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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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028 C040500 338
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028 D030500 28079
028 D040500 31243
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028 E030500 1149
028 E040500 1001
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028 F020500 119
028 F030500 1195
028 F040500 967
028 G010500 62675
028 G020500 431
028 G030500 63106
028 G040500 34075
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.400
048 A010500 0
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048 B020500 0.000
048 C010500 0
048 C020500 0.000
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048 D020500 0.000
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048 F010500 0
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<PAGE> PAGE 22
048 K020500 0.000
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 2.1
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 19.4
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 69.2
062 O000500 0.0
062 P000500 4.6
062 Q000500 4.4
062 R000500 0.0
063 A000500 77
063 B000500 0.0
064 A000500 N
064 B000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 N
070 K020500 Y
070 L010500 Y
<PAGE> PAGE 23
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 Y
070 Q020500 N
070 R010500 Y
070 R020500 N
071 A000500 25246
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<PAGE> PAGE 24
073 A020500 0.0000
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075 B000500 14428
076 000500 0.00
SIGNATURE ROBERT BRUNO
TITLE V. P. & CLERK
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> WERTHEIM EQUITY VALUE FUND
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> OCT-31-1994
<PERIOD-END> OCT-31-1994
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<TOTAL-LIABILITIES> 1786836
<SENIOR-EQUITY> 0
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<SHARES-COMMON-STOCK> 2254837
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<ACCUMULATED-NET-GAINS> (105670)
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<ACCUM-APPREC-OR-DEPREC> (255921)
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<NET-INVESTMENT-INCOME> 132970
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<NUMBER-OF-SHARES-SOLD> 4996170
<NUMBER-OF-SHARES-REDEEMED> (2743333)
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<NET-CHANGE-IN-ASSETS> 2252837
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> WERTHEIM SMALL CAPITALIZATION VALUE FUND
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> OCT-31-1994
<PERIOD-END> OCT-31-1994
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<PAID-IN-CAPITAL-COMMON> 20663189
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<ACCUMULATED-NII-CURRENT> 10391
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<ACCUMULATED-NET-GAINS> (185520)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 704861
<NET-ASSETS> 21192921
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<EXPENSES-NET> 89683
<NET-INVESTMENT-INCOME> 10391
<REALIZED-GAINS-CURRENT> (185520)
<APPREC-INCREASE-CURRENT> 704861
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<NUMBER-OF-SHARES-SOLD> 2308194
<NUMBER-OF-SHARES-REDEEMED> (140053)
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<GROSS-EXPENSE> 194344
<AVERAGE-NET-ASSETS> 8717450
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> .000
<PER-SHARE-GAIN-APPREC> (.230)
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<PER-SHARE-NAV-END> 9.770
<EXPENSE-RATIO> 1.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> WERTHEIM HIGH YIELD INCOME FUND
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> OCT-31-1994
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 16122109
<INVESTMENTS-AT-VALUE> 15469437
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<OTHER-ITEMS-LIABILITIES> 175271
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 16890185
<SHARES-COMMON-STOCK> 1815863
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 469541
<OVERDISTRIBUTION-NII> (15022)
<ACCUMULATED-NET-GAINS> (266898)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (652672)
<NET-ASSETS> 16425134
<DIVIDEND-INCOME> 13316
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<EXPENSES-NET> 63476
<NET-INVESTMENT-INCOME> 469541
<REALIZED-GAINS-CURRENT> (266898)
<APPREC-INCREASE-CURRENT> (652672)
<NET-CHANGE-FROM-OPS> (450029)
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<DISTRIBUTIONS-OF-INCOME> (469541)
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<NUMBER-OF-SHARES-SOLD> 1909620
<NUMBER-OF-SHARES-REDEEMED> (153382)
<SHARES-REINVESTED> 57625
<NET-CHANGE-IN-ASSETS> 1813863
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<GROSS-EXPENSE> 174170
<AVERAGE-NET-ASSETS> 6867471
<PER-SHARE-NAV-BEGIN> 10.
<PER-SHARE-NII> .480
<PER-SHARE-GAIN-APPREC> (1.140)
<PER-SHARE-DIVIDEND> (.480)
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<RETURNS-OF-CAPITAL> (.070)
<PER-SHARE-NAV-END> 8.790
<EXPENSE-RATIO> 1.30
<AVG-DEBT-OUTSTANDING> 0
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> WERTHEIM INVESTMENT GRADE INCOME FUND
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> OCT-31-1994
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 14983676
<INVESTMENTS-AT-VALUE> 14753052
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<ACCUMULATED-NII-CURRENT> 226910
<OVERDISTRIBUTION-NII> (353)
<ACCUMULATED-NET-GAINS> (88586)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (230624)
<NET-ASSETS> 13132130
<DIVIDEND-INCOME> 1498
<INTEREST-INCOME> 256925
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<EXPENSES-NET> 31513
<NET-INVESTMENT-INCOME> 226910
<REALIZED-GAINS-CURRENT> (88586)
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<GROSS-EXPENSE> 141440
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<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> .340
<PER-SHARE-GAIN-APPREC> (.830)
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<RETURNS-OF-CAPITAL> (.030)
<PER-SHARE-NAV-END> 9.140
<EXPENSE-RATIO> .87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> WERTHEIM SHORT-TERM INVESTMENT FUND
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> OCT-31-1994
<PERIOD-END> OCT-31-1994
<INVESTMENTS-AT-COST> 30781261
<INVESTMENTS-AT-VALUE> 30691499
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<OTHER-ITEMS-LIABILITIES> 157736
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<PAID-IN-CAPITAL-COMMON> 30865411
<SHARES-COMMON-STOCK> 3115959
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<ACCUMULATED-NII-CURRENT> 522157
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<ACCUMULATED-NET-GAINS> (4524)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (89762)
<NET-ASSETS> 31293282
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<EXPENSES-NET> 89655
<NET-INVESTMENT-INCOME> 522157
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<NUMBER-OF-SHARES-SOLD> 6613581
<NUMBER-OF-SHARES-REDEEMED> (3543876)
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<PER-SHARE-NAV-BEGIN> 10
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<PER-SHARE-NAV-END> 9.880
<EXPENSE-RATIO> .78
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
