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<PAGE> PAGE 10
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008 A000501 RESERVE MANAGEMENT COMPANY, INC.
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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008 A000601 RESERVE MANAGEMENT COMPANY, INC.
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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008 A000701 RESERVE MANAGEMENT COMPANY, INC.
008 B000701 A
008 C000701 801-21972
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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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<PAGE> PAGE 31
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008 A001001 RESERVE MANAGEMENT COMPANY, INC.
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008 D031001 10019
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<PAGE> PAGE 32
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SIGNATURE MARYKATHLEEN FOYNES
TITLE COUNSEL
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<NAME> Convertible Securities Fund
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<NAME> BLUE CHIP GROWTH FUND
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<SERIES>
<NUMBER> 04
<NAME> Informed Investors Fund
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<NET-INVESTMENT-INCOME> (53,234)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> Large Cap Value Fund
<S> <C>
<PERIOD-TYPE> YEAR
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<PERIOD-START> JUN-01-1997
<PERIOD-END> MAY-31-1998
<INVESTMENTS-AT-COST> 5,188,202
<INVESTMENTS-AT-VALUE> 6,750,350
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 06
<NAME> Mid-Cap Growth Fund
<S> <C>
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<PERIOD-START> JUN-01-1997
<PERIOD-END> MAY-31-1998
<INVESTMENTS-AT-COST> 2,804,089
<INVESTMENTS-AT-VALUE> 3,458,989
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<TOTAL-LIABILITIES> 79,158
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 654,900
<NET-ASSETS> 3,380,559
<DIVIDEND-INCOME> 16,883
<INTEREST-INCOME> 12,965
<OTHER-INCOME> 0
<EXPENSES-NET> 85,438
<NET-INVESTMENT-INCOME> (55,593)
<REALIZED-GAINS-CURRENT> 550,984
<APPREC-INCREASE-CURRENT> 15,787
<NET-CHANGE-FROM-OPS> 511,178
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<DISTRIBUTIONS-OF-GAINS> (485,972)
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<NUMBER-OF-SHARES-SOLD> 1,341,995
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 68,619
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<GROSS-EXPENSE> 85,438
<AVERAGE-NET-ASSETS> 4,583,113
<PER-SHARE-NAV-BEGIN> 13.20
<PER-SHARE-NII> (.26)
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<PER-SHARE-NAV-END> 12.98
<EXPENSE-RATIO> 1.86
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 07
<NAME> International Equity Fund
<S> <C>
<PERIOD-TYPE> YEAR
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<PERIOD-START> JUN-01-1997
<PERIOD-END> MAY-31-1998
<INVESTMENTS-AT-COST> 9,419,762
<INVESTMENTS-AT-VALUE> 12,410,221
<RECEIVABLES> 875,648
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 13,285,869
<PAYABLE-FOR-SECURITIES> 407,190
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,312,874
<SHARES-COMMON-STOCK> 971,753
<SHARES-COMMON-PRIOR> 991,076
<ACCUMULATED-NII-CURRENT> (129,935)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,322,175)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,990,459
<NET-ASSETS> 12,851,223
<DIVIDEND-INCOME> 139,263
<INTEREST-INCOME> 41,847
<OTHER-INCOME> 0
<EXPENSES-NET> 225,053
<NET-INVESTMENT-INCOME> (43,943)
<REALIZED-GAINS-CURRENT> (977,077)
<APPREC-INCREASE-CURRENT> 1,271,501
<NET-CHANGE-FROM-OPS> 250,481
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<NUMBER-OF-SHARES-SOLD> 3,581,942
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<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 721,969
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 196,873
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 225,053
<AVERAGE-NET-ASSETS> 11,242,437
<PER-SHARE-NAV-BEGIN> 12.59
<PER-SHARE-NII> (.04)
<PER-SHARE-GAIN-APPREC> .67
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<PER-SHARE-NAV-END> 13.22
<EXPENSE-RATIO> 2.00
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
