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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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008 A000501 AMERICAN ODYSSEY FUNDS MANAGEMENT, INC.
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015 A000501 INVESTORS BANK & TRUST COMPANY
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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064 B000500 N
066 A000500 N
067 000500 N
068 A000500 N
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070 E020500 N
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070 F020500 N
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070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
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<PAGE> PAGE 25
070 R020500 N
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<PAGE> PAGE 26
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008 A000601 AMERICAN ODYSSEY FUNDS MANAGEMENT, INC.
008 B000601 A
008 C000601 801-43443
008 D010601 EAST BRUNSWICK
008 D020601 NJ
008 D030601 08816
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008 A000602 SMITH GRAHAM & CO. ASSET MANAGERS, LP
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015 A000601 INVESTORS BANK & TRUST COMPANY
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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SIGNATURE JEFFREY R. HUG
TITLE V.P. & CONTROLLER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from American Odyssey Funds, Inc.
form N-SAR for the period ended June 30, 1996
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 11
<NAME> American Odyssey International Equity Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> Jun-30-1996
<INVESTMENTS-AT-COST> 103,406,510
<INVESTMENTS-AT-VALUE> 117,426,627
<RECEIVABLES> 1,045,988
<ASSETS-OTHER> 7,624,399
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 126,097,014
<PAYABLE-FOR-SECURITIES> 3,806,761
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 545,362
<TOTAL-LIABILITIES> 4,352,123
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 104,157,071
<SHARES-COMMON-STOCK> 8,874,158
<SHARES-COMMON-PRIOR> 7,264,073
<ACCUMULATED-NII-CURRENT> 1,180,346
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,515,036
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,892,438
<NET-ASSETS> 121,744,891
<DIVIDEND-INCOME> 1,495,611
<INTEREST-INCOME> 85,887
<OTHER-INCOME> 0
<EXPENSES-NET> 449,272
<NET-INVESTMENT-INCOME> 1,132,226
<REALIZED-GAINS-CURRENT> 2,856,103
<APPREC-INCREASE-CURRENT> 4,119,788
<NET-CHANGE-FROM-OPS> 8,108,117
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 30,188,673
<NUMBER-OF-SHARES-REDEEMED> 9,563,254
<SHARES-REINVESTED> 896,810
<NET-CHANGE-IN-ASSETS> 29,630,346
<ACCUMULATED-NII-PRIOR> 48,120
<ACCUMULATED-GAINS-PRIOR> (341,067)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 353,348
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 465,099
<AVERAGE-NET-ASSETS> 108,013,515
<PER-SHARE-NAV-BEGIN> 12.68
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 0.92
<PER-SHARE-DIVIDEND> 0.00
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<PER-SHARE-NAV-END> 13.72
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<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from American Odyssey Funds, Inc.
form N-SAR for the period ended June 30, 1996
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 21
<NAME> American Odyssey Emerging Opportunities Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> Jun-30-1996
<INVESTMENTS-AT-COST> 168,210,705
<INVESTMENTS-AT-VALUE> 201,732,491
<RECEIVABLES> 592,847
<ASSETS-OTHER> 6,090,336
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 208,415,674
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,636,156
<TOTAL-LIABILITIES> 1,636,156
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 160,045,224
<SHARES-COMMON-STOCK> 12,932,831
<SHARES-COMMON-PRIOR> 10,462,738
<ACCUMULATED-NII-CURRENT> (278,808)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13,491,316
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 33,521,786
<NET-ASSETS> 206,779,518
<DIVIDEND-INCOME> 122,643
<INTEREST-INCOME> 262,989
<OTHER-INCOME> 0
<EXPENSES-NET> 664,440
<NET-INVESTMENT-INCOME> (278,808)
<REALIZED-GAINS-CURRENT> 14,016,018
<APPREC-INCREASE-CURRENT> (2,717,999)
<NET-CHANGE-FROM-OPS> 11,019,211
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 54,073,577
<NUMBER-OF-SHARES-REDEEMED> 22,133,440
<SHARES-REINVESTED> 6,627,286
<NET-CHANGE-IN-ASSETS> 49,586,634
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (524,702)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 552,808
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 664,440
<AVERAGE-NET-ASSETS> 186,189,574
<PER-SHARE-NAV-BEGIN> 15.02
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> 0.99
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.99
<EXPENSE-RATIO> 0.73
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from American Odyssey Funds, Inc.
form N-SAR for the period ended June 30, 1996
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 31
<NAME> American Odyssey Core Equity Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> Jun-30-1996
<INVESTMENTS-AT-COST> 189,547,461
<INVESTMENTS-AT-VALUE> 234,100,156
<RECEIVABLES> 2,703,666
<ASSETS-OTHER> 9,018,536
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 245,822,358
<PAYABLE-FOR-SECURITIES> 6,412,331
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,372,953
<TOTAL-LIABILITIES> 7,785,284
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 185,239,047
<SHARES-COMMON-STOCK> 16,444,575
<SHARES-COMMON-PRIOR> 13,795,844
<ACCUMULATED-NII-CURRENT> 2,246,126
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,999,306
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 44,552,595
<NET-ASSETS> 238,037,074
<DIVIDEND-INCOME> 2,756,326
<INTEREST-INCOME> 114,152
<OTHER-INCOME> 0
<EXPENSES-NET> 708,861
<NET-INVESTMENT-INCOME> 2,161,617
<REALIZED-GAINS-CURRENT> 6,004,135
<APPREC-INCREASE-CURRENT> 9,138,983
<NET-CHANGE-FROM-OPS> 17,304,735
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 47,893,130
<NUMBER-OF-SHARES-REDEEMED> 19,411,943
<SHARES-REINVESTED> 8,516,343
<NET-CHANGE-IN-ASSETS> 54,302,265
<ACCUMULATED-NII-PRIOR> 84,510
<ACCUMULATED-GAINS-PRIOR> (4,829)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 609,646
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 724,409
<AVERAGE-NET-ASSETS> 216,293,438
<PER-SHARE-NAV-BEGIN> 13.32
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> 1.02
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.47
<EXPENSE-RATIO> 0.68
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from American Odyssey Funds, Inc.
form N-SAR for the period ended June 30, 1996
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 41
<NAME> American Odyssey Long-Term Bond Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> Jun-30-1996
<INVESTMENTS-AT-COST> 136,078,216
<INVESTMENTS-AT-VALUE> 131,691,207
<RECEIVABLES> 9,780,679
<ASSETS-OTHER> 6,638,351
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 148,110,237
<PAYABLE-FOR-SECURITIES> 4,711,719
<SENIOR-LONG-TERM-DEBT> 552,965
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 5,264,684
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 144,682,100
<SHARES-COMMON-STOCK> 14,195,648
<SHARES-COMMON-PRIOR> 10,887,947
<ACCUMULATED-NII-CURRENT> 5,329,849
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,044,088)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,122,308)
<NET-ASSETS> 142,845,553
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,183,835
<OTHER-INCOME> 0
<EXPENSES-NET> 406,776
<NET-INVESTMENT-INCOME> 3,777,059
<REALIZED-GAINS-CURRENT> (2,013,424)
<APPREC-INCREASE-CURRENT> (7,384,091)
<NET-CHANGE-FROM-OPS> (5,620,456)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 33,506,358
<NUMBER-OF-SHARES-REDEEMED> 9,889,270
<SHARES-REINVESTED> 10,236,499
<NET-CHANGE-IN-ASSETS> 28,233,131
<ACCUMULATED-NII-PRIOR> 1,552,790
<ACCUMULATED-GAINS-PRIOR> (1,077,489)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 320,743
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 406,776
<AVERAGE-NET-ASSETS> 130,441,205
<PER-SHARE-NAV-BEGIN> 10.53
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> (0.71)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.06
<EXPENSE-RATIO> 0.63
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from American Odyssey Funds, Inc.
form N-SAR for the period ended June 30, 1996
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 51
<NAME> American Odyssey Intermediate-Term Bond Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> Jun-30-1996
<INVESTMENTS-AT-COST> 90,341,415
<INVESTMENTS-AT-VALUE> 88,974,636
<RECEIVABLES> 1,804,184
<ASSETS-OTHER> 57,987
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 90,836,807
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 344,977
<TOTAL-LIABILITIES> 344,977
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 89,338,955
<SHARES-COMMON-STOCK> 8,746,050
<SHARES-COMMON-PRIOR> 7,081,020
<ACCUMULATED-NII-CURRENT> 2,376,010
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 143,644
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,366,779)
<NET-ASSETS> 90,491,830
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,648,058
<OTHER-INCOME> 0
<EXPENSES-NET> 274,173
<NET-INVESTMENT-INCOME> 2,373,885
<REALIZED-GAINS-CURRENT> 514,029
<APPREC-INCREASE-CURRENT> (3,114,315)
<NET-CHANGE-FROM-OPS> (226,401)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,486,442
<NUMBER-OF-SHARES-REDEEMED> 6,998,606
<SHARES-REINVESTED> 4,749,913
<NET-CHANGE-IN-ASSETS> 17,011,348
<ACCUMULATED-NII-PRIOR> 2,125
<ACCUMULATED-GAINS-PRIOR> (370,385)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 205,891
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 274,173
<AVERAGE-NET-ASSETS> 83,728,785
<PER-SHARE-NAV-BEGIN> 10.38
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> (0.30)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.35
<EXPENSE-RATIO> 0.67
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from American Odyssey Funds, Inc.
form N-SAR for the period ended June 30, 1996
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 61
<NAME> American Odyssey Short-Term Bond Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> Jun-30-1996
<INVESTMENTS-AT-COST> 28,674,322
<INVESTMENTS-AT-VALUE> 28,495,534
<RECEIVABLES> 510,927
<ASSETS-OTHER> 115,490
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,121,951
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 145,738
<TOTAL-LIABILITIES> 145,738
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28,491,186
<SHARES-COMMON-STOCK> 2,817,788
<SHARES-COMMON-PRIOR> 2,530,211
<ACCUMULATED-NII-CURRENT> 780,699
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (116,885)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (178,787)
<NET-ASSETS> 28,976,213
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 864,994
<OTHER-INCOME> 0
<EXPENSES-NET> 102,669
<NET-INVESTMENT-INCOME> 762,325
<REALIZED-GAINS-CURRENT> 96,179
<APPREC-INCREASE-CURRENT> (674,567)
<NET-CHANGE-FROM-OPS> 183,937
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,596,831
<NUMBER-OF-SHARES-REDEEMED> 3,950,951
<SHARES-REINVESTED> 1,291,083
<NET-CHANGE-IN-ASSETS> 3,120,900
<ACCUMULATED-NII-PRIOR> 18,374
<ACCUMULATED-GAINS-PRIOR> (213,064)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 68,258
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 96,470
<AVERAGE-NET-ASSETS> 27,758,214
<PER-SHARE-NAV-BEGIN> 10.22
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> (0.21)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.28
<EXPENSE-RATIO> 0.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
