REMBRANDT FUNDS
NSAR-B, 1996-02-27
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<PAGE>      PAGE  1
000 B000000 12/31/95
000 C000000 0000892567
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 REMBRANDT FUNDS
001 B000000 811-7244
001 C000000 8003425734
002 A000000 2 OLIVER STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02109
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 17
007 C010100  1
007 C020100 FIXED INCOME FUND
007 C030100 N
007 C010200  2
007 C020200 INTERMEDIATE GOVERNMENT FIXED INCOME
007 C030200 N
007 C010300  3
007 C020300 TAX EXEMPT FIXED INCOME FUND
007 C030300 N
007 C010400  4
007 C020400 GLOBAL FIXED INCOME FUND
007 C030400 N
007 C010500  5
007 C020500 LIMITED VOLATITLITY FIXED INCOME FUND
007 C030500 N
007 C010600  6
007 C020600 BALANCED FUND
007 C030600 N
007 C010700  7
007 C020700 VALUE FUND
007 C030700 N
007 C010800  8
007 C020800 GROWTH FUND
007 C030800 N
007 C010900  9
007 C020900 SMALL CAP FUND
007 C030900 N
007 C011000 10
007 C021000 INTERNATIONAL EQUITY FUND
<PAGE>      PAGE  2
007 C031000 N
007 C011100 11
007 C021100 TRANS EUROPE FUND
007 C031100 N
007 C011200 12
007 C021200 ASIAN TIGERS FUND
007 C031200 N
007 C011300 13
007 C021300 TREASURY MONEY MARKET FUND
007 C031300 N
007 C011400 14
007 C021400 GOVERNMENT MONEY MARKET FUND
007 C031400 N
007 C011500 15
007 C021500 MONEY MARKET FUND
007 C031500 N
007 C011600 16
007 C021600 TAX EXEMPT MONEY MARKET FUND
007 C031600 N
007 C011700 17
007 C021700 LATIN AMERICA EQUITY FUND
007 C031700 N
007 C011800 18
007 C011900 19
007 C012000 20
020 A000001 BEAR STEARNS
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020 C000001     69
020 A000002 BARING
020 C000002     68
020 A000003 DAIWA
020 B000003 13-5680329
020 C000003     68
020 A000004 HOARE GOVETT
020 C000004     54
020 A000005 JEFFRIES & COMPANY
020 B000005 95-2622900
020 C000005     46
020 A000006 PAINE WEBBER
020 B000006 13-2760086
020 C000006     45
020 A000007 MESIROW CAPITAL, INC.
020 B000007 36-3194849
020 C000007     31
020 A000008 WEEDEN & COMPANY, INC.
020 B000008 13-3364318
020 C000008     27
020 A000009 LYNCH, JONES & RYAN
020 B000009 13-3356934
020 C000009     24
020 A000010 EXECUTION SERVICES
<PAGE>      PAGE  3
020 B000010 13-2862329
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022 D000003     45910
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022 C000004    700906
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022 A000005 CHEMICAL
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022 A000007 SALOMON BROTHERS
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022 C000007    266039
022 D000007     45765
022 A000008 ZIONS BANK
022 B000008 75-1565705
022 C000008    241985
022 D000008         0
022 A000009 BANK OF AMERICA
022 B000009 94-1687665
022 C000009    215471
022 D000009         0
022 A000010 J.P. MORGAN
022 B000010 13-3224016
022 C000010     61768
022 D000010     77334
023 C000000    8105313
023 D000000    3860657
077 A000000 Y
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080 A00AA00 CONTINENTAL CASUALTY COMPANY
080 B00AA00 RELIANCE INSURANCE COMPANY
080 C00AA00    35000
081 A00AA00 Y
<PAGE>      PAGE  4
081 B00AA00 277
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<PAGE>      PAGE  5
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066 A000100 N
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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074 V020100    10.35
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076  000100     0.00
024  000200 Y
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<PAGE>      PAGE  8
028 E040200      1030
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032  000200     27
033  000200      0
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042 E000200   0
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042 G000200   0
042 H000200   0
043  000200      7
044  000200      0
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062 D000200   0.8
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062 F000200   0.0
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062 H000200   0.0
062 I000200   0.0
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062 K000200   0.0
062 L000200   0.8
062 M000200  41.2
062 N000200  57.2
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200  4.1
066 A000200 N
067  000200 N
068 A000200 N
<PAGE>      PAGE  9
068 B000200 N
069  000200 N
071 A000200     81023
071 B000200     81055
071 C000200     70156
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072 A000200 12
072 B000200     5092
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072 N000200       -3
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072 Z000200     4483
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072CC010200     5923
072CC020200        0
072DD010200     4360
072DD020200      151
072EE000200        0
073 A010200   0.5430
073 A020200   0.5180
073 B000200   0.0000
073 C000200   0.0000
074 A000200        0
074 B000200      661
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<PAGE>      PAGE  10
074 I000200        0
074 J000200        0
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074 M000200      586
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074 O000200        0
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074 T000200    76412
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074 U020200      293
074 V010200    10.06
074 V020200    10.05
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075 A000200    81950
075 B000200     0.00
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024  000300 N
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028 A040300      1171
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028 F030300         0
028 F040300       702
<PAGE>      PAGE  11
028 G010300      1970
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028 G030300         0
028 G040300      4878
028 H000300         6
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030 B000300  4.50
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032  000300      8
033  000300      0
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042 D000300 100
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043  000300      3
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066 A000300 N
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
030 B000400  4.50
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064 A000400 N
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067  000400 N
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<PAGE>      PAGE  15
070 E010400 Y
070 E020400 N
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070 F020400 N
070 G010400 Y
070 G020400 N
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070 I010400 N
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070 K020400 N
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070 L020400 Y
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
062 A000500 N
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<PAGE>      PAGE  18
074 X000500        0
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<PAGE>      PAGE  38
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<PAGE>      PAGE  39
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062 O001300   0.0
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062 Q001300   0.0
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066 A001300 N
067  001300 N
068 A001300 N
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<PAGE>      PAGE  40
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<PAGE>      PAGE  41
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<PAGE>      PAGE  42
063 A001400  44
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<PAGE>      PAGE  43
074 D001400        0
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075 A001400   188305
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025 A001501 NOMURA SECURITIES
025 B001501 13-2642206
025 C001501 D
025 D001501   42658
025 A001502 BANK OF NOVA SCOTIA
025 C001502 D
025 D001502    8000
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028 A041500     52735
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<PAGE>      PAGE  44
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042 F001500   0
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063 B001500  0.0
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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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<PAGE>      PAGE  49
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<PAGE>      PAGE  50
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SIGNATURE   JEFFREY A. COHEN                             
TITLE       CONTROLLER          
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 011
   <NAME> FIXED INCOME FUND TRUST CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
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<PERIOD-END>                               DEC-31-1995
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<OTHER-INCOME>                                       0
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<NUMBER-OF-SHARES-REDEEMED>                    (19953)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 012
   <NAME> FIXED INCOME FUND INVESTOR CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
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<INVESTMENTS-AT-VALUE>                          124726
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<SHARES-COMMON-STOCK>                               62
<SHARES-COMMON-PRIOR>                               47
<ACCUMULATED-NII-CURRENT>                            1
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<ACCUMULATED-NET-GAINS>                         (4198)
<OVERDISTRIBUTION-GAINS>                             0
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (841)
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<NET-CHANGE-FROM-OPS>                            18154
<EQUALIZATION>                                   21980
<DISTRIBUTIONS-OF-INCOME>                         (29)
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                            232
<NUMBER-OF-SHARES-REDEEMED>                      (103)
<SHARES-REINVESTED>                                 25
<NET-CHANGE-IN-ASSETS>                             154
<ACCUMULATED-NII-PRIOR>                             10
<ACCUMULATED-GAINS-PRIOR>                       (5315)
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<OVERDIST-NET-GAINS-PRIOR>                           0
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<AVERAGE-NET-ASSETS>                            113216
<PER-SHARE-NAV-BEGIN>                             9.32
<PER-SHARE-NII>                                    .55
<PER-SHARE-GAIN-APPREC>                           1.04
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<PER-SHARE-NAV-END>                              10.35
<EXPENSE-RATIO>                                    .99
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 021
   <NAME> INTERMEDIATE GOVERNMENT FIXED INCOME FUND TRUST CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            74897
<INVESTMENTS-AT-VALUE>                           75826
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                     586
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   76412
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         77936
<SHARES-COMMON-STOCK>                             7305
<SHARES-COMMON-PRIOR>                             9754
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                             (3)
<ACCUMULATED-NET-GAINS>                         (2450)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           929
<NET-ASSETS>                                     76412
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 5092
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (609)
<NET-INVESTMENT-INCOME>                           4483
<REALIZED-GAINS-CURRENT>                           345
<APPREC-INCREASE-CURRENT>                         5923
<NET-CHANGE-FROM-OPS>                            10751
<EQUALIZATION>                                 (21963)
<DISTRIBUTIONS-OF-INCOME>                       (4360)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           8766
<NUMBER-OF-SHARES-REDEEMED>                    (32350)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         (23584)
<ACCUMULATED-NII-PRIOR>                             25
<ACCUMULATED-GAINS-PRIOR>                       (2795)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              564
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    691
<AVERAGE-NET-ASSETS>                             81992
<PER-SHARE-NAV-BEGIN>                             9.33
<PER-SHARE-NII>                                    .54
<PER-SHARE-GAIN-APPREC>                            .73
<PER-SHARE-DIVIDEND>                             (.54)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.06
<EXPENSE-RATIO>                                    .73
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 022
   <NAME> INTERMEDIATE GOVERNMENT FIXED INCOME INVESTOR CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            74897
<INVESTMENTS-AT-VALUE>                           75826
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                     586
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   76412
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         77936
<SHARES-COMMON-STOCK>                              293
<SHARES-COMMON-PRIOR>                              122
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                             (3)
<ACCUMULATED-NET-GAINS>                         (2450)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           929
<NET-ASSETS>                                     76412
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 5092
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (609)
<NET-INVESTMENT-INCOME>                           4483
<REALIZED-GAINS-CURRENT>                           345
<APPREC-INCREASE-CURRENT>                         5923
<NET-CHANGE-FROM-OPS>                            10751
<EQUALIZATION>                                 (21963)
<DISTRIBUTIONS-OF-INCOME>                        (151)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2015
<NUMBER-OF-SHARES-REDEEMED>                      (534)
<SHARES-REINVESTED>                                140
<NET-CHANGE-IN-ASSETS>                            1621
<ACCUMULATED-NII-PRIOR>                             25
<ACCUMULATED-GAINS-PRIOR>                       (2795)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              564
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    691
<AVERAGE-NET-ASSETS>                             81992
<PER-SHARE-NAV-BEGIN>                             9.32
<PER-SHARE-NII>                                    .49
<PER-SHARE-GAIN-APPREC>                            .76
<PER-SHARE-DIVIDEND>                             (.52)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.05
<EXPENSE-RATIO>                                    .98
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 031
   <NAME> TAX-EXEMPT FIXED INCOME TRUST CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            48210
<INVESTMENTS-AT-VALUE>                           50532
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                     678
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   51210
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         51414
<SHARES-COMMON-STOCK>                             4909
<SHARES-COMMON-PRIOR>                             5788
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                             (1)
<ACCUMULATED-NET-GAINS>                         (2525)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2322
<NET-ASSETS>                                     51210
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 2926
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (396)
<NET-INVESTMENT-INCOME>                           2530
<REALIZED-GAINS-CURRENT>                           318
<APPREC-INCREASE-CURRENT>                         4825
<NET-CHANGE-FROM-OPS>                             7673
<EQUALIZATION>                                  (8565)
<DISTRIBUTIONS-OF-INCOME>                       (2491)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           3761
<NUMBER-OF-SHARES-REDEEMED>                    (12289)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          (8528)
<ACCUMULATED-NII-PRIOR>                             14
<ACCUMULATED-GAINS-PRIOR>                       (2843)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              379
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    461
<AVERAGE-NET-ASSETS>                             52295
<PER-SHARE-NAV-BEGIN>                             9.26
<PER-SHARE-NII>                                    .48
<PER-SHARE-GAIN-APPREC>                            .94
<PER-SHARE-DIVIDEND>                             (.48)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.20
<EXPENSE-RATIO>                                    .75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 032
   <NAME> TAX-EXEMPT FIXED INCOME INVESTOR CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            48210
<INVESTMENTS-AT-VALUE>                           50532
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                     678
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   51210
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         51414
<SHARES-COMMON-STOCK>                              111
<SHARES-COMMON-PRIOR>                              115
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                             (1)
<ACCUMULATED-NET-GAINS>                         (2525)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          2322
<NET-ASSETS>                                     51210
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 2926
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (396)
<NET-INVESTMENT-INCOME>                           2530
<REALIZED-GAINS-CURRENT>                           318
<APPREC-INCREASE-CURRENT>                         4825
<NET-CHANGE-FROM-OPS>                             7673
<EQUALIZATION>                                  (8565)
<DISTRIBUTIONS-OF-INCOME>                         (54)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            203
<NUMBER-OF-SHARES-REDEEMED>                      (288)
<SHARES-REINVESTED>                                 48
<NET-CHANGE-IN-ASSETS>                            (37)
<ACCUMULATED-NII-PRIOR>                             14
<ACCUMULATED-GAINS-PRIOR>                       (2843)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              379
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    461
<AVERAGE-NET-ASSETS>                             52295
<PER-SHARE-NAV-BEGIN>                             9.24
<PER-SHARE-NII>                                    .43
<PER-SHARE-GAIN-APPREC>                            .97
<PER-SHARE-DIVIDEND>                             (.46)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.18
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 041
   <NAME> GLOBAL FIXED INCOME FUND TRUST CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            13959
<INVESTMENTS-AT-VALUE>                           14907
<RECEIVABLES>                                      463
<ASSETS-OTHER>                                    3771
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   19141
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1583
<TOTAL-LIABILITIES>                               1583
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         16766
<SHARES-COMMON-STOCK>                             1648
<SHARES-COMMON-PRIOR>                             1574
<ACCUMULATED-NII-CURRENT>                          218
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (393)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           967
<NET-ASSETS>                                     17558
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 1214
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (192)
<NET-INVESTMENT-INCOME>                           1022
<REALIZED-GAINS-CURRENT>                          1020
<APPREC-INCREASE-CURRENT>                         1220
<NET-CHANGE-FROM-OPS>                             3262
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (1582)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            453
<NUMBER-OF-SHARES-REDEEMED>                      (379)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                            2412
<ACCUMULATED-NII-PRIOR>                             35
<ACCUMULATED-GAINS-PRIOR>                        (660)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              140
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    202
<AVERAGE-NET-ASSETS>                             17439
<PER-SHARE-NAV-BEGIN>                             9.54
<PER-SHARE-NII>                                    .62
<PER-SHARE-GAIN-APPREC>                           1.38
<PER-SHARE-DIVIDEND>                             (.96)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.58
<EXPENSE-RATIO>                                   1.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 042
   <NAME> GLOBAL FIXED INCOME FUND INVESTOR CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            13959
<INVESTMENTS-AT-VALUE>                           14907
<RECEIVABLES>                                      463
<ASSETS-OTHER>                                    3771
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   19141
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1583
<TOTAL-LIABILITIES>                               1583
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         16766
<SHARES-COMMON-STOCK>                               12
<SHARES-COMMON-PRIOR>                                9
<ACCUMULATED-NII-CURRENT>                          218
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (393)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           967
<NET-ASSETS>                                     17558
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 1214
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (192)
<NET-INVESTMENT-INCOME>                           1022
<REALIZED-GAINS-CURRENT>                          1020
<APPREC-INCREASE-CURRENT>                         1220
<NET-CHANGE-FROM-OPS>                             3262
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (10)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              5
<NUMBER-OF-SHARES-REDEEMED>                        (3)
<SHARES-REINVESTED>                                  1
<NET-CHANGE-IN-ASSETS>                              38
<ACCUMULATED-NII-PRIOR>                             35
<ACCUMULATED-GAINS-PRIOR>                        (660)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              140
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    202
<AVERAGE-NET-ASSETS>                             17439
<PER-SHARE-NAV-BEGIN>                             9.53
<PER-SHARE-NII>                                    .52
<PER-SHARE-GAIN-APPREC>                           1.45
<PER-SHARE-DIVIDEND>                             (.94)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.56
<EXPENSE-RATIO>                                   1.35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 061
   <NAME> BALANCED FUND TRUST CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            43703
<INVESTMENTS-AT-VALUE>                           49110
<RECEIVABLES>                                     5576
<ASSETS-OTHER>                                     339
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   55025
<PAYABLE-FOR-SECURITIES>                        (1147)
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         (30)
<TOTAL-LIABILITIES>                             (1177)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         47560
<SHARES-COMMON-STOCK>                             4643
<SHARES-COMMON-PRIOR>                             7561
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            883
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          5405
<NET-ASSETS>                                     53848
<DIVIDEND-INCOME>                                 1341
<INTEREST-INCOME>                                 1681
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (600)
<NET-INVESTMENT-INCOME>                           2422
<REALIZED-GAINS-CURRENT>                          3342
<APPREC-INCREASE-CURRENT>                         7291
<NET-CHANGE-FROM-OPS>                            13055
<EQUALIZATION>                                 (29662)
<DISTRIBUTIONS-OF-INCOME>                       (2309)
<DISTRIBUTIONS-OF-GAINS>                        (1941)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          24298
<NUMBER-OF-SHARES-REDEEMED>                    (54617)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         (30319)
<ACCUMULATED-NII-PRIOR>                             17
<ACCUMULATED-GAINS-PRIOR>                        (373)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              454
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    600
<AVERAGE-NET-ASSETS>                             64873
<PER-SHARE-NAV-BEGIN>                             9.53
<PER-SHARE-NII>                                    .39
<PER-SHARE-GAIN-APPREC>                           1.65
<PER-SHARE-DIVIDEND>                             (.39)
<PER-SHARE-DISTRIBUTIONS>                        (.43)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.75
<EXPENSE-RATIO>                                    .92
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 062
   <NAME> BALANCED FUND INVESTOR CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            43703
<INVESTMENTS-AT-VALUE>                           49110
<RECEIVABLES>                                     5576
<ASSETS-OTHER>                                     339
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   55025
<PAYABLE-FOR-SECURITIES>                        (1147)
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         (30)
<TOTAL-LIABILITIES>                             (1177)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         47560
<SHARES-COMMON-STOCK>                              367
<SHARES-COMMON-PRIOR>                              304
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            883
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          5405
<NET-ASSETS>                                     53848
<DIVIDEND-INCOME>                                 1341
<INTEREST-INCOME>                                 1681
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (600)
<NET-INVESTMENT-INCOME>                           2422
<REALIZED-GAINS-CURRENT>                          3342
<APPREC-INCREASE-CURRENT>                         7291
<NET-CHANGE-FROM-OPS>                            13055
<EQUALIZATION>                                 (29662)
<DISTRIBUTIONS-OF-INCOME>                        (122)
<DISTRIBUTIONS-OF-GAINS>                         (153)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1133
<NUMBER-OF-SHARES-REDEEMED>                      (746)
<SHARES-REINVESTED>                                270
<NET-CHANGE-IN-ASSETS>                             657
<ACCUMULATED-NII-PRIOR>                             17
<ACCUMULATED-GAINS-PRIOR>                        (373)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              454
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    600
<AVERAGE-NET-ASSETS>                             64873
<PER-SHARE-NAV-BEGIN>                             9.53
<PER-SHARE-NII>                                    .34
<PER-SHARE-GAIN-APPREC>                           1.67
<PER-SHARE-DIVIDEND>                             (.36)
<PER-SHARE-DISTRIBUTIONS>                        (.43)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.75
<EXPENSE-RATIO>                                   1.22
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 071
   <NAME> VALUE FUND TRUST CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                           115057
<INVESTMENTS-AT-VALUE>                          131400
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                    1340
<OTHER-ITEMS-ASSETS>                                 0
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<PAID-IN-CAPITAL-COMMON>                        115197
<SHARES-COMMON-STOCK>                            10701
<SHARES-COMMON-PRIOR>                             6285
<ACCUMULATED-NII-CURRENT>                            0
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<ACCUMULATED-NET-GAINS>                           1201
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<ACCUM-APPREC-OR-DEPREC>                         16343
<NET-ASSETS>                                    132740
<DIVIDEND-INCOME>                                 3617
<INTEREST-INCOME>                                  446
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (1035)
<NET-INVESTMENT-INCOME>                           3028
<REALIZED-GAINS-CURRENT>                          3456
<APPREC-INCREASE-CURRENT>                        20121
<NET-CHANGE-FROM-OPS>                            26605
<EQUALIZATION>                                   49689
<DISTRIBUTIONS-OF-INCOME>                       (3032)
<DISTRIBUTIONS-OF-GAINS>                        (2748)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          63103
<NUMBER-OF-SHARES-REDEEMED>                    (13942)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           49161
<ACCUMULATED-NII-PRIOR>                             34
<ACCUMULATED-GAINS-PRIOR>                          524
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              789
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1035
<AVERAGE-NET-ASSETS>                             98587
<PER-SHARE-NAV-BEGIN>                             9.79
<PER-SHARE-NII>                                    .34
<PER-SHARE-GAIN-APPREC>                           2.74
<PER-SHARE-DIVIDEND>                             (.35)
<PER-SHARE-DISTRIBUTIONS>                        (.26)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.26
<EXPENSE-RATIO>                                   1.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 072
   <NAME> VALUE FUND INVESTOR CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                           115057
<INVESTMENTS-AT-VALUE>                          131400
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                    1340
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  132740
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        115197
<SHARES-COMMON-STOCK>                              122
<SHARES-COMMON-PRIOR>                               75
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                             (1)
<ACCUMULATED-NET-GAINS>                           1201
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         16343
<NET-ASSETS>                                    132740
<DIVIDEND-INCOME>                                 3617
<INTEREST-INCOME>                                  446
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  (1035)
<NET-INVESTMENT-INCOME>                           3028
<REALIZED-GAINS-CURRENT>                          3456
<APPREC-INCREASE-CURRENT>                        20121
<NET-CHANGE-FROM-OPS>                            26605
<EQUALIZATION>                                   49689
<DISTRIBUTIONS-OF-INCOME>                         (31)
<DISTRIBUTIONS-OF-GAINS>                          (31)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            642
<NUMBER-OF-SHARES-REDEEMED>                      (176)
<SHARES-REINVESTED>                                 62
<NET-CHANGE-IN-ASSETS>                             528
<ACCUMULATED-NII-PRIOR>                             34
<ACCUMULATED-GAINS-PRIOR>                          524
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              789
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1035
<AVERAGE-NET-ASSETS>                             98587
<PER-SHARE-NAV-BEGIN>                             9.80
<PER-SHARE-NII>                                    .32
<PER-SHARE-GAIN-APPREC>                           2.74
<PER-SHARE-DIVIDEND>                             (.32)
<PER-SHARE-DISTRIBUTIONS>                        (.26)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.28
<EXPENSE-RATIO>                                   1.33
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 081
   <NAME> GROWTH FUND TRUST CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            70836
<INVESTMENTS-AT-VALUE>                           80796
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                     101
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   80897
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         69721
<SHARES-COMMON-STOCK>                             6739
<SHARES-COMMON-PRIOR>                             8504
<ACCUMULATED-NII-CURRENT>                            1
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           1215
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          9960
<NET-ASSETS>                                     80897
<DIVIDEND-INCOME>                                 1863
<INTEREST-INCOME>                                  184
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (881)
<NET-INVESTMENT-INCOME>                           1166
<REALIZED-GAINS-CURRENT>                          8079
<APPREC-INCREASE-CURRENT>                        14198
<NET-CHANGE-FROM-OPS>                            23443
<EQUALIZATION>                                 (18604)
<DISTRIBUTIONS-OF-INCOME>                       (1162)
<DISTRIBUTIONS-OF-GAINS>                        (6782)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          18301
<NUMBER-OF-SHARES-REDEEMED>                    (37739)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         (19438)
<ACCUMULATED-NII-PRIOR>                             22
<ACCUMULATED-GAINS-PRIOR>                          131
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              686
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    881
<AVERAGE-NET-ASSETS>                             85718
<PER-SHARE-NAV-BEGIN>                             9.73
<PER-SHARE-NII>                                    .16
<PER-SHARE-GAIN-APPREC>                           2.88
<PER-SHARE-DIVIDEND>                             (.16)
<PER-SHARE-DISTRIBUTIONS>                       (1.00)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.61
<EXPENSE-RATIO>                                   1.02
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUND
<SERIES>
   <NUMBER> 082
   <NAME> GROWTH FUND INVESTOR CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            70836
<INVESTMENTS-AT-VALUE>                           80796
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                     101
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   80897
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         69721
<SHARES-COMMON-STOCK>                              231
<SHARES-COMMON-PRIOR>                              157
<ACCUMULATED-NII-CURRENT>                            1
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           1215
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          9960
<NET-ASSETS>                                     80897
<DIVIDEND-INCOME>                                 1863
<INTEREST-INCOME>                                  184
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (881)
<NET-INVESTMENT-INCOME>                           1166
<REALIZED-GAINS-CURRENT>                          8079
<APPREC-INCREASE-CURRENT>                        14198
<NET-CHANGE-FROM-OPS>                            23443
<EQUALIZATION>                                 (18604)
<DISTRIBUTIONS-OF-INCOME>                         (25)
<DISTRIBUTIONS-OF-GAINS>                         (213)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            844
<NUMBER-OF-SHARES-REDEEMED>                      (247)
<SHARES-REINVESTED>                                237
<NET-CHANGE-IN-ASSETS>                             834
<ACCUMULATED-NII-PRIOR>                             22
<ACCUMULATED-GAINS-PRIOR>                          131
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              686
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    881
<AVERAGE-NET-ASSETS>                             85718
<PER-SHARE-NAV-BEGIN>                             9.74
<PER-SHARE-NII>                                    .12
<PER-SHARE-GAIN-APPREC>                           2.89
<PER-SHARE-DIVIDEND>                             (.13)
<PER-SHARE-DISTRIBUTIONS>                       (1.00)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.62
<EXPENSE-RATIO>                                   1.31
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 091
   <NAME> SMALL CAP TRUST CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            21081
<INVESTMENTS-AT-VALUE>                           24522
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   24522
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        (125)
<TOTAL-LIABILITIES>                              (125)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         20153
<SHARES-COMMON-STOCK>                             1914
<SHARES-COMMON-PRIOR>                             3295
<ACCUMULATED-NII-CURRENT>                            1
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            802
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          3441
<NET-ASSETS>                                     24397
<DIVIDEND-INCOME>                                  182
<INTEREST-INCOME>                                   81
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (226)
<NET-INVESTMENT-INCOME>                             37
<REALIZED-GAINS-CURRENT>                          2502
<APPREC-INCREASE-CURRENT>                         2930
<NET-CHANGE-FROM-OPS>                             5469
<EQUALIZATION>                                 (12546)
<DISTRIBUTIONS-OF-INCOME>                         (37)
<DISTRIBUTIONS-OF-GAINS>                         (303)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           9098
<NUMBER-OF-SHARES-REDEEMED>                    (21804)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         (12706)
<ACCUMULATED-NII-PRIOR>                              1
<ACCUMULATED-GAINS-PRIOR>                       (1390)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              165
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    227
<AVERAGE-NET-ASSETS>                             20475
<PER-SHARE-NAV-BEGIN>                             9.57
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                           3.05
<PER-SHARE-DIVIDEND>                             (.02)
<PER-SHARE-DISTRIBUTIONS>                        (.16)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.46
<EXPENSE-RATIO>                                   1.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 092
   <NAME> SMALL CAP INVESTOR CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            21081
<INVESTMENTS-AT-VALUE>                           24522
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   24522
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        (125)
<TOTAL-LIABILITIES>                              (125)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         20153
<SHARES-COMMON-STOCK>                               44
<SHARES-COMMON-PRIOR>                               31
<ACCUMULATED-NII-CURRENT>                            1
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            802
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          3441
<NET-ASSETS>                                     24397
<DIVIDEND-INCOME>                                  182
<INTEREST-INCOME>                                   81
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (226)
<NET-INVESTMENT-INCOME>                             37
<REALIZED-GAINS-CURRENT>                          2502
<APPREC-INCREASE-CURRENT>                         2930
<NET-CHANGE-FROM-OPS>                             5469
<EQUALIZATION>                                 (12546)
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                           (7)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            174
<NUMBER-OF-SHARES-REDEEMED>                       (20)
<SHARES-REINVESTED>                                  6
<NET-CHANGE-IN-ASSETS>                             160
<ACCUMULATED-NII-PRIOR>                              1
<ACCUMULATED-GAINS-PRIOR>                       (1390)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              165
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    227
<AVERAGE-NET-ASSETS>                             20475
<PER-SHARE-NAV-BEGIN>                             9.58
<PER-SHARE-NII>                                  (.01)
<PER-SHARE-GAIN-APPREC>                           3.05
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        (.16)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.46
<EXPENSE-RATIO>                                   1.39
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 101
   <NAME> INTERNATIONAL EQUITY FUND INVESTOR CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            67229
<INVESTMENTS-AT-VALUE>                           77827
<RECEIVABLES>                                      716
<ASSETS-OTHER>                                    1328
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   79871
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          666
<TOTAL-LIABILITIES>                                666
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         68314
<SHARES-COMMON-STOCK>                              116
<SHARES-COMMON-PRIOR>                               91
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (12)
<ACCUMULATED-NET-GAINS>                            304
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         10599
<NET-ASSETS>                                     79205
<DIVIDEND-INCOME>                                 1103
<INTEREST-INCOME>                                  241
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (897)
<NET-INVESTMENT-INCOME>                            447
<REALIZED-GAINS-CURRENT>                           991
<APPREC-INCREASE-CURRENT>                         7172
<NET-CHANGE-FROM-OPS>                             8610
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (2)
<DISTRIBUTIONS-OF-GAINS>                          (23)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             43
<NUMBER-OF-SHARES-REDEEMED>                       (20)
<SHARES-REINVESTED>                                  2
<NET-CHANGE-IN-ASSETS>                             507
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          247
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              643
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    899
<AVERAGE-NET-ASSETS>                             64338
<PER-SHARE-NAV-BEGIN>                            12.96
<PER-SHARE-NII>                                    .05
<PER-SHARE-GAIN-APPREC>                           1.73
<PER-SHARE-DIVIDEND>                             (.02)
<PER-SHARE-DISTRIBUTIONS>                        (.20)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.52
<EXPENSE-RATIO>                                   1.68
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 102
   <NAME> INTERNATIONAL EQUITY FUND TRUST CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
<INVESTMENTS-AT-COST>                            67229
<INVESTMENTS-AT-VALUE>                           77827
<RECEIVABLES>                                      716
<ASSETS-OTHER>                                    1328
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   79871
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          666
<TOTAL-LIABILITIES>                                666
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         68314
<SHARES-COMMON-STOCK>                             5325
<SHARES-COMMON-PRIOR>                             3178
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (12)
<ACCUMULATED-NET-GAINS>                            304
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         10599
<NET-ASSETS>                                     79205
<DIVIDEND-INCOME>                                 1103
<INTEREST-INCOME>                                  241
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (897)
<NET-INVESTMENT-INCOME>                            447
<REALIZED-GAINS-CURRENT>                           991
<APPREC-INCREASE-CURRENT>                         7172
<NET-CHANGE-FROM-OPS>                             8610
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (292)
<DISTRIBUTIONS-OF-GAINS>                        (1076)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           3382
<NUMBER-OF-SHARES-REDEEMED>                     (1235)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           36195
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          247
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              643
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    899
<AVERAGE-NET-ASSETS>                             64338
<PER-SHARE-NAV-BEGIN>                            13.00
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                           1.75
<PER-SHARE-DIVIDEND>                             (.06)
<PER-SHARE-DISTRIBUTIONS>                        (.20)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.56
<EXPENSE-RATIO>                                   1.38
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 121
   <NAME> ASIAN TIGERS FUND TRUST CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 122
   <NAME> ASIAN TIGERS FUND INVESTOR CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
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<NUMBER-OF-SHARES-REDEEMED>                       (23)
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<PER-SHARE-NAV-END>                              10.44
<EXPENSE-RATIO>                                   1.81
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 131
   <NAME> TREASURY MONEY MARKET TRUST CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
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<DIVIDEND-INCOME>                                    0
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<DISTRIBUTIONS-OF-INCOME>                       (5746)
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<NUMBER-OF-SHARES-SOLD>                         484129
<NUMBER-OF-SHARES-REDEEMED>                   (485213)
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<NET-CHANGE-IN-ASSETS>                          (1079)
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<EXPENSE-RATIO>                                    .44
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 132
   <NAME> TREASURY MONEY MARKET INVESTOR CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
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<DIVIDEND-INCOME>                                    0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 141
   <NAME> GOVERNMENT MONEY MARKET TRUST CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
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<DIVIDEND-INCOME>                                    0
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<NUMBER-OF-SHARES-REDEEMED>                   (353576)
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<EXPENSE-RATIO>                                    .42
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 142
   <NAME> GOVERNMENT MONEY MARKET FUND INVESTOR CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               DEC-31-1995
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<NUMBER-OF-SHARES-SOLD>                          11055
<NUMBER-OF-SHARES-REDEEMED>                    (10949)
<SHARES-REINVESTED>                                157
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<EXPENSE-RATIO>                                    .67
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 151
   <NAME> MONEY MARKET FUND TRUST CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 152
   <NAME> MONEY MARKET FUND INVESTOR CLASS 
<MULTIPLIER> 1,000
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
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   <NUMBER> 161
   <NAME> TAX-EXEMPT MONEY MARKET FUND TRUST CLASS 
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000892567
<NAME> REMBRANDT FUNDS
<SERIES>
   <NUMBER> 162
   <NAME> TAX-EXEMPT MONEY MARKET FUND INVESTOR CLASS
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Board of Directors and Shareholders
Rembrandt Funds

In planning and performing our audit of the financial statements of Rembrandt 
Funds (the "Trust") for the year ended December 31, 1995, we considered
its internal control structure, including procedures for safeguarding
securities,in order to determine our auditing procedures for the purpose of 
expressing our opinion on the financial statements and to comply with the 
requirements of Form N-SAR, not to provide assurance on the internal 
control structure.

The management of the Trust is responsible for establishing and maintaining
an internal control structure. In fulfilling this responsibility, estimates 
and judgments by management are required to assess the expected benefits 
and related costs of internal control structure policies and procedures. Two of
the objectives of an internal control structure are to provide management
with reasonable, but not absolute, assurance that assets are safeguarded 
against loss from unauthorized use or disposition and that transactions
are executed in accordance with management's authorization and recorded
properly to permit preparation of financial statements in conformity 
with generally accepted accounting principles.

Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness 
of the design and operation may deteriorate.

Our consideration of the internal control structure would not necessarily 
disclose all matters in the internal control structure that might be
material weaknesses under standards established by the American Institute
of Certified Public Accountants. A material weakness is a condition in 
which the design or operation of the specific internal control structure 
elements does not reduce to a relatively low level the risk that errors or 
irregularities in amounts that would be material in relation to the financial 
statements being audited may occur and not be detected within a timely
period by employees in the normal course of performing their assigned functions.
However, we noted no matters involving the internal control structure, 
including procedures for safeguarding securities, that we consider to be
material weaknesses as defined above as of December 31, 1995.

This report is intended solely for the information and use  of management
and the Securities and Exchange Commission.

ERNST & YOUNG
/s/ Ernst & Young

Philadelphia, Pennsylvania
January 26, 1996
          



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