0
048 B020500 0.000
048 C010500        0
048 C020500 0.000
048 D010500        0
048 D020500 0.000
048 E010500        0
048 E020500 0.000
048 F010500        0
048 F020500 0.000
048 G010500        0
048 G020500 0.000
048 H010500        0
048 H020500 0.000
048 I010500        0
048 I020500 0.000
048 J010500        0
048 J020500 0.000
048 K010500        0
048 K020500 0.000
055 A000500 Y
055 B000500 N
056  000500 Y
057  000500 N
058 A000500 N
059  000500 Y
060 A000500 N
060 B000500 N
061  000500     2000
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 Y
066 E000500 N
066 F000500 N
066 G000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 Y
070 C010500 Y
070 C020500 N
<PAGE>      PAGE  21
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 N
070 N020500 N
070 O010500 Y
070 O020500 Y
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500       849
071 B000500       417
071 C000500      3018
071 D000500   14
072 A000500 12
072 B000500        0
072 C000500       33
072 D000500        0
072 E000500        0
072 F000500       27
072 G000500       12
072 H000500        0
072 I000500       24
072 J000500        4
072 K000500        4
072 L000500        2
072 M000500        7
072 N000500        2
072 O000500        0
072 P000500        0
072 Q000500       24
<PAGE>      PAGE  22
072 R000500        8
072 S000500        5
072 T000500       20
072 U000500        9
072 V000500        0
072 W000500        6
072 X000500      154
072 Y000500       85
072 Z000500      -36
072AA000500      133
072BB000500      130
072CC010500     1012
072CC020500        0
072DD010500        0
072DD020500        0
072EE000500       14
073 A010500   0.0000
073 A020500   0.0000
073 B000500   0.0604
073 C000500   0.0000
074 A000500        7
074 B000500        0
074 C000500        0
074 D000500        0
074 E000500        0
074 F000500     3903
074 G000500        0
074 H000500        0
074 I000500       74
074 J000500       21
074 K000500        4
074 L000500       12
074 M000500       20
074 N000500     4041
074 O000500        0
074 P000500        0
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500       22
074 R040500       19
074 S000500        0
074 T000500     4000
074 U010500      246
074 U020500        0
074 V010500    16.27
074 V020500     0.00
074 W000500   0.0000
074 X000500      232
074 Y000500        0
075 A000500        0
<PAGE>      PAGE  23
075 B000500     3072
076  000500     0.00
SIGNATURE   JOHN F. SPLAIN                               
TITLE       SECRETARY           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000891522
<NAME> MAPLEWOOD INVESTMENT TRUST
<SERIES>
   <NUMBER> 22
   <NAME> THE CAROLINASFUND (INSTITUTIONAL SHARES)
       
<S>                             <C>
<PERIOD-TYPE>                 12-MOS
<FISCAL-YEAR-END>                          FEB-28-1998
<PERIOD-END>                               FEB-28-1998
<INVESTMENTS-AT-COST>                        3,608,671
<INVESTMENTS-AT-VALUE>                       5,252,343
<RECEIVABLES>                                   46,846
<ASSETS-OTHER>                                     291
<OTHER-ITEMS-ASSETS>                            19,002
<TOTAL-ASSETS>                               5,318,482
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       21,297
<TOTAL-LIABILITIES>                             21,297
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     3,703,005
<SHARES-COMMON-STOCK>                           65,753
<SHARES-COMMON-PRIOR>                           54,234
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (49,492)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,643,672
<NET-ASSETS>                                 1,172,074
<DIVIDEND-INCOME>                               81,120
<INTEREST-INCOME>                                8,020
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  90,475
<NET-INVESTMENT-INCOME>                         (1,335)
<REALIZED-GAINS-CURRENT>                         3,640
<APPREC-INCREASE-CURRENT>                    1,186,197
<NET-CHANGE-FROM-OPS>                        1,188,502
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         18,697
<NUMBER-OF-SHARES-REDEEMED>                      7,178
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         436,987
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (53,132)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           42,295
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                169,651
<AVERAGE-NET-ASSETS>                           916,041
<PER-SHARE-NAV-BEGIN>                            13.55
<PER-SHARE-NII>                                    .05
<PER-SHARE-GAIN-APPREC>                           4.23
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.83
<EXPENSE-RATIO>                                   1.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000891522
<NAME> MAPLEWOOD INVESTMENT TRUST
<SERIES>
   <NUMBER> 21
   <NAME> THE CAROLINASFUND (INVESTOR SHARES)
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          FEB-28-1998
<PERIOD-END>                               FEB-28-1998
<INVESTMENTS-AT-COST>                        3,608,671
<INVESTMENTS-AT-VALUE>                       5,252,343
<RECEIVABLES>                                   46,846
<ASSETS-OTHER>                                     291
<OTHER-ITEMS-ASSETS>                            19,002
<TOTAL-ASSETS>                               5,318,482
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       21,297
<TOTAL-LIABILITIES>                             21,297
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     3,703,005
<SHARES-COMMON-STOCK>                          235,937
<SHARES-COMMON-PRIOR>                          202,553
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (49,492)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,643,672
<NET-ASSETS>                                 4,125,111
<DIVIDEND-INCOME>                               81,120
<INTEREST-INCOME>                                8,020
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  90,475
<NET-INVESTMENT-INCOME>                         (1,335)
<REALIZED-GAINS-CURRENT>                         3,640
<APPREC-INCREASE-CURRENT>                    1,186,197
<NET-CHANGE-FROM-OPS>                        1,188,502
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         67,713
<NUMBER-OF-SHARES-REDEEMED>                     34,329
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       1,418,897           
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (53,132)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           42,295
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                169,651
<AVERAGE-NET-ASSETS>                         3,313,460
<PER-SHARE-NAV-BEGIN>                            13.36
<PER-SHARE-NII>                                   (.02)
<PER-SHARE-GAIN-APPREC>                           4.14
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.48
<EXPENSE-RATIO>                                   2.25
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000891522
<NAME> MAPLEWOOD INVESTMENT TRUST, A SERIES COMPANY
<SERIES>
   <NUMBER> 1
   <NAME> EAGLE EQUITY FUND
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          FEB-28-1998
<PERIOD-END>                               FEB-28-1998
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                       0
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                          133,287
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                5,765
<INTEREST-INCOME>                               12,524
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  32,447
<NET-INVESTMENT-INCOME>                        (14,158)
<REALIZED-GAINS-CURRENT>                     1,126,432
<APPREC-INCREASE-CURRENT>                     (738,943)
<NET-CHANGE-FROM-OPS>                          373,331
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     1,051,284
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,437   
<NUMBER-OF-SHARES-REDEEMED>                    223,651
<SHARES-REINVESTED>                             88,927
<NET-CHANGE-IN-ASSETS>                      (2,593,632)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (65,208)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           16,051
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                112,991
<AVERAGE-NET-ASSETS>                         1,605,147
<PER-SHARE-NAV-BEGIN>                            19.46
<PER-SHARE-NII>                                   (.12)
<PER-SHARE-GAIN-APPREC>                           4.83 
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        13.84
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.33
<EXPENSE-RATIO>                                   1.90
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000891522
<NAME> MAPLEWOOD INVESTMENT TRUST
<SERIES>
   <NUMBER> 51
   <NAME> MISSISSIPPI OPPORTUNITY FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          FEB-28-1998
<PERIOD-END>                               FEB-28-1998
<INVESTMENTS-AT-COST>                        2,752,159
<INVESTMENTS-AT-VALUE>                       3,977,203
<RECEIVABLES>                                   37,494
<ASSETS-OTHER>                                   6,534
<OTHER-ITEMS-ASSETS>                            19,794
<TOTAL-ASSETS>                               4,041,025
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       40,535
<TOTAL-LIABILITIES>                             40,535
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     2,780,259
<SHARES-COMMON-STOCK>                          245,912
<SHARES-COMMON-PRIOR>                          153,986
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          2,326
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,217,905
<NET-ASSETS>                                 4,000,490
<DIVIDEND-INCOME>                               33,454
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  69,454
<NET-INVESTMENT-INCOME>                        (36,000)
<REALIZED-GAINS-CURRENT>                         2,310
<APPREC-INCREASE-CURRENT>                    1,012,122
<NET-CHANGE-FROM-OPS>                          978,432
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        10,117
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        106,981
<NUMBER-OF-SHARES-REDEEMED>                     15,679
<SHARES-REINVESTED>                                624
<NET-CHANGE-IN-ASSETS>                       2,186,693
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       14,058
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           26,881
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                154,294
<AVERAGE-NET-ASSETS>                         2,222,192
<PER-SHARE-NAV-BEGIN>                            11.78
<PER-SHARE-NII>                                   (.13)
<PER-SHARE-GAIN-APPREC>                           4.68
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .06
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.27
<EXPENSE-RATIO>                                   2.12
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000891522
<NAME> MAPLEWOOD INVESTMENT TRUST
<SERIES>
   <NUMBER> 52
   <NAME> MISSISSIPPI OPPORTUNITY FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          FEB-28-1998
<PERIOD-END>                               FEB-28-1998
<INVESTMENTS-AT-COST>                        2,752,159
<INVESTMENTS-AT-VALUE>                       3,977,203
<RECEIVABLES>                                   37,494
<ASSETS-OTHER>                                   6,534
<OTHER-ITEMS-ASSETS>                            19,794
<TOTAL-ASSETS>                               4,041,025
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       40,535
<TOTAL-LIABILITIES>                             40,535
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     2,780,259
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                           58,703
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          2,326
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,217,905
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                               33,454
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  69,454
<NET-INVESTMENT-INCOME>                        (36,000)
<REALIZED-GAINS-CURRENT>                         2,310
<APPREC-INCREASE-CURRENT>                    1,012,122
<NET-CHANGE-FROM-OPS>                          978,432
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         3,925
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          8,656
<NUMBER-OF-SHARES-REDEEMED>                     67,582
<SHARES-REINVESTED>                                223
<NET-CHANGE-IN-ASSETS>                        (685,191)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       14,058
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           26,881
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                154,294
<AVERAGE-NET-ASSETS>                           849,955
<PER-SHARE-NAV-BEGIN>                            11.67
<PER-SHARE-NII>                                   (.19)
<PER-SHARE-GAIN-APPREC>                           4.62
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                          .06
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.04
<EXPENSE-RATIO>                                   2.62
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000891522
<NAME> MAPLEWOOD INVESTMENT TRUST
<SERIES>
   <NUMBER> 31
   <NAME> REGIONAL OPPORTUNITY FUND: OHIO INDIANA KENTUCKY CLASS
A
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          FEB-28-1998
<PERIOD-END>                               FEB-28-1998
<INVESTMENTS-AT-COST>                        3,859,065
<INVESTMENTS-AT-VALUE>                       4,933,733
<RECEIVABLES>                                   19,297
<ASSETS-OTHER>                                     644
<OTHER-ITEMS-ASSETS>                            21,397
<TOTAL-ASSETS>                               4,975,071
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        9,637
<TOTAL-LIABILITIES>                              9,637
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     3,962,467
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                           44,111
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (71,701)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,074,668
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                               14,977
<INTEREST-INCOME>                               16,295
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  71,993
<NET-INVESTMENT-INCOME>                        (40,721)
<REALIZED-GAINS-CURRENT>                       (20,541)
<APPREC-INCREASE-CURRENT>                      946,951
<NET-CHANGE-FROM-OPS>                          885,689
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          4,966
<NUMBER-OF-SHARES-REDEEMED>                     49,077
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        (502,116)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                      (51,160)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           34,737
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                158,741
<AVERAGE-NET-ASSETS>                           366,092
<PER-SHARE-NAV-BEGIN>                            11.38
<PER-SHARE-NII>                                   (.06)
<PER-SHARE-GAIN-APPREC>                           2.19
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.51 
<EXPENSE-RATIO>                                   1.94
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000891522
<NAME> MAPLEWOOD INVESTMENT TRUST
<SERIES>
   <NUMBER> 32
   <NAME> REGIONAL OPPORTUNITY FUND: OHIO INDIANA KENTUCKY CLASS
B
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          FEB-28-1998
<PERIOD-END>                               FEB-28-1998
<INVESTMENTS-AT-COST>                        3,859,065
<INVESTMENTS-AT-VALUE>                       4,933,733
<RECEIVABLES>                                   19,297
<ASSETS-OTHER>                                     644
<OTHER-ITEMS-ASSETS>                            21,397
<TOTAL-ASSETS>                               4,975,071
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