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<PAGE> PAGE 21
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<PAGE> PAGE 22
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015 A000801 CORESTATES BANK, N.A.
015 B000801 C
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<PAGE> PAGE 23
015 E010801 X
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<PAGE> PAGE 24
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069 000800 N
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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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<PAGE> PAGE 28
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015 A001001 CORESTATES BANK, N.A.
015 B001001 C
015 C011001 PHILADELPHIA
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028 A011000 4736
<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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015 A001101 CORESTATES BANK, N.A.
015 B001101 C
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<PAGE> PAGE 32
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015 A001201 CORESTATES BANK, N.A.
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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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015 A001301 CORESTATES BANK, N.A.
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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015 A001401 CORESTATES BANK, N.A.
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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SIGNATURE JEFFREY A. COHEN
TITLE CONTROLLER
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
<NUMBER> 040
<NAME> GLOBAL FIXED INCOME FUND TRUST CLASS
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
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</TABLE>
<TABLE> <S> <C>
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<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
<NUMBER> 041
<NAME> GLOBAL FIXED INCOME FUND INVESTOR CLASS
<MULTIPLIER> 1,000
<S> <C>
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<NET-INVESTMENT-INCOME> 405
<REALIZED-GAINS-CURRENT> 39
<APPREC-INCREASE-CURRENT> (752)
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<PER-SHARE-NAV-BEGIN> 10.56
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
<NUMBER> 060
<NAME> BALANCED TRUST
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
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<INVESTMENTS-AT-COST> 50925
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<NET-INVESTMENT-INCOME> 879
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<PER-SHARE-DIVIDEND> (0.17)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
<NUMBER> 061
<NAME> BALANCED INVESTOR
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 50925
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
<NUMBER> 070
<NAME> VALUE TRUST
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
<NUMBER> 071
<NAME> VALUE INVESTOR
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
<NUMBER> 080
<NAME> GROWTH TRUST
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
<NUMBER> 081
<NAME> GROWTH INVESTOR
<MULTIPLIER> 1,000
<S> <C>
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<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
<NUMBER> 090
<NAME> SMALL CAP TRUST
<MULTIPLIER> 1,000
<S> <C>
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<NAME> REMBRANDT FUNDS
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<TABLE> <S> <C>
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<SERIES>
<NUMBER> 160
<NAME> TAX EXEMPT MONEY MARKET TRUST
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<S> <C>
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<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
<NUMBER> 161
<NAME> TAX EXEMPT MONEY MARKET INVESTOR
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
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<INVESTMENTS-AT-VALUE> 148998
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72C
Matters submitted to a vote of security holders:
"There was a special meeting of shareholders held on April 29, 1996 at which
shareholders ""of the Fixed Income Funds, Equity Funds and Balanced Fund"
"(each a ""Fund"", and together the ""Funds"") voted on a series of proposals."
Each proposal is set forth below.
1. Proposal to amend each Fund's fundamental investment limitation concerning
investment in real estate and commodities to clarify each Fund's ability to
invest in commodities contracts relating to financial instruments and in
marketable securities issued by companies that invest in real estate or
commodities contracts.
2. Proposal to reclassify each Fund's fundamental limitation concerning short
sales and margin sales and amend the limitation to clarify each Fund's
ability to make short sales and margin sales and to use margin accounts in
connection with options and futures contracts.
"3. Proposal to eliminate each Fund's fundamental limitation concerning puts,
calls, options" or combinations thereof.
4. Proposal to amend each Fund's fundamental investment limitation concerning
borrowing to enhance each Fund's ability to borrow money.
"5. Proposal to reclassify each Fund's fundamental investment limitation
concerning pledging," mortgaging or hypothecating assets and amending the
limitation to clarify each Fund's ability to make good faith margin deposits
in connection with options and futures contracts.
6. Proposal to reclassify each Fund's fundamental investment limitation
concerning investment in securities of investment companies as a
non-fundamental policy and to amend certain language to clarify the
non-fundamental policy.
