<PAGE> PAGE 1
000 B000000 10/31/99
000 C000000 0000912036
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 ALLEGHANY FUNDS
001 B000000 811-8004
001 C000000 3122232139
002 A000000 171 NORTH CLARK ST
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60601
002 D020000 3294
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 12
007 C010100 1
007 C020100 ALLEGHANY/CHICAGO TRUST GROWTH & INCOME FUND
007 C030100 N
007 C010200 2
007 C020200 ALLEGHANY/CHICAGO TRUST BOND FUND
007 C030200 N
007 C010300 3
007 C020300 ALLEGHANY/CHICAGO TRUST MUNICIPAL BOND FUND
007 C030300 N
007 C010400 4
007 C020400 ALLEGHANY/CHICAGO TRUST MONEY MARKET FUND
007 C030400 N
007 C010500 5
007 C020500 ALLEGHANY/CHICAGO TRUST TALON FUND
007 C030500 N
007 C010600 6
007 C020600 ALLEGHANY/MONTAG & CALDWELL GROWTH FUND
007 C030600 N
007 C010700 7
007 C020700 ALLEGHANY/MONTAG & CALDWELL BALANCED FUND
007 C030700 N
007 C010800 8
007 C020800 ALLEGHANY/CHICAGO TRUST BALANCED FUND
007 C030800 N
007 C010900 9
007 C020900 ALLEGHANY/CHICAGO TRUST SMALL CAP VALUE FUND
007 C030900 N
007 C011000 10
<PAGE> PAGE 2
007 C021000 ALLEGHANY/VEREDUS AGGRESSIVE GROWTH FUND
007 C031000 N
007 C011100 11
007 C021100 ALLEGHANY/BLAIRLOGIE INTERNATIONAL DEVELOPED
007 C031100 N
007 C011200 12
007 C021200 ALLEGHANY/BLAIRLOGIE EMERGING MARKETS FUND
007 C031200 N
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 THE CHICAGO TRUST COMPANY
010 B00AA01 00000
010 C01AA01 CHICAGO
010 C02AA01 IL
010 C03AA01 60601
010 C04AA01 3294
010 A00AA02 FIRST DATA INVESTOR SERVICES GROUP, INC.
010 B00AA02 84-1761
010 C01AA02 WESTBORO
010 C02AA02 MA
010 C03AA02 01581
010 C04AA02 5120
011 A00AA01 FIRST DATA DISTRIBUTORS, INC.
011 B00AA01 8-45467
011 C01AA01 WESTBORO
011 C02AA01 MA
011 C03AA01 01581
011 C04AA01 5120
012 A00AA01 FIRST DATA INVESTOR SERVICES GROUP, INC.
012 B00AA01 84-1761
012 C01AA01 WESTBORO
012 C02AA01 MA
012 C03AA01 01581
012 C04AA01 5120
013 A00AA01 KPMG LLP
013 B01AA01 CHICAGO
013 B02AA01 IL
013 B03AA01 60601
013 B04AA01 9973
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 12
019 C00AA00 ALLEGHANYF
020 A000001 SALOMON SMITH BARNEY
020 B000001 13-5365580
<PAGE> PAGE 3
020 C000001 218
020 A000002 ALEX BROWN & SONS, INC.
020 B000002 52-0256630
020 C000002 155
020 A000003 DEAN WITTER REYNOLDS, INC.
020 B000003 94-1671384
020 C000003 145
020 A000004 PRUDENTIAL SECURITIES, INC.
020 B000004 22-2347336
020 C000004 136
020 A000005 MERRRILL LYNCH PIERCE FENNER & SMITH, INC.
020 B000005 13-5674085
020 C000005 127
020 A000006 INSTINET, INC.
020 B000006 13-2596491
020 C000006 115
020 A000007 DONALDSON LUFKIN & JENRETTE SECURITIES CORP.
020 B000007 13-2741729
020 C000007 114
020 A000008 MORGAN KEEGAN & CO.
020 C000008 112
020 A000009 WILSHIRE ASSOCIATES
020 C000009 110
020 A000010 FIRST BOSTON CORP.
020 B000010 13-5659485
020 C000010 101
021 000000 2888
022 A000001 BANKERS TRUST CO.
022 B000001 13-4941247
022 C000001 7825566
022 D000001 1056162
022 A000002 FIRST CHICAGO
022 C000002 6743309
022 D000002 1794
022 A000003 BANK OF AMERICA CORP.
022 C000003 3096569
022 D000003 2323
022 A000004 GOLDMAN SACHS & CO.
022 B000004 13-5108880
022 C000004 2635196
022 D000004 81237
022 A000005 BANC ONE CAPITAL CORP.
022 C000005 1078641
022 D000005 0
022 A000006 MORGAN STANLEY & CO., INC.
022 B000006 13-2655998
022 C000006 738554
022 D000006 6952
022 A000007 MERRILL LYNCH PIERCE FENNER & SMITH, INC.
022 B000007 13-5674085
022 C000007 465782
<PAGE> PAGE 4
022 D000007 14377
022 A000008 STATE STREET BANK & TRUST CO.
022 B000008 04-1867445
022 C000008 192660
022 D000008 34001
022 A000009 AMERICAN EXPRESS CREDIT CORP.
022 C000009 196200
022 D000009 9000
022 A000010 GENERAL ELECTRIC CAPITAL CORP.
022 C000010 140900
022 D000010 13000
023 C000000 25745650
023 D000000 1631409
024 00AA00 N
026 A000000 Y
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 Y
054 L00AA00 Y
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
058 A00AA00 N
<PAGE> PAGE 5
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 2500
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 Q010000 Y
078 000000 N
080 A00AA00 FEDERAL INSURANCE CO. (CHUBB)
080 C00AA00 2500
081 A00AA00 N
081 B00AA00 0
082 A00AA00 Y
082 B00AA00 10
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
008 A000101 THE CHICAGO TRUST COMPANY
008 B000101 A
008 C000101 801-00000
008 D010101 CHICAGO
008 D020101 IL
008 D030101 60601
008 D040101 3294
015 A000101 BANKERS TRUST CO.
015 B000101 C
015 C010101 NEW YORK
015 C020101 NY
015 C030101 10001
015 E010101 X
028 A010100 12999
028 A020100 0
028 A030100 0
028 A040100 5441
028 B010100 19192
028 B020100 0
028 B030100 0
028 B040100 7087
028 C010100 11895
028 C020100 0
028 C030100 0
028 C040100 7402
028 D010100 13400
028 D020100 0
028 D030100 0
028 D040100 68367
028 E010100 10688
<PAGE> PAGE 6
028 E020100 0
028 E030100 0
028 E040100 11762
028 F010100 25439
028 F020100 0
028 F030100 0
028 F040100 9188
028 G010100 93613
028 G020100 0
028 G030100 0
028 G040100 109247
028 H000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 100
043 000100 1154
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.700
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
<PAGE> PAGE 7
048 K010100 0
048 K020100 0.000
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
055 A000100 Y
055 B000100 N
056 000100 Y
057 000100 N
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 Y
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
<PAGE> PAGE 8
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 127891
071 B000100 128269
071 C000100 442123
071 D000100 29
072 A000100 12
072 B000100 992
072 C000100 2764
072 D000100 0
072 E000100 0
072 F000100 3230
072 G000100 253
072 H000100 0
072 I000100 134
072 J000100 20
072 K000100 0
072 L000100 33
072 M000100 13
072 N000100 32
072 O000100 0
072 P000100 0
072 Q000100 2
072 R000100 16
072 S000100 7
072 T000100 1154
<PAGE> PAGE 9
072 U000100 1
072 V000100 0
072 W000100 3
072 X000100 4898
072 Y000100 0
072 Z000100 -1142
072AA000100 36048
072BB000100 0
072CC010100 69358
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 23279
073 A010100 0.0000
073 A020100 0.0000
073 B000100 1.4300
073 C000100 0.0000
074 A000100 1
074 B000100 37861
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 451447
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 1669
074 M000100 37
074 N000100 491014
074 O000100 0
074 P000100 280
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 545
074 S000100 0
074 T000100 490189
074 U010100 17688
074 U020100 0
074 V010100 27.71
074 V020100 0.00
074 W000100 0.0000
074 X000100 4280
074 Y000100 0
075 A000100 0
075 B000100 461452
076 000100 0.00
008 A000201 THE CHICAGO TRUST COMPANY
<PAGE> PAGE 10
008 B000201 A
008 C000201 801-000000
008 D010201 CHICAGO
008 D020201 IL
008 D030201 60601
008 D040201 3294
015 A000201 BANKERS TRUST CO.
015 B000201 C
015 C010201 NEW YORK
015 C020201 NY
015 C030201 10001
015 E010201 X
028 A010200 2726
028 A020200 658
028 A030200 0
028 A040200 2248
028 B010200 3418
028 B020200 669
028 B030200 0
028 B040200 2977
028 C010200 7311
028 C020200 859
028 C030200 0
028 C040200 4231
028 D010200 4017
028 D020200 621
028 D030200 0
028 D040200 33737
028 E010200 2552
028 E020200 561
028 E030200 0
028 E040200 2930
028 F010200 2321
028 F020200 706
028 F030200 0
028 F040200 2800
028 G010200 22345
028 G020200 4074
028 G030200 0
028 G040200 48923
028 H000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 Y
041 000200 Y
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
<PAGE> PAGE 11
042 F000200 0
042 G000200 0
042 H000200 100
043 000200 382
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.550
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
055 A000200 Y
055 B000200 N
056 000200 Y
057 000200 N
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 2.4
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
<PAGE> PAGE 12
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 22.0
062 N000200 32.3
062 O000200 0.0
062 P000200 31.6
062 Q000200 9.4
062 R000200 2.3
063 A000200 0
063 B000200 13.0
064 A000200 Y
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
<PAGE> PAGE 13
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 72274
071 B000200 85430
071 C000200 145032
071 D000200 50
072 A000200 12
072 B000200 10459
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 841
072 G000200 84
072 H000200 0
072 I000200 25
072 J000200 23
072 K000200 0
072 L000200 7
072 M000200 4
072 N000200 19
072 O000200 0
072 P000200 0
072 Q000200 10
072 R000200 16
072 S000200 3
072 T000200 382
072 U000200 1
072 V000200 0
072 W000200 8
072 X000200 1423
072 Y000200 200
072 Z000200 9236
072AA000200 0
072BB000200 447
072CC010200 0
072CC020200 7371
072DD010200 9226
072DD020200 0
072EE000200 709
073 A010200 0.6100
073 A020200 0.0000
073 B000200 0.0500
073 C000200 0.0000
074 A000200 0
074 B000200 3217
074 C000200 0
074 D000200 127110
074 E000200 0
074 F000200 0
074 G000200 0
<PAGE> PAGE 14
074 H000200 0
074 I000200 0
074 J000200 1138
074 K000200 0
074 L000200 2138
074 M000200 4
074 N000200 133607
074 O000200 0
074 P000200 98
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 101
074 S000200 0
074 T000200 133408
074 U010200 13737
074 U020200 0
074 V010200 9.71
074 V020200 0.00
074 W000200 0.0000
074 X000200 725
074 Y000200 0
075 A000200 0
075 B000200 152875
076 000200 0.00
008 A000301 THE CHICAGO TRUST COMPANY
008 B000301 A
008 C000301 801-000000
008 D010301 CHICAGO
008 D020301 IL
008 D030301 60601
008 D040301 3294
015 A000301 BANKERS TRUST CO.
015 B000301 C
015 C010301 NEW YORK
015 C020301 NY
015 C030301 10001
015 E010301 X
028 A010300 504
028 A020300 12
028 A030300 0
028 A040300 323
028 B010300 203
028 B020300 12
028 B030300 0
028 B040300 22
028 C010300 293
028 C020300 15
028 C030300 0
028 C040300 15
<PAGE> PAGE 15
028 D010300 1385
028 D020300 13
028 D030300 0
028 D040300 1293
028 E010300 134
028 E020300 13
028 E030300 0
028 E040300 6
028 F010300 448
028 F020300 17
028 F030300 0
028 F040300 212
028 G010300 2967
028 G020300 82
028 G030300 0
028 G040300 1871
028 H000300 0
037 000300 N
038 000300 0
039 000300 N
040 000300 Y
041 000300 Y
042 A000300 0
042 B000300 0
042 C000300 0
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 100
043 000300 16
044 000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.600
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
<PAGE> PAGE 16
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 Y
053 B000300 Y
053 C000300 N
055 A000300 Y
055 B000300 N
056 000300 Y
057 000300 N
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 3.9
062 M000300 0.0
062 N000300 0.0
062 O000300 96.8
062 P000300 0.0
062 Q000300 0.0
062 R000300 -0.7
063 A000300 0
063 B000300 8.3
064 A000300 Y
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
<PAGE> PAGE 17
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 Y
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 8128
071 B000300 3508
071 C000300 15370
071 D000300 23
072 A000300 12
072 B000300 738
072 C000300 1
072 D000300 0
072 E000300 0
072 F000300 95
072 G000300 9
072 H000300 0
072 I000300 18
072 J000300 11
072 K000300 0
072 L000300 1
072 M000300 1
072 N000300 12
072 O000300 0
072 P000300 0
072 Q000300 7
<PAGE> PAGE 18
072 R000300 16
072 S000300 0
072 T000300 16
072 U000300 1
072 V000300 0
072 W000300 4
072 X000300 191
072 Y000300 175
072 Z000300 723
072AA000300 24
072BB000300 0
072CC010300 0
072CC020300 1093
072DD010300 711
072DD020300 0
072EE000300 0
073 A010300 0.4600
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 680
074 D000300 16661
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 6
074 L000300 269
074 M000300 1
074 N000300 17617
074 O000300 366
074 P000300 10
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 22
074 S000300 0
074 T000300 17219
074 U010300 1770
074 U020300 0
074 V010300 9.73
074 V020300 0.00
074 W000300 0.0000
074 X000300 101
074 Y000300 0
075 A000300 0
<PAGE> PAGE 19
075 B000300 15892
076 000300 0.00
008 A000401 THE CHICAGO TRUST COMPANY
008 B000401 A
008 C000401 801-000000
008 D010401 CHICAGO
008 D020401 IL
008 D030401 60601
008 D040401 3294
015 A000401 BANKERS TRUST CO.
015 B000401 C
015 C010401 NEW YORK
015 C020401 NY
015 C030401 10001
015 E010401 X
028 A010400 122124
028 A020400 0
028 A030400 0
028 A040400 98744
028 B010400 107163
028 B020400 163
028 B030400 0
028 B040400 114821
028 C010400 117366
028 C020400 168
028 C030400 0
028 C040400 89897
028 D010400 111997
028 D020400 171
028 D030400 0
028 D040400 97659
028 E010400 103017
028 E020400 172
028 E030400 0
028 E040400 108991
028 F010400 82819
028 F020400 384
028 F030400 0
028 F040400 71850
028 G010400 644486
028 G020400 1058
028 G030400 0
028 G040400 581962
028 H000400 0
037 000400 N
038 000400 0
039 000400 N
040 000400 N
041 000400 N
042 A000400 0
042 B000400 0
<PAGE> PAGE 20
042 C000400 0
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 0
044 000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.400
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 N
055 A000400 Y
055 B000400 N
056 000400 Y
057 000400 N
062 A000400 Y
062 B000400 3.0
062 C000400 0.0
062 D000400 0.4
062 E000400 0.0
062 F000400 0.0
062 G000400 8.0
062 H000400 0.0
<PAGE> PAGE 21
062 I000400 85.0
062 J000400 0.0
062 K000400 0.0
062 L000400 3.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.6
063 A000400 28
063 B000400 0.0
064 A000400 Y
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
<PAGE> PAGE 22
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
072 A000400 12
072 B000400 15624
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 1215
072 G000400 166
072 H000400 0
072 I000400 39
072 J000400 23
072 K000400 0
072 L000400 16
072 M000400 8
072 N000400 31
072 O000400 0
072 P000400 0
072 Q000400 2
072 R000400 16
072 S000400 5
072 T000400 0
072 U000400 1
072 V000400 0
072 W000400 21
072 X000400 1543
072 Y000400 0
072 Z000400 14081
072AA000400 0
072BB000400 0
072CC010400 0
072CC020400 0
072DD010400 14081
072DD020400 0
072EE000400 0
073 A010400 0.0500
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 1196
074 C000400 331893
074 D000400 0
074 E000400 0
074 F000400 0
<PAGE> PAGE 23
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 3544
074 M000400 0
074 N000400 336633
074 O000400 0
074 P000400 118
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 1375
074 S000400 0
074 T000400 335140
074 U010400 335140
074 U020400 0
074 V010400 1.00
074 V020400 0.00
074 W000400 1.0037
074 X000400 1437
074 Y000400 0
075 A000400 303797
075 B000400 0
076 000400 0.00
008 A000501 THE CHICAGO TRUST COMPANY
008 B000501 A
008 C000501 801-000000
008 D010501 CHICAGO
008 D020501 IL
008 D030501 60601
008 D040501 3294
008 A000502 TALON ASSET MANAGEMENT, INC.
008 B000502 S
008 C000502 801-000000
008 D010502 CHICAGO
008 D020502 IL
008 D030502 60606
015 A000501 BANKERS TRUST CO.
015 B000501 C
015 C010501 NEW YORK
015 C020501 NY
015 C030501 10001
015 E010501 X
028 A010500 202
028 A020500 0
028 A030500 0
028 A040500 556
028 B010500 152
<PAGE> PAGE 24
028 B020500 0
028 B030500 0
028 B040500 1482
028 C010500 218
028 C020500 0
028 C030500 0
028 C040500 721
028 D010500 247
028 D020500 0
028 D030500 0
028 D040500 484
028 E010500 228
028 E020500 0
028 E030500 0
028 E040500 437
028 F010500 356
028 F020500 0
028 F030500 0
028 F040500 276
028 G010500 1403
028 G020500 0
028 G030500 0
028 G040500 3956
028 H000500 0
037 000500 N
038 000500 0
039 000500 N
040 000500 Y
041 000500 Y
042 A000500 0
042 B000500 0
042 C000500 0
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 100
043 000500 51
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.800
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
<PAGE> PAGE 25
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
053 B000500 Y
053 C000500 N
055 A000500 Y
055 B000500 N
056 000500 Y
057 000500 N
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
066 A000500 Y
066 B000500 N
066 C000500 Y
066 D000500 N
066 E000500 N
066 F000500 N
<PAGE> PAGE 26
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
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 Y
070 K020500 Y
070 L010500 Y
070 L020500 Y
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 19775
071 B000500 25017
071 C000500 19495
071 D000500 101
072 A000500 12
072 B000500 54
072 C000500 151
072 D000500 0
072 E000500 0
072 F000500 164
<PAGE> PAGE 27
072 G000500 11
072 H000500 0
072 I000500 29
072 J000500 14
072 K000500 0
072 L000500 2
072 M000500 1
072 N000500 13
072 O000500 0
072 P000500 0
072 Q000500 2
072 R000500 16
072 S000500 0
072 T000500 51
072 U000500 3
072 V000500 0
072 W000500 2
072 X000500 308
072 Y000500 41
072 Z000500 -62
072AA000500 567
072BB000500 0
072CC010500 187
072CC020500 0
072DD010500 8
072DD020500 0
072EE000500 0
073 A010500 0.0049
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 1200
074 D000500 0
074 E000500 377
074 F000500 15698
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 1142
074 K000500 0
074 L000500 172
074 M000500 0
074 N000500 18589
074 O000500 940
074 P000500 34
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
<PAGE> PAGE 28
074 R040500 29
074 S000500 0
074 T000500 17586
074 U010500 1307
074 U020500 0
074 V010500 13.45
074 V020500 0.00
074 W000500 0.0000
074 X000500 842
074 Y000500 0
075 A000500 0
075 B000500 20539
076 000500 0.00
008 A000601 MONTAG & CALDWELL, INC.
008 B000601 A
008 C000601 801-15398
008 D010601 ATLANTA
008 D020601 GA
008 D030601 30326
008 D040601 1022
015 A000601 BANKERS TRUST CO.
015 B000601 C
015 C010601 NEW YORK
015 C020601 NY
015 C030601 10001
015 E010601 X
028 A010600 187457
028 A020600 0
028 A030600 0
028 A040600 132221
028 B010600 141167
028 B020600 177
028 B030600 0
028 B040600 119995
028 C010600 123474
028 C020600 0
028 C030600 0
028 C040600 106831
028 D010600 155789
028 D020600 0
028 D030600 0
028 D040600 115151
028 E010600 177265
028 E020600 0
028 E030600 0
028 E040600 89669
028 F010600 123993
028 F020600 0
028 F030600 0
028 F040600 73170
028 G010600 909145
<PAGE> PAGE 29
028 G020600 177
028 G030600 0
028 G040600 637037
028 H000600 0
037 000600 N
038 000600 0
039 000600 N
040 000600 Y
041 000600 Y
042 A000600 0
042 B000600 0
042 C000600 0
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 100
043 000600 3423
044 000600 0
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.000
048 A010600 800000
048 A020600 0.800
048 B010600 0
048 B020600 0.000
048 C010600 0
048 C020600 0.000
048 D010600 0
048 D020600 0.000
048 E010600 0
048 E020600 0.000
048 F010600 0
048 F020600 0.000
048 G010600 0
048 G020600 0.000
048 H010600 0
048 H020600 0.000
048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 800000
048 K020600 0.600
049 000600 N
050 000600 N
051 000600 N
052 000600 N
053 A000600 N
055 A000600 N
<PAGE> PAGE 30
055 B000600 N
056 000600 Y
057 000600 N
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
062 K000600 0.0
062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
063 A000600 0
063 B000600 0.0
066 A000600 Y
066 B000600 N
066 C000600 Y
066 D000600 N
066 E000600 N
066 F000600 N
066 G000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 Y
<PAGE> PAGE 31
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 Y
070 M010600 N
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 1305997
071 B000600 736043
071 C000600 2330320
071 D000600 32
072 A000600 12
072 B000600 951
072 C000600 21192
072 D000600 0
072 E000600 0
072 F000600 16452
072 G000600 1356
072 H000600 0
072 I000600 808
072 J000600 26
072 K000600 0
072 L000600 179
072 M000600 73
072 N000600 272
072 O000600 0
072 P000600 0
072 Q000600 2
072 R000600 18
072 S000600 40
072 T000600 3423
072 U000600 3
072 V000600 0
072 W000600 130
072 X000600 22782
072 Y000600 0
072 Z000600 -639
072AA000600 148879
072BB000600 0
<PAGE> PAGE 32
072CC010600 416155
072CC020600 0
072DD010600 0
072DD020600 0
072EE000600 64002
073 A010600 0.0000
073 A020600 0.0000
073 B000600 0.9400
073 C000600 0.0000
074 A000600 0
074 B000600 0
074 C000600 122146
074 D000600 0
074 E000600 0
074 F000600 2818411
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 44691
074 K000600 0
074 L000600 6176
074 M000600 4
074 N000600 2991428
074 O000600 3686
074 P000600 1583
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 3690
074 S000600 0
074 T000600 2982469
074 U010600 48658
074 U020600 40936
074 V010600 33.15
074 V020600 33.46
074 W000600 0.0000
074 X000600 14413
074 Y000600 0
075 A000600 0
075 B000600 2475326
076 000600 0.00
008 A000701 MONTAG & CALDWELL, INC.
008 B000701 A
008 C000701 801-15398
008 D010701 ATLANTA
008 D020701 GA
008 D030701 30326
008 D040701 1022
015 A000701 BANKERS TRUST CO.
015 B000701 C
<PAGE> PAGE 33
015 C010701 NEW YORK
015 C020701 NY
015 C030701 10001
015 E010701 X
028 A010700 8058
028 A020700 0
028 A030700 0
028 A040700 3454
028 B010700 6647
028 B020700 771
028 B030700 0
028 B040700 2174
028 C010700 9973
028 C020700 0
028 C030700 0
028 C040700 7342
028 D010700 10067
028 D020700 0
028 D030700 0
028 D040700 5306
028 E010700 7831
028 E020700 1011
028 E030700 0
028 E040700 6513
028 F010700 10433
028 F020700 0
028 F030700 0
028 F040700 5822
028 G010700 53009
028 G020700 1782
028 G030700 0
028 G040700 30611
028 H000700 0
037 000700 N
038 000700 0
039 000700 N
040 000700 Y
041 000700 Y
042 A000700 0
042 B000700 0
042 C000700 0
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 100
043 000700 391
044 000700 0
045 000700 Y
046 000700 N
047 000700 Y
<PAGE> PAGE 34
048 000700 0.750
048 A010700 0
048 A020700 0.000
048 B010700 0
048 B020700 0.000
048 C010700 0
048 C020700 0.000
048 D010700 0
048 D020700 0.000
048 E010700 0
048 E020700 0.000
048 F010700 0
048 F020700 0.000
048 G010700 0
048 G020700 0.000
048 H010700 0
048 H020700 0.000
048 I010700 0
048 I020700 0.000
048 J010700 0
048 J020700 0.000
048 K010700 0
048 K020700 0.000
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 N
055 A000700 Y
055 B000700 N
056 000700 Y
057 000700 N
062 A000700 N
062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 0.0
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
<PAGE> PAGE 35
063 B000700 0.0
066 A000700 Y
066 B000700 N
066 C000700 N
066 D000700 N
066 E000700 N
066 F000700 N
066 G000700 Y
067 000700 Y
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 Y
070 L010700 Y
070 L020700 Y
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 129218
071 B000700 69166
071 C000700 198877
<PAGE> PAGE 36
071 D000700 35
072 A000700 12
072 B000700 4570
072 C000700 1087
072 D000700 0
072 E000700 0
072 F000700 1586
072 G000700 116
072 H000700 0
072 I000700 61
072 J000700 22
072 K000700 0
072 L000700 13
072 M000700 5
072 N000700 48
072 O000700 0
072 P000700 0
072 Q000700 6
072 R000700 18
072 S000700 3
072 T000700 391
072 U000700 3
072 V000700 0
072 W000700 5
072 X000700 2277
072 Y000700 0
072 Z000700 3380
072AA000700 12323
072BB000700 0
072CC010700 15441
072CC020700 0
072DD010700 2254
072DD020700 817
072EE000700 8904
073 A010700 0.2700
073 A020700 0.2200
073 B000700 0.9400
073 C000700 0.0000
074 A000700 0
074 B000700 6533
074 C000700 112
074 D000700 88044
074 E000700 0
074 F000700 155271
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 2866
074 K000700 0
074 L000700 1909
074 M000700 0
<PAGE> PAGE 37
074 N000700 254735
074 O000700 2573
074 P000700 154
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 816
074 S000700 0
074 T000700 251192
074 U010700 8257
074 U020700 4681
074 V010700 19.41
074 V020700 19.42
074 W000700 0.0000
074 X000700 1460
074 Y000700 0
075 A000700 0
075 B000700 211445
076 000700 0.00
008 A000801 THE CHICAGO TRUST COMPANY
008 B000801 A
008 C000801 801-00000
008 D010801 CHICAGO
008 D020801 IL
008 D030801 60601
008 D040801 3294
015 A000801 BANKERS TRUST CO.
015 B000801 C
015 C010801 NEW YORK
015 C020801 NY
015 C030801 10001
015 E010801 X
028 A010800 5708
028 A020800 0
028 A030800 0
028 A040800 5705
028 B010800 11462
028 B020800 1368
028 B030800 0
028 B040800 3713
028 C010800 8538
028 C020800 0
028 C030800 0
028 C040800 4700
028 D010800 4722
028 D020800 0
028 D030800 0
028 D040800 5868
028 E010800 9028
028 E020800 1549
<PAGE> PAGE 38
028 E030800 0
028 E040800 3993
028 F010800 6728
028 F020800 0
028 F030800 0
028 F040800 7589
028 G010800 46186
028 G020800 2917
028 G030800 0
028 G040800 31568
028 H000800 0
037 000800 N
038 000800 0
039 000800 N
040 000800 Y
041 000800 Y
042 A000800 0
042 B000800 0
042 C000800 0
042 D000800 0
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 100
043 000800 665
044 000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.700
048 A010800 0
048 A020800 0.000
048 B010800 0
048 B020800 0.000
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 0
<PAGE> PAGE 39
048 K020800 0.000
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 N
055 A000800 Y
055 B000800 N
056 000800 Y
057 000800 N
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 0.0
066 A000800 Y
066 B000800 N
066 C000800 N
066 D000800 Y
066 E000800 N
066 F000800 N
066 G000800 N
067 000800 Y
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
<PAGE> PAGE 40
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 Y
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 95477
071 B000800 63202
071 C000800 252293
071 D000800 25
072 A000800 12
072 B000800 7507
072 C000800 978
072 D000800 0
072 E000800 0
072 F000800 1861
072 G000800 146
072 H000800 0
072 I000800 24
072 J000800 24
072 K000800 0
072 L000800 14
072 M000800 7
072 N000800 30
072 O000800 0
072 P000800 0
072 Q000800 12
072 R000800 16
072 S000800 4
072 T000800 665
072 U000800 1
<PAGE> PAGE 41
072 V000800 0
072 W000800 6
072 X000800 2810
072 Y000800 0
072 Z000800 5675
072AA000800 8203
072BB000800 0
072CC010800 25536
072CC020800 0
072DD010800 5364
072DD020800 0
072EE000800 13011
073 A010800 0.2600
073 A020800 0.0000
073 B000800 0.7100
073 C000800 0.0000
074 A000800 0
074 B000800 15920
074 C000800 0
074 D000800 108260
074 E000800 0
074 F000800 168021
074 G000800 0
074 H000800 0
074 I000800 0
074 J000800 920
074 K000800 0
074 L000800 1742
074 M000800 14
074 N000800 294877
074 O000800 0
074 P000800 284
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 167
074 S000800 0
074 T000800 294426
074 U010800 22581
074 U020800 0
074 V010800 13.04
074 V020800 0.00
074 W000800 0.0000
074 X000800 656
074 Y000800 0
075 A000800 0
075 B000800 265894
076 000800 0.00
008 A000901 THE CHICAGO TRUST COMPANY
008 B000901 A
<PAGE> PAGE 42
008 C000901 801-00000
008 D010901 CHICAGO
008 D020901 IL
008 D030901 60601
008 D040901 3294
015 A000901 BANKERS TRUST CO.
015 B000901 C
015 C010901 NEW YORK
015 C020901 NY
015 C030901 10001
015 E010901 X
028 A010900 2788
028 A020900 0
028 A030900 0
028 A040900 1902
028 B010900 606
028 B020900 0
028 B030900 0
028 B040900 659
028 C010900 1766
028 C020900 0
028 C030900 0
028 C040900 378
028 D010900 2585
028 D020900 0
028 D030900 0
028 D040900 726
028 E010900 2128
028 E020900 0
028 E030900 0
028 E040900 1511
028 F010900 1371
028 F020900 0
028 F030900 0
028 F040900 626
028 G010900 11244
028 G020900 0
028 G030900 0
028 G040900 5802
028 H000900 0
037 000900 N
038 000900 0
039 000900 N
040 000900 Y
041 000900 Y
042 A000900 0
042 B000900 0
042 C000900 0
042 D000900 0
042 E000900 0
042 F000900 0
<PAGE> PAGE 43
042 G000900 0
042 H000900 100
043 000900 90
044 000900 0
045 000900 Y
046 000900 N
047 000900 Y
048 000900 1.000
048 A010900 0
048 A020900 0.000
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
049 000900 N
050 000900 N
051 000900 N
052 000900 N
053 A000900 Y
053 B000900 Y
053 C000900 N
055 A000900 Y
055 B000900 N
056 000900 Y
057 000900 N
062 A000900 N
062 B000900 0.0
062 C000900 0.0
062 D000900 0.0
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
<PAGE> PAGE 44
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 0.0
062 Q000900 0.0
062 R000900 0.0
063 A000900 0
063 B000900 0.0
066 A000900 Y
066 B000900 N
066 C000900 N
066 D000900 N
066 E000900 N
066 F000900 N
066 G000900 Y
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 N
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 N
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
<PAGE> PAGE 45
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 95302
071 B000900 50428
071 C000900 32213
071 D000900 157
072 A000900 12
072 B000900 147
072 C000900 537
072 D000900 0
072 E000900 0
072 F000900 359
072 G000900 19
072 H000900 0
072 I000900 22
072 J000900 15
072 K000900 0
072 L000900 3
072 M000900 0
072 N000900 26
072 O000900 0
072 P000900 0
072 Q000900 3
072 R000900 15
072 S000900 1
072 T000900 90
072 U000900 0
072 V000900 0
072 W000900 1
072 X000900 554
072 Y000900 53
072 Z000900 183
072AA000900 0
072BB000900 1284
072CC010900 0
072CC020900 1848
072DD010900 36
072DD020900 0
072EE000900 0
073 A010900 0.0100
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 0
074 B000900 162
074 C000900 0
074 D000900 0
<PAGE> PAGE 46
074 E000900 0
074 F000900 41742
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 313
074 K000900 0
074 L000900 448
074 M000900 35
074 N000900 42700
074 O000900 88
074 P000900 32
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 102
074 S000900 0
074 T000900 42478
074 U010900 4625
074 U020900 0
074 V010900 9.18
074 V020900 0.00
074 W000900 0.0000
074 X000900 211
074 Y000900 0
075 A000900 0
075 B000900 36756
076 000900 0.00
008 A001001 VEREDUS ASSET MANAGEMENT, LLC
008 B001001 A
008 C001001 801-287802
008 D011001 LOUISVILLE
008 D021001 KY
008 D031001 40206
015 A001001 BANKERS TRUST CO.
015 B001001 C
015 C011001 NEW YORK
015 C021001 NY
015 C031001 10001
015 E011001 X
028 A011000 1610
028 A021000 0
028 A031000 0
028 A041000 863
028 B011000 3715
028 B021000 0
028 B031000 0
028 B041000 705
028 C011000 6428
028 C021000 0
<PAGE> PAGE 47
028 C031000 0
028 C041000 1842
028 D011000 1825
028 D021000 0
028 D031000 0
028 D041000 481
028 E011000 3672
028 E021000 0
028 E031000 0
028 E041000 1174
028 F011000 5786
028 F021000 0
028 F031000 0
028 F041000 2453
028 G011000 23036
028 G021000 0
028 G031000 0
028 G041000 7518
028 H001000 0
037 001000 N
038 001000 0
039 001000 N
040 001000 Y
041 001000 Y
042 A001000 0
042 B001000 0
042 C001000 0
042 D001000 0
042 E001000 0
042 F001000 0
042 G001000 0
042 H001000 100
043 001000 74
044 001000 0
045 001000 Y
046 001000 N
047 001000 Y
048 001000 1.000
048 A011000 0
048 A021000 0.000
048 B011000 0
048 B021000 0.000
048 C011000 0
048 C021000 0.000
048 D011000 0
048 D021000 0.000
048 E011000 0
048 E021000 0.000
048 F011000 0
048 F021000 0.000
048 G011000 0
<PAGE> PAGE 48
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
049 001000 N
050 001000 N
051 001000 N
052 001000 N
053 A001000 Y
053 B001000 Y
055 A001000 Y
055 B001000 N
056 001000 Y
057 001000 N
062 A001000 N
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
063 A001000 0
063 B001000 0.0
066 A001000 Y
066 B001000 N
066 C001000 Y
066 D001000 N
066 E001000 N
066 F001000 N
066 G001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
<PAGE> PAGE 49
070 A021000 Y
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 Y
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 81367
071 B001000 58459
071 C001000 28619
071 D001000 204
072 A001000 12
072 B001000 146
072 C001000 17
072 D001000 0
072 E001000 0
072 F001000 312
072 G001000 16
072 H001000 0
072 I001000 22
072 J001000 13
072 K001000 0
072 L001000 2
<PAGE> PAGE 50
072 M001000 4
072 N001000 20
072 O001000 0
072 P001000 0
072 Q001000 2
072 R001000 15
072 S001000 0
072 T001000 74
072 U001000 5
072 V001000 0
072 W001000 1
072 X001000 486
072 Y001000 53
072 Z001000 -270
072AA001000 9807
072BB001000 0
072CC011000 10248
072CC021000 0
072DD011000 0
072DD021000 0
072EE001000 0
073 A011000 0.0000
073 A021000 0.0000
073 B001000 0.0000
073 C001000 0.0000
074 A001000 341
074 B001000 0
074 C001000 3120
074 D001000 0
074 E001000 0
074 F001000 54964
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 860
074 K001000 0
074 L001000 306
074 M001000 30
074 N001000 59621
074 O001000 2195
074 P001000 40
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 104
074 S001000 0
074 T001000 57282
074 U011000 3450
074 U021000 0
074 V011000 16.60
<PAGE> PAGE 51
074 V021000 0.00
074 W001000 0.0000
074 X001000 789
074 Y001000 0
075 A001000 0
075 B001000 30859
076 001000 0.00
008 A001101 BLAIRLOGIE CAPITAL MANAGEMENT
008 B001101 A
008 C001101 801-00000
008 D011101 EDINBURGH
008 D051101 SCOTLAND
008 D061101 EH2 4AD
015 A001101 INVESTORS FIDUCIARY TRUST CO.
015 B001101 C
015 C011101 KANSAS CITY
015 C021101 MO
015 C031101 64105
015 C041101 1307
015 E011101 X
028 A011100 15709
028 A021100 0
028 A031100 0
028 A041100 12953
028 B011100 12261
028 B021100 0
028 B031100 0
028 B041100 18727
028 C011100 12675
028 C021100 0
028 C031100 0
028 C041100 13478
028 D011100 5526
028 D021100 0
028 D031100 0
028 D041100 8687
028 E011100 7618
028 E021100 0
028 E031100 0
028 E041100 6048
028 F011100 9810
028 F021100 0
028 F031100 0
028 F041100 11115
028 G011100 63599
028 G021100 0
028 G031100 0
028 G041100 71008
028 H001100 0
037 001100 N
038 001100 0
<PAGE> PAGE 52
039 001100 N
040 001100 Y
041 001100 Y
042 A001100 0
042 B001100 0
042 C001100 0
042 D001100 0
042 E001100 0
042 F001100 0
042 G001100 0
042 H001100 100
043 001100 9
044 001100 0
045 001100 Y
046 001100 N
047 001100 Y
048 001100 0.850
048 A011100 0
048 A021100 0.000
048 B011100 0
048 B021100 0.000
048 C011100 0
048 C021100 0.000
048 D011100 0
048 D021100 0.000
048 E011100 0
048 E021100 0.000
048 F011100 0
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 0
048 K021100 0.000
049 001100 N
050 001100 N
051 001100 N
052 001100 N
053 A001100 Y
053 B001100 Y
053 C001100 N
055 A001100 Y
055 B001100 N
056 001100 Y
057 001100 N
062 A001100 N
<PAGE> PAGE 53
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
063 A001100 0
063 B001100 0.0
066 A001100 Y
066 B001100 N
066 C001100 N
066 D001100 Y
066 E001100 N
066 F001100 N
066 G001100 N
067 001100 N
068 A001100 N
068 B001100 Y
069 001100 N
070 A011100 Y
070 A021100 N
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 Y
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 Y
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
<PAGE> PAGE 54
070 K021100 N
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 N
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
071 A001100 29193
071 B001100 42445
071 C001100 102192
071 D001100 29
072 A001100 6
072 B001100 18
072 C001100 1228
072 D001100 0
072 E001100 0
072 F001100 440
072 G001100 28
072 H001100 0
072 I001100 10
072 J001100 64
072 K001100 0
072 L001100 5
072 M001100 2
072 N001100 12
072 O001100 0
072 P001100 0
072 Q001100 13
072 R001100 16
072 S001100 1
072 T001100 9
072 U001100 0
072 V001100 0
072 W001100 35
072 X001100 635
072 Y001100 30
072 Z001100 641
072AA001100 8646
072BB001100 0
072CC011100 0
072CC021100 3656
072DD011100 0
072DD021100 0
072EE001100 0
073 A011100 0.0000
<PAGE> PAGE 55
073 A021100 0.0000
073 B001100 0.0000
073 C001100 0.0000
074 A001100 991
074 B001100 0
074 C001100 973
074 D001100 3695
074 E001100 563
074 F001100 94746
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 474
074 K001100 0
074 L001100 5027
074 M001100 0
074 N001100 106469
074 O001100 1717
074 P001100 70
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 99
074 S001100 0
074 T001100 104583
074 U011100 562
074 U021100 7243
074 V011100 13.37
074 V021100 13.40
074 W001100 0.0000
074 X001100 544
074 Y001100 0
075 A001100 0
075 B001100 102637
076 001100 0.00
008 A001201 BLAIRLOGIE CAPITAL MANAGEMENT
008 B001201 A
008 C001201 801-00000
008 D011201 EDINBURGH
008 D051201 SCOTLAND
008 D061201 EH2 4AD
015 A001201 INVESTORS FIDUCIARY TRUST CO.
015 B001201 C
015 C011201 KANSAS CITY
015 C021201 MO
015 C031201 64105
015 C041201 1307
015 E011201 X
028 A011200 1682
028 A021200 0
<PAGE> PAGE 56
028 A031200 0
028 A041200 1423
028 B011200 337
028 B021200 0
028 B031200 0
028 B041200 2430
028 C011200 1230
028 C021200 0
028 C031200 0
028 C041200 523
028 D011200 218
028 D021200 0
028 D031200 0
028 D041200 1816
028 E011200 996
028 E021200 0
028 E031200 0
028 E041200 454
028 F011200 1669
028 F021200 0
028 F031200 0
028 F041200 740
028 G011200 6132
028 G021200 0
028 G031200 0
028 G041200 7386
028 H001200 0
037 001200 N
038 001200 0
039 001200 N
040 001200 Y
041 001200 Y
042 A001200 0
042 B001200 0
042 C001200 0
042 D001200 0
042 E001200 0
042 F001200 0
042 G001200 0
042 H001200 100
043 001200 2
044 001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 0.850
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
<PAGE> PAGE 57
048 C021200 0.000
048 D011200 0
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
049 001200 N
050 001200 N
051 001200 N
052 001200 N
053 A001200 Y
053 B001200 Y
053 C001200 N
055 A001200 Y
055 B001200 N
056 001200 Y
057 001200 N
062 A001200 N
062 B001200 0.0
062 C001200 0.0
062 D001200 0.0
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 0.0
062 R001200 0.0
063 A001200 0
063 B001200 0.0
066 A001200 Y
066 B001200 N
066 C001200 N
<PAGE> PAGE 58
066 D001200 Y
066 E001200 N
066 F001200 N
066 G001200 N
067 001200 N
068 A001200 N
068 B001200 Y
069 001200 N
070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 Y
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 Y
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 N
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
071 A001200 8128
071 B001200 9524
071 C001200 17320
071 D001200 47
072 A001200 6
072 B001200 13
072 C001200 222
072 D001200 0
072 E001200 0
<PAGE> PAGE 59
072 F001200 78
072 G001200 5
072 H001200 0
072 I001200 5
072 J001200 39
072 K001200 0
072 L001200 1
072 M001200 0
072 N001200 11
072 O001200 0
072 P001200 0
072 Q001200 12
072 R001200 16
072 S001200 0
072 T001200 2
072 U001200 0
072 V001200 0
072 W001200 8
072 X001200 177
072 Y001200 44
072 Z001200 102
072AA001200 375
072BB001200 0
072CC011200 81
072CC021200 0
072DD011200 0
072DD021200 0
072EE001200 0
073 A011200 0.0000
073 A021200 0.0000
073 B001200 0.0000
073 C001200 0.0000
074 A001200 147
074 B001200 0
074 C001200 1374
074 D001200 166
074 E001200 1425
074 F001200 14486
074 G001200 0
074 H001200 0
074 I001200 0
074 J001200 102
074 K001200 0
074 L001200 1047
074 M001200 1
074 N001200 18748
074 O001200 348
074 P001200 4
074 Q001200 0
074 R011200 0
074 R021200 0
<PAGE> PAGE 60
074 R031200 0
074 R041200 88
074 S001200 0
074 T001200 18308
074 U011200 161
074 U021200 1537
074 V011200 10.75
074 V021200 10.79
074 W001200 0.0000
074 X001200 279
074 Y001200 0
075 A001200 0
075 B001200 18206
076 001200 0.00
SIGNATURE LAURA HLADE
TITLE ASSISTANT TREASURER
Independent Auditors' Report on Internal Accounting Control
The Board of Trustees and Shareowners of
the Alleghany Funds:
In planning and performing our audit of the financial statements of the
Alleghany-Montag & Caldwell Growth Fund, Alleghany-Chicago Trust Growth &
Income Fund, Alleghany-Chicago Trust Talon Fund,
Alleghany-Chicago Trust Small Cap Value Fund, Alleghany-Veredus Aggressive
Growth Fund, Alleghany-Montag & Caldwell Balanced Fund, Alleghany-Chicago
Trust Balanced Fund, Alleghany-Chicago Trust Bond Fund, Alleghany-Chicago
Trust Municipal Bond Fund, Alleghany-Chicago Trust Money Market Fund,
Alleghany-Blairlogie Emerging Markets Fund and Alleghany-Blairlogie
International Developed Fund comprising the Alleghany Funds (the Funds) for
the period ended October 31, 1999, we considered its internal control,
including control activities for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion
on the financial statements and to comply with the requirements of Form
N-SAR, not to provide assurance on internal control.
The management of the Alleghany Funds is responsible for establishing and
maintaining internal control. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected benefits and
related costs of controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial statements for
external purposes that are fairly presented in conformity with generally
accepted accounting principles. Those controls include the safeguarding of
assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, error or fraud may occur
and not be detected. Also, projection of any evaluation of internal control
to future periods is subject to the risk that it may become inadequate
because of changes in conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of internal control would not necessarily disclose all
matters in internal control that might be a material weakness under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or
more of the internal control components does not reduce to a relatively low
level the risk that misstatements caused by error or fraud in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no
matters involving internal control and its operation, including controls for
safeguarding securities that we consider to be material weaknesses as defined
above as of October 31, 1999.
This report is intended solely for the information and use of management, the
Board of Trustees of the Alleghany Funds, and the Securities and Exchange
Commission.
December 16, 1999
Alleghany Funds
Special Meting of Shareholders
June 17, 1999
PROPOSAL NO. 1
The Special Meeting of Shareholders was held for the purpose of electing four
(4) new Trustees of the Trust.
Shares voted for: Shares withheld:
Dorothea Gilliam 362,001,955 1,799,393
Robert Kushner 362,196,970 1,604,378
Robert Scherer 362,951,668 1,849,680
Denis Springer 361,940,022 1,861,326
PROPOSAL NO. 2
The Special Meeting of Shareholders was also held for the purpose of
approving or disapproving proposed changes to the investment objective of
each Fund, with the exception of Alleghany-Chicago Trust Money Market Fund.
FUND FOR AGAINST ABSTAIN
Alleghany-Montag & Caldwell
Growth Fund-Class N & I 30,223,475 984,222 512,837
Alleghany-Chicago Trust
Growth & Income Fund 6,208,799 381,689 8,765,163
Alleghany-Chicago Trust
Talon Fund 688,472 2,474 3,820
Alleghany-Chicago Trust
Small Cap Value Fund 3,185,094 15,864 103
Alleghany-Veredus
Aggressive Growth Fund 1,423,476 0 57,716
Alleghany-Montag & Caldwell
Balanced Fund-Class N & I 5,519,458 946,192 105,659
Alleghany-Chicago Trust
Balanced Fund 10,355,600 152,858 40,182
Alleghany-Chicago Trust
Bond Fund 8,427,257 17,947 3,380,490
Alleghany-Chicago Trust
Municipal Bond Fund 41,840 1,907 1,266,716
PROPOSAL NO. 3
The Special Meeting of Shareholders was also held for the purpose of
approving or disapproving the existing investment advisory agreements between
the Chicago Trust Company and certain Funds of the Trust, in order to eliminate
the Amended and Restated Guaranty Agreement of Chicago Title & Trust Company,
which is no longer affiliated with the Chicago Trust Company.
FUND FOR AGAINST ABSTAIN
Alleghany-Chicago Trust
Growth & Income Fund 15,683,222 376,319 115,114
Alleghany-Chicago Trust
Talon Fund 716,752 1,687 58
Alleghany-Chicago Trust
Balanced Fund 10,276,799 150,643 167,285
Alleghany-Chicago Trust
Bond Fund 11,852,316 9,928 88,278
Alleghany-Chicago Trust
Municipal Bond Fund 1,310,473 0 0
Alleghany-Chicago Trust
Money Market Fund 261,743,645 294,639 450,153
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 010
<NAME> ALLEGHANY/CHICAGO TRUST GROWTH & INCOME FUND - CLASS N
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 295,565,050
<INVESTMENTS-AT-VALUE> 489,307,899
<RECEIVABLES> 1,668,956
<ASSETS-OTHER> 37,429
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 491,014,284
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 825,502
<TOTAL-LIABILITIES> 825,502
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 260,397,998
<SHARES-COMMON-STOCK> 17,687,623
<SHARES-COMMON-PRIOR> 15,946,790
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 36,047,935
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 193,742,849
<NET-ASSETS> 490,188,782
<DIVIDEND-INCOME> 2,764,146
<INTEREST-INCOME> 991,694
<OTHER-INCOME> 0
<EXPENSES-NET> (4,897,652)
<NET-INVESTMENT-INCOME> (1,141,812)
<REALIZED-GAINS-CURRENT> 36,048,190
<APPREC-INCREASE-CURRENT> 69,358,356
<NET-CHANGE-FROM-OPS> 104,264,734
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (23,278,710)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,050,057
<NUMBER-OF-SHARES-REDEEMED> 6,314,269
<SHARES-REINVESTED> 1,005,045
<NET-CHANGE-IN-ASSETS> 122,522,340
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 23,278,455
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,230,163
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,897,652
<AVERAGE-NET-ASSETS> 461,451,875
<PER-SHARE-NAV-BEGIN> 23.06
<PER-SHARE-NII> (.06)
<PER-SHARE-GAIN-APPREC> 6.14
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.43)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 27.71
<EXPENSE-RATIO> 1.06
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 020
<NAME> ALLEGHANY/CHICAGO TRUST BOND FUND - CLASS N
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 130,327,080
<INVESTMENTS-AT-VALUE> 130,383,495
<RECEIVABLES> 3,276,406
<ASSETS-OTHER> 4,090
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 133,663,991
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 199,421
<TOTAL-LIABILITIES> 199,421
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 137,342,122
<SHARES-COMMON-STOCK> 13,736,815
<SHARES-COMMON-PRIOR> 15,636,666
<ACCUMULATED-NII-CURRENT> 426,916
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 451,645
<ACCUM-APPREC-OR-DEPREC> (3,909,238)
<NET-ASSETS> 133,408,155
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10,459,376
<OTHER-INCOME> 0
<EXPENSES-NET> (1,223,286)
<NET-INVESTMENT-INCOME> 9,236,090
<REALIZED-GAINS-CURRENT> (446,987)
<APPREC-INCREASE-CURRENT> (7,370,531)
<NET-CHANGE-FROM-OPS> 1,418,572
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9,226,493)
<DISTRIBUTIONS-OF-GAINS> (708,779)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,672,863
<NUMBER-OF-SHARES-REDEEMED> 7,442,578
<SHARES-REINVESTED> 869,864
<NET-CHANGE-IN-ASSETS> (27,153,065)
<ACCUMULATED-NII-PRIOR> 412,661
<ACCUMULATED-GAINS-PRIOR> 708,779
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 840,813
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,423,081
<AVERAGE-NET-ASSETS> 152,875,170
<PER-SHARE-NAV-BEGIN> 10.27
<PER-SHARE-NII> .61
<PER-SHARE-GAIN-APPREC> (.51)
<PER-SHARE-DIVIDEND> (.61)
<PER-SHARE-DISTRIBUTIONS> (.05)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.71
<EXPENSE-RATIO> .80
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 030
<NAME> ALLEGHANY/CHICAGO TRUST MUNICIPAL BOND FUND - CLASS N
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 17,938,655
<INVESTMENTS-AT-VALUE> 17,340,586
<RECEIVABLES> 275,466
<ASSETS-OTHER> 1,425
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 17,617,477
<PAYABLE-FOR-SECURITIES> 365,985
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 32,197
<TOTAL-LIABILITIES> 398,182
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17,789,668
<SHARES-COMMON-STOCK> 1,769,602
<SHARES-COMMON-PRIOR> 1,274,844
<ACCUMULATED-NII-CURRENT> 37,926
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 10,230
<ACCUM-APPREC-OR-DEPREC> (598,069)
<NET-ASSETS> 17,219,295
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 738,625
<OTHER-INCOME> 0
<EXPENSES-NET> (15,893)
<NET-INVESTMENT-INCOME> 722,732
<REALIZED-GAINS-CURRENT> 24,495
<APPREC-INCREASE-CURRENT> (1,093,220)
<NET-CHANGE-FROM-OPS> (345,993)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (711,409)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 731,430
<NUMBER-OF-SHARES-REDEEMED> 249,136
<SHARES-REINVESTED> 12,464
<NET-CHANGE-IN-ASSETS> 4,009,387
<ACCUMULATED-NII-PRIOR> 26,603
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 34,725
<GROSS-ADVISORY-FEES> 95,352
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 190,572
<AVERAGE-NET-ASSETS> 15,891,973
<PER-SHARE-NAV-BEGIN> 10.36
<PER-SHARE-NII> .46
<PER-SHARE-GAIN-APPREC> (.63)
<PER-SHARE-DIVIDEND> (.46)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.73
<EXPENSE-RATIO> .10
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 040
<NAME> ALLEGHANY/CHICAGO TRUST MONEY MARKET FUND - CLASS N
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 333,089,230
<INVESTMENTS-AT-VALUE> 333,089,230
<RECEIVABLES> 3,543,560
<ASSETS-OTHER> 486
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 336,633,276
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,493,061
<TOTAL-LIABILITIES> 1,493,061
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 335,140,215
<SHARES-COMMON-STOCK> 335,140,215
<SHARES-COMMON-PRIOR> 281,389,294
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 335,140,215
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 15,623,979
<OTHER-INCOME> 0
<EXPENSES-NET> (1,543,150)
<NET-INVESTMENT-INCOME> 14,080,829
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 14,080,829
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (14,080,829)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,295,225,039
<NUMBER-OF-SHARES-REDEEMED> 1,243,287,721
<SHARES-REINVESTED> 1,813,603
<NET-CHANGE-IN-ASSETS> 53,750,921
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,215,190
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,543,150
<AVERAGE-NET-ASSETS> 303,797,454
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .51
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 050
<NAME> ALLEGHANY/CHICAGO TRUST TALON FUND - CLASS N
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 15,820,271
<INVESTMENTS-AT-VALUE> 17,275,315
<RECEIVABLES> 1,313,648
<ASSETS-OTHER> 25
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 18,588,988
<PAYABLE-FOR-SECURITIES> 940,552
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 62,398
<TOTAL-LIABILITIES> 1,002,950
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15,935,746
<SHARES-COMMON-STOCK> 1,307,041
<SHARES-COMMON-PRIOR> 1,726,652
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 195,248
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,455,044
<NET-ASSETS> 17,586,038
<DIVIDEND-INCOME> 151,058
<INTEREST-INCOME> 54,238
<OTHER-INCOME> 0
<EXPENSES-NET> (266,934)
<NET-INVESTMENT-INCOME> (61,638)
<REALIZED-GAINS-CURRENT> 567,265
<APPREC-INCREASE-CURRENT> 187,313
<NET-CHANGE-FROM-OPS> 692,940
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,361)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 166,866
<NUMBER-OF-SHARES-REDEEMED> 587,080
<SHARES-REINVESTED> 603
<NET-CHANGE-IN-ASSETS> (5,141,654)
<ACCUMULATED-NII-PRIOR> 3,805
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 308,993
<GROSS-ADVISORY-FEES> 164,312
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 307,748
<AVERAGE-NET-ASSETS> 20,538,954
<PER-SHARE-NAV-BEGIN> 13.16
<PER-SHARE-NII> (.05)
<PER-SHARE-GAIN-APPREC> .34
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.45
<EXPENSE-RATIO> 1.30
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 060
<NAME> ALLEGHANY/MONTAG & CALDWELL GROWTH FUND - CLASS N
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 2,268,053,537
<INVESTMENTS-AT-VALUE> 2,940,556,523
<RECEIVABLES> 50,867,874
<ASSETS-OTHER> 4,034
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,991,428,431
<PAYABLE-FOR-SECURITIES> 3,686,384
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,273,470
<TOTAL-LIABILITIES> 8,959,854
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,161,208,216
<SHARES-COMMON-STOCK> 48,657,984
<SHARES-COMMON-PRIOR> 37,909,987
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 148,757,375
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 672,502,986
<NET-ASSETS> 2,982,468,577
<DIVIDEND-INCOME> 21,191,768
<INTEREST-INCOME> 951,078
<OTHER-INCOME> 0
<EXPENSES-NET> (22,782,309)
<NET-INVESTMENT-INCOME> (639,463)
<REALIZED-GAINS-CURRENT> 148,878,688
<APPREC-INCREASE-CURRENT> 416,154,751
<NET-CHANGE-FROM-OPS> 564,393,976
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (35,583,495)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 33,562,499
<NUMBER-OF-SHARES-REDEEMED> 24,010,343
<SHARES-REINVESTED> 1,195,841
<NET-CHANGE-IN-ASSETS> 1,239,690,070
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 63,880,284
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 16,451,953
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 22,782,309
<AVERAGE-NET-ASSETS> 1,369,109,527
<PER-SHARE-NAV-BEGIN> 26.49
<PER-SHARE-NII> (.04)
<PER-SHARE-GAIN-APPREC> 7.64
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.94)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 33.15
<EXPENSE-RATIO> 1.05
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 061
<NAME> ALLEGHANY/MONTAG & CALDWELL GROWTH FUND - CLASS I
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 2,268,053,537
<INVESTMENTS-AT-VALUE> 2,940,556,523
<RECEIVABLES> 50,867,874
<ASSETS-OTHER> 4,034
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,991,428,431
<PAYABLE-FOR-SECURITIES> 3,686,384
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,273,470
<TOTAL-LIABILITIES> 8,959,854
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,161,208,216
<SHARES-COMMON-STOCK> 40,935,807
<SHARES-COMMON-PRIOR> 27,711,120
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 148,757,375
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 672,502,986
<NET-ASSETS> 2,982,468,577
<DIVIDEND-INCOME> 21,191,768
<INTEREST-INCOME> 951,078
<OTHER-INCOME> 0
<EXPENSES-NET> (22,782,309)
<NET-INVESTMENT-INCOME> (639,463)
<REALIZED-GAINS-CURRENT> 148,878,688
<APPREC-INCREASE-CURRENT> 416,154,751
<NET-CHANGE-FROM-OPS> 564,393,976
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (28,418,102)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 30,617,406
<NUMBER-OF-SHARES-REDEEMED> 18,295,778
<SHARES-REINVESTED> 903,059
<NET-CHANGE-IN-ASSETS> 1,239,690,070
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 63,880,284
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 16,451,953
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 22,782,309
<AVERAGE-NET-ASSETS> 1,106,216,054
<PER-SHARE-NAV-BEGIN> 26.65
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> 7.71
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.94)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 33.46
<EXPENSE-RATIO> .76
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 070
<NAME> ALLEGHANY\MONTAG & CALDWELL BALANCED FUND - CLASS N
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 216,900,417
<INVESTMENTS-AT-VALUE> 249,959,537
<RECEIVABLES> 4,775,212
<ASSETS-OTHER> 335
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 254,735,084
<PAYABLE-FOR-SECURITIES> 2,572,986
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 970,049
<TOTAL-LIABILITIES> 3,543,035
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 205,520,227
<SHARES-COMMON-STOCK> 8,256,854
<SHARES-COMMON-PRIOR> 8,997,568
<ACCUMULATED-NII-CURRENT> 660,478
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11,952,224
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 33,059,120
<NET-ASSETS> 251,192,049
<DIVIDEND-INCOME> 1,086,711
<INTEREST-INCOME> 4,570,459
<OTHER-INCOME> 0
<EXPENSES-NET> (2,277,195)
<NET-INVESTMENT-INCOME> 3,379,975
<REALIZED-GAINS-CURRENT> 12,323,201
<APPREC-INCREASE-CURRENT> 15,541,127
<NET-CHANGE-FROM-OPS> 31,244,303
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,253,523)
<DISTRIBUTIONS-OF-GAINS> (8,904,043)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,064,233
<NUMBER-OF-SHARES-REDEEMED> 5,426,672
<SHARES-REINVESTED> 621,725
<NET-CHANGE-IN-ASSETS> 92,793,701
<ACCUMULATED-NII-PRIOR> 351,445
<ACCUMULATED-GAINS-PRIOR> 8,533,022
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,585,840
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,277,195
<AVERAGE-NET-ASSETS> 156,345,478
<PER-SHARE-NAV-BEGIN> 17.60
<PER-SHARE-NII> .29
<PER-SHARE-GAIN-APPREC> 2.73
<PER-SHARE-DIVIDEND> (.27)
<PER-SHARE-DISTRIBUTIONS> (.94)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.41
<EXPENSE-RATIO> 1.14
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 071
<NAME> ALLEGHANY/MONTAG & CALDWELL BALANCED FUND - CLASS I
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> DEC-31-1998
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 216,900,417
<INVESTMENTS-AT-VALUE> 249,959,537
<RECEIVABLES> 4,775,212
<ASSETS-OTHER> 335
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 254,735,084
<PAYABLE-FOR-SECURITIES> 2,572,986
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 970,049
<TOTAL-LIABILITIES> 3,543,035
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 205,520,227
<SHARES-COMMON-STOCK> 4,681,242
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 660,478
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11,952,224
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 33,059,120
<NET-ASSETS> 251,192,049
<DIVIDEND-INCOME> 1,086,711
<INTEREST-INCOME> 4,570,459
<OTHER-INCOME> 0
<EXPENSES-NET> (2,277,195)
<NET-INVESTMENT-INCOME> 3,379,975
<REALIZED-GAINS-CURRENT> 12,323,201
<APPREC-INCREASE-CURRENT> 15,541,127
<NET-CHANGE-FROM-OPS> 31,244,303
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (817,375)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,199,224
<NUMBER-OF-SHARES-REDEEMED> 561,037
<SHARES-REINVESTED> 43,055
<NET-CHANGE-IN-ASSETS> 92,793,701
<ACCUMULATED-NII-PRIOR> 351,445
<ACCUMULATED-GAINS-PRIOR> 8,533,022
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,585,840
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,277,195
<AVERAGE-NET-ASSETS> 66,815,429
<PER-SHARE-NAV-BEGIN> 18.36
<PER-SHARE-NII> .25
<PER-SHARE-GAIN-APPREC> 1.03
<PER-SHARE-DIVIDEND> (.22)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.42
<EXPENSE-RATIO> .91
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 080
<NAME> ALLEGHANY/CHICAGO TRUST BALANCED FUND - CLASS N
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 216,548,996
<INVESTMENTS-AT-VALUE> 292,201,088
<RECEIVABLES> 2,661,711
<ASSETS-OTHER> 13,978
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 294,876,777
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 450,760
<TOTAL-LIABILITIES> 450,760
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 209,582,560
<SHARES-COMMON-STOCK> 22,580,601
<SHARES-COMMON-PRIOR> 18,230,280
<ACCUMULATED-NII-CURRENT> 976,162
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,215,203
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 75,652,092
<NET-ASSETS> 294,426,017
<DIVIDEND-INCOME> 978,084
<INTEREST-INCOME> 7,507,338
<OTHER-INCOME> 0
<EXPENSES-NET> (2,810,770)
<NET-INVESTMENT-INCOME> 5,674,652
<REALIZED-GAINS-CURRENT> 8,203,023
<APPREC-INCREASE-CURRENT> 25,535,665
<NET-CHANGE-FROM-OPS> 39,413,340
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,364,029)
<DISTRIBUTIONS-OF-GAINS> (13,010,618)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,946,222
<NUMBER-OF-SHARES-REDEEMED> 5,135,906
<SHARES-REINVESTED> 1,540,005
<NET-CHANGE-IN-ASSETS> 75,064,475
<ACCUMULATED-NII-PRIOR> 693,191
<ACCUMULATED-GAINS-PRIOR> 12,995,146
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,861,258
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,810,770
<AVERAGE-NET-ASSETS> 265,894,026
<PER-SHARE-NAV-BEGIN> 12.03
<PER-SHARE-NII> .27
<PER-SHARE-GAIN-APPREC> 1.71
<PER-SHARE-DIVIDEND> (.26)
<PER-SHARE-DISTRIBUTIONS> (.71)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.04
<EXPENSE-RATIO> 1.06
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 090
<NAME> ALLEGHANY\CHICAGO TRUST SMALL CAP VALUE FUND - CLASS N
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> NOV-10-1998
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 43,752,064
<INVESTMENTS-AT-VALUE> 41,904,300
<RECEIVABLES> 761,006
<ASSETS-OTHER> 34,857
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 42,700,163
<PAYABLE-FOR-SECURITIES> 87,650
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 134,249
<TOTAL-LIABILITIES> 221,899
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 45,463,872
<SHARES-COMMON-STOCK> 4,624,913
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 146,540
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 1,284,384
<ACCUM-APPREC-OR-DEPREC> (1,847,764)
<NET-ASSETS> 42,478,264
<DIVIDEND-INCOME> 537,235
<INTEREST-INCOME> 147,182
<OTHER-INCOME> 0
<EXPENSES-NET> (501,810)
<NET-INVESTMENT-INCOME> 182,607
<REALIZED-GAINS-CURRENT> (1,284,384)
<APPREC-INCREASE-CURRENT> (1,847,764)
<NET-CHANGE-FROM-OPS> (2,949,541)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (36,178)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,361,902
<NUMBER-OF-SHARES-REDEEMED> 740,651
<SHARES-REINVESTED> 3,661
<NET-CHANGE-IN-ASSETS> 42,478,254
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 358,830
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 554,565
<AVERAGE-NET-ASSETS> 36,755,966
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> (.85)
<PER-SHARE-DIVIDEND> (.01)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.18
<EXPENSE-RATIO> 1.40
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 100
<NAME> ALLEGHANY/VEREDUS AGGRESSIVE GROWTH FUND - CLASS N
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 47,638,986
<INVESTMENTS-AT-VALUE> 58,084,289
<RECEIVABLES> 1,165,690
<ASSETS-OTHER> 370,857
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 59,620,836
<PAYABLE-FOR-SECURITIES> 2,194,626
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 144,636
<TOTAL-LIABILITIES> 2,339,262
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38,858,914
<SHARES-COMMON-STOCK> 3,449,915
<SHARES-COMMON-PRIOR> 1,469,832
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,977,357
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,445,303
<NET-ASSETS> 57,281,574
<DIVIDEND-INCOME> 17,042
<INTEREST-INCOME> 146,038
<OTHER-INCOME> 0
<EXPENSES-NET> (433,577)
<NET-INVESTMENT-INCOME> (270,497)
<REALIZED-GAINS-CURRENT> 9,807,382
<APPREC-INCREASE-CURRENT> 10,248,334
<NET-CHANGE-FROM-OPS> 19,785,219
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,693,561
<NUMBER-OF-SHARES-REDEEMED> 713,478
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 44,608,035
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 1,575,341
<GROSS-ADVISORY-FEES> 312,271
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 486,511
<AVERAGE-NET-ASSETS> 30,858,543
<PER-SHARE-NAV-BEGIN> 8.62
<PER-SHARE-NII> (.08)
<PER-SHARE-GAIN-APPREC> 8.06
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.60
<EXPENSE-RATIO> 1.41
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 110
<NAME> ALLEGHANY/BLAIRLOGIE INTERNATIONAL DEVELOPED FUND - CLASS N
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> MAY-01-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 85,659,040
<INVESTMENTS-AT-VALUE> 99,977,249
<RECEIVABLES> 5,550,429
<ASSETS-OTHER> 991,732
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 106,469,410
<PAYABLE-FOR-SECURITIES> 1,717,381
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 168,663
<TOTAL-LIABILITIES> 1,886,044
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 80,998,994
<SHARES-COMMON-STOCK> 562,018
<SHARES-COMMON-PRIOR> 415,559
<ACCUMULATED-NII-CURRENT> 717,458
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,545,089
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14,321,825
<NET-ASSETS> 104,583,366
<DIVIDEND-INCOME> 1,228,238
<INTEREST-INCOME> 17,573
<OTHER-INCOME> 0
<EXPENSES-NET> (605,184)
<NET-INVESTMENT-INCOME> 640,627
<REALIZED-GAINS-CURRENT> 8,646,046
<APPREC-INCREASE-CURRENT> (3,656,254)
<NET-CHANGE-FROM-OPS> 5,630,419
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 322,638
<NUMBER-OF-SHARES-REDEEMED> 176,179
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,778,941)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 71,874
<OVERDISTRIB-NII-PRIOR> 4,476
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 439,792
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 634,831
<AVERAGE-NET-ASSETS> 7,145,268
<PER-SHARE-NAV-BEGIN> 12.70
<PER-SHARE-NII> .06
<PER-SHARE-GAIN-APPREC> .61
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.37
<EXPENSE-RATIO> 1.35
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 111
<NAME> ALLEGHANY/BLAIRLOGIE INTERNATIONAL DEVELOPED FUND - CLASS I
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> MAY-01-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 85,659,040
<INVESTMENTS-AT-VALUE> 99,977,249
<RECEIVABLES> 5,500,429
<ASSETS-OTHER> 991,732
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 106,469,410
<PAYABLE-FOR-SECURITIES> 1,717,381
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 168,663
<TOTAL-LIABILITIES> 1,886,044
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 80,998,994
<SHARES-COMMON-STOCK> 7,242,933
<SHARES-COMMON-PRIOR> 7,958,222
<ACCUMULATED-NII-CURRENT> 717,458
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,545,089
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14,321,825
<NET-ASSETS> 104,583,366
<DIVIDEND-INCOME> 1,228,238
<INTEREST-INCOME> 17,573
<OTHER-INCOME> 0
<EXPENSES-NET> (605,184)
<NET-INVESTMENT-INCOME> 640,627
<REALIZED-GAINS-CURRENT> 8,646,046
<APPREC-INCREASE-CURRENT> (3,656,254)
<NET-CHANGE-FROM-OPS> 5,630,419
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,694,010
<NUMBER-OF-SHARES-REDEEMED> 5,409,299
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (1,778,941)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 71,874
<OVERDISTRIB-NII-PRIOR> 4,476
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 439,792
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 634,831
<AVERAGE-NET-ASSETS> 95,491,664
<PER-SHARE-NAV-BEGIN> 12.70
<PER-SHARE-NII> .08
<PER-SHARE-GAIN-APPREC> .62
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.40
<EXPENSE-RATIO> 1.10
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 120
<NAME> ALLEGHANY/BLAIRLOGIE EMERGING MARKETS FUND - CLASS N
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> MAY-01-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 16,490,076
<INVESTMENTS-AT-VALUE> 17,450,949
<RECEIVABLES> 1,148,756
<ASSETS-OTHER> 148,083
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 18,747,788
<PAYABLE-FOR-SECURITIES> 347,455
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 92,161
<TOTAL-LIABILITIES> 439,616
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34,859,992
<SHARES-COMMON-STOCK> 160,832
<SHARES-COMMON-PRIOR> 92,189
<ACCUMULATED-NII-CURRENT> 45,132
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 17,546,101
<ACCUM-APPREC-OR-DEPREC> 949,149
<NET-ASSETS> 18,308,172
<DIVIDEND-INCOME> 222,433
<INTEREST-INCOME> 12,597
<OTHER-INCOME> 0
<EXPENSES-NET> (133,352)
<NET-INVESTMENT-INCOME> 101,678
<REALIZED-GAINS-CURRENT> 375,008
<APPREC-INCREASE-CURRENT> 80,954
<NET-CHANGE-FROM-OPS> 557,640
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 108,246
<NUMBER-OF-SHARES-REDEEMED> 39,603
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (695,946)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 1,001
<OVERDIST-NET-GAINS-PRIOR> 17,976,654
<GROSS-ADVISORY-FEES> 78,010
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 176,888
<AVERAGE-NET-ASSETS> 1,772,215
<PER-SHARE-NAV-BEGIN> 10.42
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> .28
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.75
<EXPENSE-RATIO> 1.60
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 121
<NAME> ALLEGHANY/BLAIRLOGIE EMERGING MARKETS FUND - CLASS I
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1999
<PERIOD-START> MAY-01-1999
<PERIOD-END> OCT-31-1999
<INVESTMENTS-AT-COST> 16,490,076
<INVESTMENTS-AT-VALUE> 17,450,949
<RECEIVABLES> 1,148,756
<ASSETS-OTHER> 148,083
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 18,747,788
<PAYABLE-FOR-SECURITIES> 347,455
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 92,161
<TOTAL-LIABILITIES> 439,616
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34,859,992
<SHARES-COMMON-STOCK> 1,536,876
<SHARES-COMMON-PRIOR> 1,729,551
<ACCUMULATED-NII-CURRENT> 45,132
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 17,546,101
<ACCUM-APPREC-OR-DEPREC> 949,149
<NET-ASSETS> 18,308,172
<DIVIDEND-INCOME> 222,433
<INTEREST-INCOME> 12,597
<OTHER-INCOME> 0
<EXPENSES-NET> (133,352)
<NET-INVESTMENT-INCOME> 101,678
<REALIZED-GAINS-CURRENT> 375,008
<APPREC-INCREASE-CURRENT> 80,954
<NET-CHANGE-FROM-OPS> 557,640
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 454,687
<NUMBER-OF-SHARES-REDEEMED> 647,362
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (695,946)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 1,001
<OVERDIST-NET-GAINS-PRIOR> 17,976,654
<GROSS-ADVISORY-FEES> 78,010
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 176,888
<AVERAGE-NET-ASSETS> 16,433,358
<PER-SHARE-NAV-BEGIN> 10.43
<PER-SHARE-NII> .06
<PER-SHARE-GAIN-APPREC> .30
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.79
<EXPENSE-RATIO> 1.35
</TABLE>
