<PAGE> PAGE 1
000 A000000 12/31/96
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008 D01AA01 MEDFORD
008 D02AA01 OR
008 D03AA01 97504
010 A00AA01 FORUM ADMINISTRATIVE SERVICES, LLC
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010 C02AA01 ME
010 C03AA01 04101
011 A00AA01 FORUM FINANCIAL SERVICES, INC.
011 B00AA01 8-35592
011 C01AA01 PORTLAND
011 C02AA01 ME
011 C03AA01 04101
012 A00AA01 FORUM FINANCIAL CORP.
012 B00AA01 84-01612
012 C01AA01 PORTLAND
012 C02AA01 ME
012 C03AA01 04101
013 A00AA01 DELOITTE & TOUCHE
013 B01AA01 NEW YORK
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<PAGE> PAGE 2
013 B03AA01 10048
014 A00AA01 FORUM FINANCIAL SERVICES, INC.
014 B00AA01 8-35592
015 A00AA01 THE FIRST NATIONAL BANK OF BOSTON
015 B00AA01 C
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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 7
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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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SIGNATURE RICHARD BUTT
TITLE DIRECTOR
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CUTLER
TRUST FINANCIAL STATEMENT DATED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
<NUMBER> 010
<NAME> EQUITY INCOME
<S> <C>
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<REALIZED-GAINS-CURRENT> 860,540
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM CUTLER
TRUST FINANCIAL STATEMENT DATED DECEMBER 31, 1996 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH REPORT.
</LEGEND>
<SERIES>
<NUMBER> 020
<NAME> APPROVED LIST EQUITY
<S> <C>
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</TABLE>
