ALLEGHANY FUNDS
NSAR-A, 1998-06-29
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<PAGE>      PAGE  1
000 A000000 04/30/98
000 C000000 0001040612
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 MEMBERS MUTUAL FUNDS
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001 C000000 8008776089
002 A000000 5910 MINERAL POINT ROAD
002 B000000 MADISON
002 C000000 WI
002 D010000 53705
003  000000 Y
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  7
007 C010100  1
007 C020100 CASH RESERVES FUND
007 C030100 N
007 C010200  2
007 C020200 BOND FUND
007 C030200 N
007 C010300  3
007 C020300 BALANCED FUND
007 C030300 N
007 C010400  4
007 C020400 HIGH INCOME FUND
007 C030400 N
007 C010500  5
007 C020500 GROWTH AND INCOME FUND
007 C030500 N
007 C010600  6
007 C020600 CAPITAL APPRECIATION FUND
007 C030600 N
007 C010700  7
007 C020700 INTERNATIONAL STOCK FUND
007 C030700 N
007 C010800  8
007 C010900  9
007 C011000 10
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010 B00AA01 84-1761
010 C01AA01 WESTBORO
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010 C03AA01 01581
<PAGE>      PAGE  2
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013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
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014 A00AA01 DELETE
014 A00AA02 DELETE
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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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067  000200 N
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<PAGE>      PAGE  12
070 B020200 N
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070 F010200 N
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070 H020200 N
070 I010200 N
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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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067  000400 N
<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  24
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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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<PAGE>      PAGE  28
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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<PAGE>      PAGE  37
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SIGNATURE   HOLLY GUENTHER                               
TITLE       LAW TECH. SPECIALIST
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 2
   <NAME> CHICAGO TRUST BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
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<INVESTMENTS-AT-VALUE>                     140,325,035
<RECEIVABLES>                                2,126,808
<ASSETS-OTHER>                                       0
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<TOTAL-ASSETS>                             142,457,261
<PAYABLE-FOR-SECURITIES>                       265,953
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      464,443
<TOTAL-LIABILITIES>                            730,396
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   138,405,787
<SHARES-COMMON-STOCK>                       13,980,932
<SHARES-COMMON-PRIOR>                       11,894,302
<ACCUMULATED-NII-CURRENT>                      339,161
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        431,799
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,550,118
<NET-ASSETS>                               141,726,865
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            4,527,566
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 532,371
<NET-INVESTMENT-INCOME>                      3,995,195
<REALIZED-GAINS-CURRENT>                       457,088
<APPREC-INCREASE-CURRENT>                    (282,110)
<NET-CHANGE-FROM-OPS>                        4,170,173
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    4,108,631
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     29,613,557
<NUMBER-OF-SHARES-REDEEMED>                 11,666,381
<SHARES-REINVESTED>                          3,185,970
<NET-CHANGE-IN-ASSETS>                      21,194,688
<ACCUMULATED-NII-PRIOR>                        452,597
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      25,289
<GROSS-ADVISORY-FEES>                          366,318
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                648,989
<AVERAGE-NET-ASSETS>                       134,310,304
<PER-SHARE-NAV-BEGIN>                            10.13
<PER-SHARE-NII>                                   0.31
<PER-SHARE-GAIN-APPREC>                           0.01
<PER-SHARE-DIVIDEND>                            (0.31)
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.14
<EXPENSE-RATIO>                                   .008
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 8
   <NAME> CHICAGO TRUST BALANCED FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                      161,958,237
<INVESTMENTS-AT-VALUE>                     214,025,965
<RECEIVABLES>                                1,460,993
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             6,431
<TOTAL-ASSETS>                             215,493,389
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      460,488
<TOTAL-LIABILITIES>                            460,488
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   155,218,651
<SHARES-COMMON-STOCK>                       18,215,489
<SHARES-COMMON-PRIOR>                       16,999,608
<ACCUMULATED-NII-CURRENT>                      540,989
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      9,908,533
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    49,364,728
<NET-ASSETS>                               215,032,901
<DIVIDEND-INCOME>                              506,334
<INTEREST-INCOME>                            2,955,841
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,094,240
<NET-INVESTMENT-INCOME>                      2,367,935
<REALIZED-GAINS-CURRENT>                     9,909,956
<APPREC-INCREASE-CURRENT>                   15,766,549
<NET-CHANGE-FROM-OPS>                       28,044,440
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    2,451,582
<DISTRIBUTIONS-OF-GAINS>                    11,401,639
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     17,356,662
<NUMBER-OF-SHARES-REDEEMED>                 18,356,257
<SHARES-REINVESTED>                         13,847,940
<NET-CHANGE-IN-ASSETS>                      27,039,564
<ACCUMULATED-NII-PRIOR>                        624,636
<ACCUMULATED-GAINS-PRIOR>                   11,400,216
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          696,670
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,094,240
<AVERAGE-NET-ASSETS>                       200,698,235
<PER-SHARE-NAV-BEGIN>                            11.06
<PER-SHARE-NII>                                   0.13
<PER-SHARE-GAIN-APPREC>                           1.43
<PER-SHARE-DIVIDEND>                            (0.14)
<PER-SHARE-DISTRIBUTIONS>                       (0.68)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              11.80
<EXPENSE-RATIO>                                   .011
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> CHICAGO TRUST GROWTH & INCOME
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                      229,357,104
<INVESTMENTS-AT-VALUE>                     354,592,064
<RECEIVABLES>                                  280,735
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             9,170
<TOTAL-ASSETS>                             354,881,969
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      549,324
<TOTAL-LIABILITIES>                            549,324
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   214,493,959
<SHARES-COMMON-STOCK>                       15,701,939
<SHARES-COMMON-PRIOR>                       13,917,656
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         297,454
<ACCUMULATED-NET-GAINS>                     23,724,180
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   116,411,960
<NET-ASSETS>                               354,332,645
<DIVIDEND-INCOME>                            1,173,389
<INTEREST-INCOME>                              401,461
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,683,237
<NET-INVESTMENT-INCOME>                      (108,387)
<REALIZED-GAINS-CURRENT>                    23,724,702
<APPREC-INCREASE-CURRENT>                   39,375,707
<NET-CHANGE-FROM-OPS>                       62,992,022
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      189,067
<DISTRIBUTIONS-OF-GAINS>                    19,149,159
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     39,621,122
<NUMBER-OF-SHARES-REDEEMED>                 22,550,182
<SHARES-REINVESTED>                         19,000,002
<NET-CHANGE-IN-ASSETS>                      79,724,738
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                   19,148,637
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,072,479
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,683,237
<AVERAGE-NET-ASSETS>                       308,961,849
<PER-SHARE-NAV-BEGIN>                            19.73
<PER-SHARE-NII>                                 (0.01)
<PER-SHARE-GAIN-APPREC>                           4.23
<PER-SHARE-DIVIDEND>                            (0.01)
<PER-SHARE-DISTRIBUTIONS>                       (1.37)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              22.57
<EXPENSE-RATIO>                                  0.011
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> MONTAG & CALDWELL GROWTH FUND-CLASS I
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                    1,054,534,406
<INVESTMENTS-AT-VALUE>                   1,378,600,760
<RECEIVABLES>                                4,826,402
<ASSETS-OTHER>                                      10
<OTHER-ITEMS-ASSETS>                            22,007
<TOTAL-ASSETS>                           1,383,449,179
<PAYABLE-FOR-SECURITIES>                    14,779,677
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    6,401,028
<TOTAL-LIABILITIES>                         21,180,705
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,011,878,933
<SHARES-COMMON-STOCK>                       50,103,882
<SHARES-COMMON-PRIOR>                       32,959,072
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         853,902
<ACCUMULATED-NET-GAINS>                     27,177,089
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   324,066,354
<NET-ASSETS>                             1,362,268,474
<DIVIDEND-INCOME>                            3,513,382
<INTEREST-INCOME>                            1,192,970
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               5,560,254
<NET-INVESTMENT-INCOME>                      (853,902)
<REALIZED-GAINS-CURRENT>                    27,275,289
<APPREC-INCREASE-CURRENT>                  176,925,518
<NET-CHANGE-FROM-OPS>                      203,346,905
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     2,772,360
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    219,014,110
<NUMBER-OF-SHARES-REDEEMED>                 45,582,644
<SHARES-REINVESTED>                          2,260,596
<NET-CHANGE-IN-ASSETS>                     613,850,308
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    7,424,226
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,942,606
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,560,254
<AVERAGE-NET-ASSETS>                       388,384,146
<PER-SHARE-NAV-BEGIN>                            22.75
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           4.73
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                       (0.21)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              27.27
<EXPENSE-RATIO>                                   .009
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> MONTAG & CALDWELL GROWTH FUND-CLASS N
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                    1,054,534,406
<INVESTMENTS-AT-VALUE>                   1,378,600,760
<RECEIVABLES>                                4,826,402
<ASSETS-OTHER>                                      10
<OTHER-ITEMS-ASSETS>                            22,007
<TOTAL-ASSETS>                           1,383,449,179
<PAYABLE-FOR-SECURITIES>                    14,779,677
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    6,401,028
<TOTAL-LIABILITIES>                         21,180,705
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,011,878,933
<SHARES-COMMON-STOCK>                       50,103,882
<SHARES-COMMON-PRIOR>                       32,959,072
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         853,902
<ACCUMULATED-NET-GAINS>                     27,177,089
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   324,066,354
<NET-ASSETS>                             1,362,268,474
<DIVIDEND-INCOME>                            3,513,382
<INTEREST-INCOME>                            1,192,970
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               5,560,254
<NET-INVESTMENT-INCOME>                      (853,902)
<REALIZED-GAINS-CURRENT>                    27,275,289
<APPREC-INCREASE-CURRENT>                  176,925,518
<NET-CHANGE-FROM-OPS>                      203,346,905
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     4,750,066
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    325,972,580
<NUMBER-OF-SHARES-REDEEMED>                 88,096,944
<SHARES-REINVESTED>                          4,458,131
<NET-CHANGE-IN-ASSETS>                     613,850,308
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    7,424,226
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,942,606
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,560,254
<AVERAGE-NET-ASSETS>                       645,652,899
<PER-SHARE-NAV-BEGIN>                            22.68
<PER-SHARE-NII>                                 (0.03)
<PER-SHARE-GAIN-APPREC>                           4.70
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                       (0.21)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              27.14
<EXPENSE-RATIO>                                  0.012
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> MONTAG & CALDWELL BALANCED FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                      116,910,900
<INVESTMENTS-AT-VALUE>                     139,018,870
<RECEIVABLES>                                1,094,019
<ASSETS-OTHER>                                      22
<OTHER-ITEMS-ASSETS>                             6,959
<TOTAL-ASSETS>                             140,119,870
<PAYABLE-FOR-SECURITIES>                       244,654
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      204,710
<TOTAL-LIABILITIES>                            449,364
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   114,473,183
<SHARES-COMMON-STOCK>                        7,949,551
<SHARES-COMMON-PRIOR>                        5,167,798
<ACCUMULATED-NII-CURRENT>                      303,205
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      2,786,148
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    22,107,970
<NET-ASSETS>                               139,670,506
<DIVIDEND-INCOME>                              229,397
<INTEREST-INCOME>                            1,412,613
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 689,715
<NET-INVESTMENT-INCOME>                        952,295
<REALIZED-GAINS-CURRENT>                     2,819,314
<APPREC-INCREASE-CURRENT>                   10,563,907
<NET-CHANGE-FROM-OPS>                       14,335,516
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      834,653
<DISTRIBUTIONS-OF-GAINS>                     2,095,351
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     55,627,337
<NUMBER-OF-SHARES-REDEEMED>                 12,910,155
<SHARES-REINVESTED>                          2,828,759
<NET-CHANGE-IN-ASSETS>                      56,951,453
<ACCUMULATED-NII-PRIOR>                        185,563
<ACCUMULATED-GAINS-PRIOR>                    2,062,185
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          415,654
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                689,715
<AVERAGE-NET-ASSETS>                       111,759,717
<PER-SHARE-NAV-BEGIN>                            16.01
<PER-SHARE-NII>                                   0.13
<PER-SHARE-GAIN-APPREC>                           1.94
<PER-SHARE-DIVIDEND>                            (0.13)
<PER-SHARE-DISTRIBUTIONS>                       (0.38)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              17.57
<EXPENSE-RATIO>                                   .013
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> CHICAGO TRUST MUNICIPAL BOND FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                       12,664,270
<INVESTMENTS-AT-VALUE>                      12,928,733
<RECEIVABLES>                                  218,456
<ASSETS-OTHER>                                  74,821
<OTHER-ITEMS-ASSETS>                             3,354
<TOTAL-ASSETS>                              13,225,364
<PAYABLE-FOR-SECURITIES>                       300,426
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       57,941
<TOTAL-LIABILITIES>                            358,367
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    12,660,144
<SHARES-COMMON-STOCK>                        1,267,571
<SHARES-COMMON-PRIOR>                        1,215,334
<ACCUMULATED-NII-CURRENT>                       22,620
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        80,230
<ACCUM-APPREC-OR-DEPREC>                       264,463
<NET-ASSETS>                                12,866,997
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              297,615
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  39,348
<NET-INVESTMENT-INCOME>                        258,267
<REALIZED-GAINS-CURRENT>                        10,880
<APPREC-INCREASE-CURRENT>                     (55,026)
<NET-CHANGE-FROM-OPS>                          214,121
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      263,103
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        866,702
<NUMBER-OF-SHARES-REDEEMED>                    347,327
<SHARES-REINVESTED>                             17,396
<NET-CHANGE-IN-ASSETS>                         487,789
<ACCUMULATED-NII-PRIOR>                         27,456
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      91,110
<GROSS-ADVISORY-FEES>                           37,735
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 92,167
<AVERAGE-NET-ASSETS>                        12,682,468
<PER-SHARE-NAV-BEGIN>                            10.19
<PER-SHARE-NII>                                   0.23
<PER-SHARE-GAIN-APPREC>                         (0.06)
<PER-SHARE-DIVIDEND>                            (0.21)
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.15
<EXPENSE-RATIO>                                  0.006
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 4
   <NAME> CHICAGO TRUST MONEY MARKET FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                      225,413,768
<INVESTMENTS-AT-VALUE>                     239,814,768
<RECEIVABLES>                                1,230,708
<ASSETS-OTHER>                                 699,669
<OTHER-ITEMS-ASSETS>                             7,620
<TOTAL-ASSETS>                             241,752,765
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,160,832
<TOTAL-LIABILITIES>                          1,160,832
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   240,591,933
<SHARES-COMMON-STOCK>                      240,591,933
<SHARES-COMMON-PRIOR>                      238,551,474
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               240,591,933
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            7,116,190
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 636,203
<NET-INVESTMENT-INCOME>                      6,479,987
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        6,479,987
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    6,479,987
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    284,113,157
<NUMBER-OF-SHARES-REDEEMED>                282,238,211
<SHARES-REINVESTED>                            165,513
<NET-CHANGE-IN-ASSETS>                       2,040,459
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          501,524
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                660,654
<AVERAGE-NET-ASSETS>                       252,840,013
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.03
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                            (0.03)
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                  0.005
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> CHICAGO TRUST TALON FUND
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
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