<PAGE> PAGE 1
000 A000000 02/28/95
000 C000000 0000894089
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
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 12
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
022 A000001 THE TAX EXEMPT MONEY MARKET PORTFOLIO
022 B000001 04-3194418
022 C000001 2107420
022 D000001 1996991
022 A000002 THE TAX EXEMPT BOND PORTFOLIO
022 B000002 04-3194405
022 C000002 102957
022 D000002 152096
022 C000003 0
022 D000003 0
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022 D000004 0
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022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 2210377
023 D000000 2149087
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
<PAGE> PAGE 3
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
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056 00AA00 Y
057 00AA00 N
058 A00AA00 N
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060 A00AA00 Y
060 B00AA00 Y
061 00AA00 25000
<PAGE> PAGE 4
062 A00AA00 N
062 B00AA00 0.0
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066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
070 A01AA00 Y
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070 C01AA00 Y
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<PAGE> PAGE 5
070 O01AA00 Y
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<PAGE> PAGE 6
028 G020600 7637
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<PAGE> PAGE 7
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<PAGE> PAGE 8
028 G010700 2107420
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<PAGE> PAGE 9
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074 X000700 1985
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SIGNATURE KURT W BAUMGARTEN
TITLE ASSISTANT TREASURER
