<PAGE> PAGE 1
000 B000000 08/31/94
000 C000000 0000894089
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE PIERPONT FUNDS
001 B000000 811-7340
001 C000000 6174230800
002 A000000 6 ST. JAMES AVENUE 9TH FLOOR
002 B000000 BOSTON
002 C000000 MA
002 D010000 02116
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 13
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C020600 THE PIERPONT TAX EXEMPT BOND FUND
007 C030600 N
007 C010700 7
007 C020700 THE PIERPONT TAX EXEMPT MONEY MARKET FUND
007 C030700 N
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 SIGNATURE BROKER DEALER SERVICES INC.
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02116
011 A00AA01 SIGNATURE BROKER DEALER SERVICES INC.
011 B00AA01 8-41134
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02116
012 A00AA01 STATE STREET BANK
012 B00AA01 85-50003
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02101
013 A00AA01 PRICE WATERHOUSE
<PAGE> PAGE 2
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10020
015 A00AA01 STATE STREET BANK & TRUST
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02101
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 31
019 C00AA00 PIERPONTXX
020 A000001 NONE
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 THE TAX EXEMPT MONEY MARKET PORTFOLIO
022 B000001 04-3194418
022 C000001 4105492
022 D000001 4143770
022 A000002 THE TAX EXEMPT BOND PORTFOLIO
022 B000002 04-3194405
022 C000002 227485
022 D000002 325908
022 C000003 0
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
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022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 4332977
023 D000000 4469678
<PAGE> PAGE 3
024 00AA00 N
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
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030 B00AA00 0.00
030 C00AA00 0.00
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040 00AA00 N
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042 E00AA00 0
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048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
<PAGE> PAGE 4
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
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060 B00AA00 Y
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062 D00AA00 0.0
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062 G00AA00 0.0
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062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 Y
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070 B02AA00 N
070 C01AA00 Y
070 C02AA00 N
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070 E01AA00 Y
070 E02AA00 N
070 F01AA00 Y
070 F02AA00 N
070 G01AA00 Y
070 G02AA00 N
070 H01AA00 Y
070 H02AA00 N
<PAGE> PAGE 5
070 I01AA00 N
070 I02AA00 N
070 J01AA00 Y
070 J02AA00 N
070 K01AA00 Y
070 K02AA00 Y
070 L01AA00 Y
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070 Q01AA00 N
070 Q02AA00 N
070 R01AA00 N
070 R02AA00 N
077 A000000 Y
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080 C00AA00 7500
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084 A00AA00 N
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028 A010600 28111
028 A020600 1479
028 A030600 0
028 A040600 27415
028 B010600 13126
<PAGE> PAGE 6
028 B020600 1451
028 B030600 0
028 B040600 52635
028 C010600 5329
028 C020600 1368
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<PAGE> PAGE 7
072 X000600 1370
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072DD010600 19907
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028 A010700 326184
028 A020700 1439
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<PAGE> PAGE 8
028 B010700 228350
028 B020700 1565
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028 C010700 305113
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028 C040700 256918
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071 A000700 0
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<PAGE> PAGE 9
072 W000700 59
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076 000700 0.00
SIGNATURE DONALD S. RUMERY
TITLE ASST. TREASURER
