ARK FUNDS/MA
485APOS, 1996-08-27
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<PAGE>   1


 As filed with the Securities and Exchange Commission on August 27, 1996

                       SECURITIES AND EXCHANGE COMMISSION
                                
                             Washington, D.C. 20549
                                
                                    FORM N-1A
                                
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933            [ x ]
  File No. 33-53690

    Pre-Effective Amendment No.                                    [   ]

    Post-Effective Amendment No. 10                                [ x ]
                                
                               and
                                
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940    [ x ]
  File No. 811-7310
  
  Amendment No. 8                                                  [ x ]
        
ARK Funds
(Exact Name of Registrant as Specified in Charter)

CT Corporation, 2 Oliver Street, Boston, MA 02109
(Address of Principal Executive Office)

Registrant's Telephone Number
610-254-1000

Ms. Kathryn L. Stanton
Vice President and Secretary
ARK Funds
680 East Swedesford Road
Wayne, PA 19087
(Name and Address of Agent for Service)

Copies to:
Alan C. Porter, Esq.
Piper & Marbury L.L.P.
1200 Nineteenth St., N.W.
Washington, D.C. 20036

It is proposed that this filing will become effective:

( )   Immediately upon filing pursuant to paragraph (b) of Rule 485
( )   On (  ) pursuant to paragraph (b) of Rule 485
(x)   60 days after filing pursuant to paragraph (a)(i)
( )   On (April _, 1995) pursuant to paragraph (a)(ii)
( )   75 days after filing pursuant to paragraph (a)(ii)
( )   On  (_________, 1996) pursuant to paragraph (a)(iii) of Rule 485.

The Registrant has elected to register an indefinite number of shares of
beneficial interest of its U.S. Treasury Money Market Portfolio, U.S. Government
Money Market Portfolio, Money Market Portfolio, Tax-Free Money Market Portfolio,
Short-Term Treasury Portfolio, Intermediate Fixed Income Portfolio, Income
Portfolio, Maryland Tax-Free Portfolio, Pennsylvania Tax-Free Portfolio,
Balanced Portfolio (formerly Growth and Income Portfolio), Equity Income
Portfolio, Blue Chip Equity Portfolio, Mid-Cap Equity Portfolio, Stock
Portfolio, Capital Growth Portfolio, Special Equity Portfolio, and International
Equity Portfolio pursuant to Rule 24f-2 under the Investment Company Act of
1940. The Rule 24f-2 Notice for the Registrant's fiscal year ended April 30,
1996 was filed on June 25, 1996.


                                
The contents of Post-Effective Amendment No. 9 to the Registration Statement
are incorporated herein by reference.

<PAGE>   2
                                  SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant has duly caused this
Post-Effective Amendment No. 10 to the Registration Statement to be signed on
its behalf by the undersigned, hereunto duly authorized, in the City of
Baltimore, and State of Maryland, on the 27 day of August 1996.


                                     ARK FUNDS


                                     By:/s/ DAVID D. DOWNES
                                        ---------------------  
                                        David D. Downes
                                        President

     Pursuant to the requirements of the Securities Act of 1933, this
Post-Effective Amendment No. 10 to the Registration Statement has been signed
below by the following persons in the capacities and on the date indicated.

/s/ DAVID D. DOWNES       President (principal executive officer) and Trustee
- -----------------------
David D. Downes


/s/ STEPHEN G. MEYER      Treasurer, Controller and Chief Financial Officer
- -----------------------   (principal financial and accounting officer)
Stephen  G. Meyer                                                     


_________*_____________   Trustee
William H. Cowie, Jr.


_________*_____________   Trustee
Charlotte Kerr


_________*_____________   Trustee
George K. Reynolds, III


_________*_____________   Trustee
Thomas Schweizer


   * By: /s/ ALAN C. PORTER                    August 27, 1996
        --------------------
         Alan C. Porter
         Attorney-in-Fact


An original power of attorney authorizing Alan C. Porter to execute amendments
to this Registration Statement for each trustee of the Registrant on whose
behalf this amendment to the Registration Statement is filed has been
executed and filed with the Securities and Exchange Commission.

<PAGE>   1
                        CONSENT OF INDEPENDENT AUDITORS


The Board of Trustees
ARK Funds

We consent to the use of our report, dated June 7, 1996, incorporated herein by
reference and to the references to our firm under the captions "Financial
Highlights" in each prospectus and "Auditor" in the statement of additional 
information.


                                         KPMG Peat Marwick LLP

Boston, Massachusetts
August 27, 1996


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