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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 N
070 L020400 N
<PAGE> PAGE 21
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 Y
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 0
071 B000400 0
071 C000400 0
071 D000400 0
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072 B000400 3988
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072 D000400 0
072 E000400 0
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<PAGE> PAGE 22
073 B000400 0.0000
073 C000400 0.0000
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074 B000400 19342
074 C000400 39726
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074 E000400 0
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074 G000400 0
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074 M000400 23
074 N000400 59278
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074 R040400 265
074 S000400 0
074 T000400 59013
074 U010400 59013
074 U020400 0
074 V010400 1.00
074 V020400 0.00
074 W000400 1.0004
074 X000400 7
074 Y000400 0
075 A000400 71786
075 B000400 0
076 000400 0.00
024 000500 Y
025 A000501 MERRILL LYNCH & CO., INC.
025 C000501 D
025 D000501 1496
025 D000502 0
025 D000503 0
025 D000504 0
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 62892
028 A020500 96
028 A030500 0
028 A040500 22235
028 B010500 20268
<PAGE> PAGE 23
028 B020500 198
028 B030500 0
028 B040500 17040
028 C010500 18150
028 C020500 190
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028 C040500 20422
028 D010500 15197
028 D020500 188
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028 D040500 21191
028 E010500 29551
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028 E040500 14451
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028 F020500 204
028 F030500 0
028 F040500 16983
028 G010500 178079
028 G020500 1068
028 G030500 0
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029 000500 N
030 A000500 0
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030 C000500 0.00
031 A000500 0
031 B000500 0
032 000500 0
033 000500 0
045 000500 Y
046 000500 N
047 000500 Y
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048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
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048 F010500 0
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<PAGE> PAGE 24
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
055 A000500 N
055 B000500 N
056 000500 Y
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 1000
062 A000500 Y
062 B000500 0.0
062 C000500 1.3
062 D000500 42.1
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 37.8
062 J000500 0.0
062 K000500 0.0
062 L000500 19.3
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 36
063 B000500 0.0
064 A000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
<PAGE> PAGE 25
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 Y
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 0
071 B000500 0
071 C000500 0
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072 B000500 6062
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<PAGE> PAGE 26
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<PAGE> PAGE 27
SIGNATURE S. ELLIOTT COHAN
TITLE ASST. GEN. COUNSEL
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> Peachtree Funds
Peachtree Bond Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 92,068,506
<INVESTMENTS-AT-VALUE> 91,632,066
<RECEIVABLES> 2,041,120
<ASSETS-OTHER> 22,367
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 93,695,553
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 171,230
<TOTAL-LIABILITIES> 171,230
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 96,352,618
<SHARES-COMMON-STOCK> 9,729,563
<SHARES-COMMON-PRIOR> 8,735,236
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,391,855)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (436,440)
<NET-ASSETS> 93,524,323
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,040,290
<OTHER-INCOME> 0
<EXPENSES-NET> 864,935
<NET-INVESTMENT-INCOME> 5,175,355
<REALIZED-GAINS-CURRENT> (1,437,698)
<APPREC-INCREASE-CURRENT> 3,816,330
<NET-CHANGE-FROM-OPS> 7,553,987
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,175,355
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,831,857
<NUMBER-OF-SHARES-REDEEMED> 2,298,869
<SHARES-REINVESTED> 461,339
<NET-CHANGE-IN-ASSETS> 11,930,055
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (954,157)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 635,619
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 994,679
<AVERAGE-NET-ASSETS> 84,841,572
<PER-SHARE-NAV-BEGIN> 9.340
<PER-SHARE-NII> 0.570
<PER-SHARE-GAIN-APPREC> 0.270
<PER-SHARE-DIVIDEND> 0.570
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.610
<EXPENSE-RATIO> 1.02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<SERIES>
<NUMBER> 02
<NAME> Peachtree Funds
Peachtree Equity Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 106,301,260
<INVESTMENTS-AT-VALUE> 124,758,267
<RECEIVABLES> 378,502
<ASSETS-OTHER> 63,330
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 125,200,099
<PAYABLE-FOR-SECURITIES> 125,925
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 42,693
<TOTAL-LIABILITIES> 168,618
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 104,343,671
<SHARES-COMMON-STOCK> 10,441,727
<SHARES-COMMON-PRIOR> 9,754,617
<ACCUMULATED-NII-CURRENT> 41,705
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,189,098
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 18,457,007
<NET-ASSETS> 125,031,481
<DIVIDEND-INCOME> 2,062,298
<INTEREST-INCOME> 384,991
<OTHER-INCOME> 0
<EXPENSES-NET> 1,086,906
<NET-INVESTMENT-INCOME> 1,360,383
<REALIZED-GAINS-CURRENT> 2,190,081
<APPREC-INCREASE-CURRENT> 18,526,466
<NET-CHANGE-FROM-OPS> 22,076,930
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,334,319
<DISTRIBUTIONS-OF-GAINS> 47,164
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,273,154
<NUMBER-OF-SHARES-REDEEMED> 2,696,750
<SHARES-REINVESTED> 110,706
<NET-CHANGE-IN-ASSETS> 28,234,994
<ACCUMULATED-NII-PRIOR> 15,641
<ACCUMULATED-GAINS-PRIOR> 46,181
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 814,121
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,181,537
<AVERAGE-NET-ASSETS> 108,885,760
<PER-SHARE-NAV-BEGIN> 9.920
<PER-SHARE-NII> 0.130
<PER-SHARE-GAIN-APPREC> 2.050
<PER-SHARE-DIVIDEND> 0.130
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.970
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> Peachtree Funds
Peachtree Georgia Tax-Free Income Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 3,027,833
<INVESTMENTS-AT-VALUE> 3,091,738
<RECEIVABLES> 45,314
<ASSETS-OTHER> 76,349
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,213,401
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,413
<TOTAL-LIABILITIES> 10,413
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,129,761
<SHARES-COMMON-STOCK> 316,647
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9,322
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 63,905
<NET-ASSETS> 3,202,988
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 91,981
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 91,981
<REALIZED-GAINS-CURRENT> 9,322
<APPREC-INCREASE-CURRENT> 63,905
<NET-CHANGE-FROM-OPS> 165,208
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 91,981
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 412,731
<NUMBER-OF-SHARES-REDEEMED> 100,320
<SHARES-REINVESTED> 4,236
<NET-CHANGE-IN-ASSETS> 3,202,988
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 14,375
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 222,220
<AVERAGE-NET-ASSETS> 1,864,582
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> 0.420
<PER-SHARE-GAIN-APPREC> 0.120
<PER-SHARE-DIVIDEND> 0.420
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.120
<EXPENSE-RATIO> 0.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> Peachtree Funds
Peachtree Government Money Market Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 59,067,777
<INVESTMENTS-AT-VALUE> 59,067,777
<RECEIVABLES> 186,950
<ASSETS-OTHER> 22,803
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 59,277,530
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 264,464
<TOTAL-LIABILITIES> 264,464
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59,013,066
<SHARES-COMMON-STOCK> 59,013,066
<SHARES-COMMON-PRIOR> 90,440,186
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 59,013,066
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,987,506
<OTHER-INCOME> 0
<EXPENSES-NET> 382,785
<NET-INVESTMENT-INCOME> 3,604,721
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3,604,721
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,604,721
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 180,164,804
<NUMBER-OF-SHARES-REDEEMED> 211,621,111
<SHARES-REINVESTED> 29,187
<NET-CHANGE-IN-ASSETS> 31,427,120
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 356,814
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 600,260
<AVERAGE-NET-ASSETS> 71,785,714
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.050
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.54
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> Peachtree Funds
Peachtree Prime Money Market Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Sep-30-1995
<PERIOD-END> Sep-30-1995
<INVESTMENTS-AT-COST> 151,296,311
<INVESTMENTS-AT-VALUE> 151,296,311
<RECEIVABLES> 510,758
<ASSETS-OTHER> 24,245
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 151,831,314
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,403,439
<TOTAL-LIABILITIES> 1,403,439
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 150,427,875
<SHARES-COMMON-STOCK> 150,427,875
<SHARES-COMMON-PRIOR> 84,679,688
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 150,427,875
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,061,908
<OTHER-INCOME> 0
<EXPENSES-NET> 514,659
<NET-INVESTMENT-INCOME> 5,547,249
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 5,547,249
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,547,249
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 269,427,785
<NUMBER-OF-SHARES-REDEEMED> 204,906,850
<SHARES-REINVESTED> 1,227,252
<NET-CHANGE-IN-ASSETS> 65,748,187
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 515,302
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 835,963
<AVERAGE-NET-ASSETS> 103,345,145
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.050
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
