PEACHTREE FUNDS
NSAR-A/A, 1995-06-02
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<PAGE>      PAGE  1
000 A000000 03/31/95
000 C000000 0000912788
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 PEACHTREE FUNDS
001 B000000 811-7101
001 C000000 4122888160
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010100  1
007 C020100 PEACHTREE BOND FUND
007 C030100 N
007 C010200  2
007 C020200 PEACHTREE EQUITY FUND
007 C030200 N
007 C010300  3
007 C020300 PEACHTREE GEORGIA TAX-FREE INCOME FUND
007 C030300 N
007 C010400  4
007 C020400 PEACHTREE GOVERNMENT MONEY MARKET FUND
007 C030400 N
007 C010500  5
007 C020500 PEACHTREE PRIME MONEY MARKET FUND
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 BANK SOUTH, N.A.
008 B00AA01 A
008 C00AA01 801-0000
008 D01AA01 ATLANTA
008 D02AA01 GA
008 D03AA01 30339
010 A00AA01 FEDERATED ADMINISTRATIVE SERVICES
010 C01AA01 PITTSBURGH
<PAGE>      PAGE  2
010 C02AA01 PA
010 C03AA01 15222
010 C04AA01 3779
011 A00AA01 FEDERATED SECURITIES CORP.
011 B00AA01 8-15561
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3779
012 A00AA01 FEDERATED SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 PITTSBURGH
013 B02AA01 PA
013 B03AA01 15219
015 A00AA01 THE BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10286
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 PAINEWEBBER, INC.
020 B000001 13-2638166
020 C000001     16
020 A000002 PRUDENTIAL SECURITIES CORP.
020 B000002 22-2347336
020 C000002     12
020 A000003 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000003 13-2741729
020 C000003     11
020 A000004 DEAN WITTER REYNOLDS, INC.
020 B000004 94-1671384
020 C000004      6
020 A000005 SMITH BARNEY, INC.
020 B000005 13-1912900
020 C000005      3
020 A000006 JEFFERIES & CO., INC.
020 B000006 95-2622900
020 C000006      1
020 A000007 KIDDER, PEABODY & CO., INC.
020 B000007 13-5650440
020 C000007      1
020 A000008 BRADFORD SECURITIES LTD.
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<PAGE>      PAGE  3
020 C000009      0
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022 A000001 CANTOR, FITZGERALD SECURITIES CORP.
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022 C000002   1436525
022 D000002    101820
022 A000003 SANWA SECURITIES USA CO., LP
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022 C000003    779635
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022 A000004 PRUDENTIAL SECURITIES CORP.
022 B000004 22-2347336
022 C000004    605323
022 D000004       491
022 A000005 LEHMAN BROTHERS, INC.
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022 C000005    384906
022 D000005     23750
022 A000006 HSBC SECURITIES, INC.
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022 C000006    233665
022 D000006     46650
022 A000007 CS FIRST BOSTON CORP.
022 B000007 13-5659485
022 C000007     75361
022 D000007     26600
022 A000008 G.X. CLARKE & CO.
022 B000008 13-2969143
022 C000008     88355
022 D000008         0
022 A000009 PAINEWEBBER, INC.
022 B000009 13-2638166
022 C000009     38141
022 D000009      8221
022 A000010 BANK OF NEW YORK
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022 C000010     21609
022 D000010     23345
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<PAGE>      PAGE  4
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054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
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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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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
055 A000400 N
055 B000400 N
056  000400 Y
057  000400 N
058 A000400 N
059  000400 Y
060 A000400 Y
060 B000400 Y
061  000400     1000
062 A000400 Y
062 B000400  56.0
062 C000400   0.0
062 D000400  44.1
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400   0.0
062 N000400   0.0
062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
063 A000400  44
063 B000400  0.0
064 A000400 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
<PAGE>      PAGE  20
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 N
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 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
072 A000400  6
072 B000400     2200
072 C000400        0
072 D000400        0
072 E000400        0
072 F000400      206
072 G000400       59
072 H000400        0
072 I000400       13
072 J000400       11
072 K000400        0
072 L000400        6
072 M000400        1
072 N000400       19
<PAGE>      PAGE  21
072 O000400        0
072 P000400        0
072 Q000400       18
072 R000400        5
072 S000400        3
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400        5
072 X000400      346
072 Y000400      127
072 Z000400     1981
072AA000400        0
072BB000400        0
072CC010400        0
072CC020400        0
072DD010400     1981
072DD020400        0
072EE000400        0
073 A010400   0.0200
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400        5
074 B000400    29588
074 C000400    37597
074 D000400        0
074 E000400        0
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        0
074 L000400      250
074 M000400       26
074 N000400    67466
074 O000400        0
074 P000400        0
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400      307
074 S000400        0
074 T000400    67159
074 U010400    67159
074 U020400        0
074 V010400     1.00
074 V020400     0.00
074 W000400   1.0002
<PAGE>      PAGE  22
074 X000400        6
074 Y000400        0
075 A000400    82569
075 B000400        0
076  000400     0.00
024  000500 Y
025 A000501 SMITH BARNEY, INC.
025 B000501 13-1912900
025 C000501 D
025 D000501    3497
025 D000502       0
025 D000503       0
025 D000504       0
025 D000505       0
025 D000506       0
025 D000507       0
025 D000508       0
028 A010500      9142
028 A020500        21
028 A030500         0
028 A040500     11623
028 B010500     16679
028 B020500        14
028 B030500         0
028 B040500     17336
028 C010500      5124
028 C020500        15
028 C030500         0
028 C040500     10209
028 D010500     20292
028 D020500        23
028 D030500         0
028 D040500     19722
028 E010500     14078
028 E020500        41
028 E030500         0
028 E040500     15492
028 F010500     26034
028 F020500        45
028 F030500         0
028 F040500     18203
028 G010500     91349
028 G020500       159
028 G030500         0
028 G040500     92585
028 H000500         0
029  000500 N
030 A000500      0
030 B000500  0.00
030 C000500  0.00
031 A000500      0
<PAGE>      PAGE  23
031 B000500      0
032  000500      0
033  000500      0
045  000500 Y
046  000500 N
047  000500 Y
048  000500  0.500
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
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
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   0.0
062 D000500  39.7
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500  38.1
062 J000500   0.0
062 K000500   0.0
062 L000500  22.2
062 M000500   0.0
<PAGE>      PAGE  24
062 N000500   0.0
062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
063 A000500  42
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
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 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500         0
071 B000500         0
<PAGE>      PAGE  25
071 C000500         0
071 D000500    0
072 A000500  6
072 B000500     2239
072 C000500        0
072 D000500        0
072 E000500        0
072 F000500      200
072 G000500       57
072 H000500        0
072 I000500       15
072 J000500       12
072 K000500        0
072 L000500        7
072 M000500        2
072 N000500       15
072 O000500        0
072 P000500        0
072 Q000500       21
072 R000500        5
072 S000500        3
072 T000500        0
072 U000500        0
072 V000500        0
072 W000500        6
072 X000500      343
072 Y000500      126
072 Z000500     2022
072AA000500        0
072BB000500        0
072CC010500        0
072CC020500        0
072DD010500     2022
072DD020500        0
072EE000500        0
073 A010500   0.0300
073 A020500   0.0000
073 B000500   0.0000
073 C000500   0.0000
074 A000500        0
074 B000500    33199
074 C000500    50427
074 D000500        0
074 E000500        0
074 F000500        0
074 G000500        0
074 H000500        0
074 I000500        5
074 J000500        0
074 K000500        0
074 L000500      287
<PAGE>      PAGE  26
074 M000500       28
074 N000500    83946
074 O000500        0
074 P000500        0
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500      344
074 S000500        0
074 T000500    83602
074 U010500    83602
074 U020500        0
074 V010500     1.00
074 V020500     0.00
074 W000500   0.9997
074 X000500       19
074 Y000500        0
075 A000500    80330
075 B000500        0
076  000500     0.00
SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   1                                              
     <NAME>                     PEACHTREE BOND FUND                            
                                                                               
                                                                               
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Sep-30-1995                                    
<PERIOD-END>                    Mar-31-1995                                    
<INVESTMENTS-AT-COST>           86,484,654                                     
<INVESTMENTS-AT-VALUE>          83,314,419                                     
<RECEIVABLES>                   1,954,080                                      
<ASSETS-OTHER>                  25,725                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  85,294,224                                     
<PAYABLE-FOR-SECURITIES>        1,998,488                                      
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       519,848                                        
<TOTAL-LIABILITIES>             2,518,336                                      
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        87,616,912                                     
<SHARES-COMMON-STOCK>           8,813,860                                      
<SHARES-COMMON-PRIOR>           8,735,236                                      
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (1,670,789)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        (3,170,235)                                    
<NET-ASSETS>                    82,775,888                                     
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               2,906,807                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  420,155                                        
<NET-INVESTMENT-INCOME>         2,486,652                                      
<REALIZED-GAINS-CURRENT>        (716,632)                                      
<APPREC-INCREASE-CURRENT>       1,082,535                                      
<NET-CHANGE-FROM-OPS>           2,852,555                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       2,486,652                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,692,061                                      
<NUMBER-OF-SHARES-REDEEMED>     1,849,430                                      
<SHARES-REINVESTED>             235,993                                        
<NET-CHANGE-IN-ASSETS>          1,181,620                                      
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       (954,157)                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           308,576                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 484,143                                        
<AVERAGE-NET-ASSETS>            82,448,046                                     
<PER-SHARE-NAV-BEGIN>           9.340                                          
<PER-SHARE-NII>                 0.280                                          
<PER-SHARE-GAIN-APPREC>         0.050                                          
<PER-SHARE-DIVIDEND>            0.280                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             9.390                                          
<EXPENSE-RATIO>                 102                                            
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   2                                              
     <NAME>                     PEACHTREE EQUITY FUND                          
                                                                               
                                                                               
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Sep-30-1995                                    
<PERIOD-END>                    Mar-31-1995                                    
<INVESTMENTS-AT-COST>           100,359,326                                    
<INVESTMENTS-AT-VALUE>          104,001,382                                    
<RECEIVABLES>                   267,116                                        
<ASSETS-OTHER>                  29,218                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  104,297,716                                    
<PAYABLE-FOR-SECURITIES>        896,601                                        
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       36,020                                         
<TOTAL-LIABILITIES>             932,621                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        98,227,245                                     
<SHARES-COMMON-STOCK>           9,881,422                                      
<SHARES-COMMON-PRIOR>           9,754,617                                      
<ACCUMULATED-NII-CURRENT>       23,257                                         
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         1,472,537                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        3,642,056                                      
<NET-ASSETS>                    103,365,095                                    
<DIVIDEND-INCOME>               998,431                                        
<INTEREST-INCOME>               217,140                                        
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  495,542                                        
<NET-INVESTMENT-INCOME>         720,029                                        
<REALIZED-GAINS-CURRENT>        1,473,519                                      
<APPREC-INCREASE-CURRENT>       3,711,516                                      
<NET-CHANGE-FROM-OPS>           5,905,064                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       712,413                                        
<DISTRIBUTIONS-OF-GAINS>        47,164                                         
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         1,962,079                                      
<NUMBER-OF-SHARES-REDEEMED>     1,903,118                                      
<SHARES-REINVESTED>             67,844                                         
<NET-CHANGE-IN-ASSETS>          6,568,608                                      
<ACCUMULATED-NII-PRIOR>         15,641                                         
<ACCUMULATED-GAINS-PRIOR>       46,181                                         
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           370,599                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 546,339                                        
<AVERAGE-NET-ASSETS>            99,691,640                                     
<PER-SHARE-NAV-BEGIN>           9.920                                          
<PER-SHARE-NII>                 0.070                                          
<PER-SHARE-GAIN-APPREC>         0.550                                          
<PER-SHARE-DIVIDEND>            0.070                                          
<PER-SHARE-DISTRIBUTIONS>       0.010                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.460                                         
<EXPENSE-RATIO>                 100                                            
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   3                                              
     <NAME>                     PEACHTREE GEORGIA TAX-FREE INCOME FUND         
                                                                               
                                                                               
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Sep-30-1995                                    
<PERIOD-END>                    Mar-31-1995                                    
<INVESTMENTS-AT-COST>           2,082,432                                      
<INVESTMENTS-AT-VALUE>          2,099,269                                      
<RECEIVABLES>                   167,342                                        
<ASSETS-OTHER>                  151,198                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  2,417,809                                      
<PAYABLE-FOR-SECURITIES>        104,584                                        
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       80,568                                         
<TOTAL-LIABILITIES>             185,152                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        2,215,825                                      
<SHARES-COMMON-STOCK>           225,058                                        
<SHARES-COMMON-PRIOR>           0                                              
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (5)                                            
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        16,837                                         
<NET-ASSETS>                    2,232,657                                      
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               12,477                                         
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  0                                              
<NET-INVESTMENT-INCOME>         12,477                                         
<REALIZED-GAINS-CURRENT>        (5)                                            
<APPREC-INCREASE-CURRENT>       16,837                                         
<NET-CHANGE-FROM-OPS>           29,309                                         
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       12,477                                         
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         227,587                                        
<NUMBER-OF-SHARES-REDEEMED>     3,073                                          
<SHARES-REINVESTED>             544                                            
<NET-CHANGE-IN-ASSETS>          2,232,657                                      
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           2,237                                          
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 113,515                                        
<AVERAGE-NET-ASSETS>            598,230                                        
<PER-SHARE-NAV-BEGIN>           10.000                                         
<PER-SHARE-NII>                 0.180                                          
<PER-SHARE-GAIN-APPREC>         (0.080)                                        
<PER-SHARE-DIVIDEND>            0.180                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             9.920                                          
<EXPENSE-RATIO>                 0                                              
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   4                                              
     <NAME>                     PEACHTREE GOVERNMENT MONEY MARKET FUND         
                                                                               
                                                                               
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Sep-30-1995                                    
<PERIOD-END>                    Mar-31-1995                                    
<INVESTMENTS-AT-COST>           67,184,978                                     
<INVESTMENTS-AT-VALUE>          67,184,978                                     
<RECEIVABLES>                   250,395                                        
<ASSETS-OTHER>                  30,913                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  67,466,286                                     
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       307,564                                        
<TOTAL-LIABILITIES>             307,564                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        67,158,722                                     
<SHARES-COMMON-STOCK>           67,158,722                                     
<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>                    67,158,722                                     
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               2,200,198                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  219,480                                        
<NET-INVESTMENT-INCOME>         1,980,718                                      
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           1,980,718                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       1,980,718                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         90,888,164                                     
<NUMBER-OF-SHARES-REDEEMED>     114,176,986                                    
<SHARES-REINVESTED>             7,358                                          
<NET-CHANGE-IN-ASSETS>          23,281,464                                     
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           205,855                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 346,379                                        
<AVERAGE-NET-ASSETS>            82,568,774                                     
<PER-SHARE-NAV-BEGIN>           1.000                                          
<PER-SHARE-NII>                 0.020                                          
<PER-SHARE-GAIN-APPREC>         0.000                                          
<PER-SHARE-DIVIDEND>            0.020                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             1.000                                          
<EXPENSE-RATIO>                 53                                             
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   5                                              
     <NAME>                     PEACHTREE PRIME MONEY MARKET FUND              
                                                                               
                                                                               
<PERIOD-TYPE>                   6-MOS                                          
<FISCAL-YEAR-END>               Sep-30-1995                                    
<PERIOD-END>                    Mar-31-1995                                    
<INVESTMENTS-AT-COST>           83,631,529                                     
<INVESTMENTS-AT-VALUE>          83,631,529                                     
<RECEIVABLES>                   286,514                                        
<ASSETS-OTHER>                  27,885                                         
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  83,945,928                                     
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       343,943                                        
<TOTAL-LIABILITIES>             343,943                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        83,601,985                                     
<SHARES-COMMON-STOCK>           83,601,985                                     
<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>                    83,601,985                                     
<DIVIDEND-INCOME>               0                                              
<INTEREST-INCOME>               2,239,878                                      
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  217,393                                        
<NET-INVESTMENT-INCOME>         2,022,485                                      
<REALIZED-GAINS-CURRENT>        0                                              
<APPREC-INCREASE-CURRENT>       0                                              
<NET-CHANGE-FROM-OPS>           2,022,485                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       2,022,485                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         91,349,119                                     
<NUMBER-OF-SHARES-REDEEMED>     92,585,404                                     
<SHARES-REINVESTED>             158,582                                        
<NET-CHANGE-IN-ASSETS>          (1,077,703)                                    
<ACCUMULATED-NII-PRIOR>         0                                              
<ACCUMULATED-GAINS-PRIOR>       0                                              
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           200,275                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 343,380                                        
<AVERAGE-NET-ASSETS>            80,330,370                                     
<PER-SHARE-NAV-BEGIN>           1.000                                          
<PER-SHARE-NII>                 0.030                                          
<PER-SHARE-GAIN-APPREC>         0.000                                          
<PER-SHARE-DIVIDEND>            0.030                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             1.000                                          
<EXPENSE-RATIO>                 54                                             
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


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