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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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055 B000500 N
056 000500 Y
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<PAGE> PAGE 23
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070 G020500 N
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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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> 6-mos
<FISCAL-YEAR-END> Sep-30-1996
<PERIOD-END> Mar-31-1996
<INVESTMENTS-AT-COST> 78,519,136
<INVESTMENTS-AT-VALUE> 77,487,367
<RECEIVABLES> 1,618,883
<ASSETS-OTHER> 19,010
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 79,125,260
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 510,492
<TOTAL-LIABILITIES> 510,492
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 81,605,343
<SHARES-COMMON-STOCK> 8,214,477
<SHARES-COMMON-PRIOR> 9,729,563
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,958,806)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,031,769)
<NET-ASSETS> 78,614,768
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,071,296
<OTHER-INCOME> 0
<EXPENSES-NET> 459,906
<NET-INVESTMENT-INCOME> 2,611,390
<REALIZED-GAINS-CURRENT> 433,049
<APPREC-INCREASE-CURRENT> (595,329)
<NET-CHANGE-FROM-OPS> 2,449,110
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,611,390
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 474,165
<NUMBER-OF-SHARES-REDEEMED> 2,166,849
<SHARES-REINVESTED> 177,598
<NET-CHANGE-IN-ASSETS> (14,909,555)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (2,391,855)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 337,963
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 488,092
<AVERAGE-NET-ASSETS> 89,616,347
<PER-SHARE-NAV-BEGIN> 9.610
<PER-SHARE-NII> 0.290
<PER-SHARE-GAIN-APPREC> (0.040)
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<PER-SHARE-NAV-END> 9.570
<EXPENSE-RATIO> 102.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> Peachtree Funds
Peachtree Equity Fund
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Sep-30-1996
<PERIOD-END> Mar-31-1996
<INVESTMENTS-AT-COST> 84,008,146
<INVESTMENTS-AT-VALUE> 109,523,464
<RECEIVABLES> 5,517,008
<ASSETS-OTHER> 21,591
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 115,062,063
<PAYABLE-FOR-SECURITIES> 3,173,364
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 131,552
<TOTAL-LIABILITIES> 3,304,916
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 81,535,908
<SHARES-COMMON-STOCK> 8,632,609
<SHARES-COMMON-PRIOR> 10,441,727
<ACCUMULATED-NII-CURRENT> 28,381
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,677,540
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 25,515,318
<NET-ASSETS> 111,757,147
<DIVIDEND-INCOME> 978,738
<INTEREST-INCOME> 115,695
<OTHER-INCOME> 0
<EXPENSES-NET> 613,196
<NET-INVESTMENT-INCOME> 481,237
<REALIZED-GAINS-CURRENT> 4,679,108
<APPREC-INCREASE-CURRENT> 7,058,313
<NET-CHANGE-FROM-OPS> 12,218,658
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 494,561
<DISTRIBUTIONS-OF-GAINS> 2,190,666
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 629,774
<NUMBER-OF-SHARES-REDEEMED> 2,620,008
<SHARES-REINVESTED> 181,117
<NET-CHANGE-IN-ASSETS> (13,274,334)
<ACCUMULATED-NII-PRIOR> 41,705
<ACCUMULATED-GAINS-PRIOR> 2,189,098
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 459,709
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 637,551
<AVERAGE-NET-ASSETS> 5,367,166
<PER-SHARE-NAV-BEGIN> 11.970
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 1.190
<PER-SHARE-DIVIDEND> 0.050
<PER-SHARE-DISTRIBUTIONS> 0.210
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.950
<EXPENSE-RATIO> 100.00
<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> 6-mos
<FISCAL-YEAR-END> Sep-30-1996
<PERIOD-END> Mar-31-1996
<INVESTMENTS-AT-COST> 1,933,832
<INVESTMENTS-AT-VALUE> 1,972,308
<RECEIVABLES> 120,506
<ASSETS-OTHER> 80,998
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,173,812
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 25,081
<TOTAL-LIABILITIES> 25,081
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,081,486
<SHARES-COMMON-STOCK> 214,352
<SHARES-COMMON-PRIOR> 316,647
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 28,769
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38,476
<NET-ASSETS> 2,148,731
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 64,386
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 64,386
<REALIZED-GAINS-CURRENT> 28,777
<APPREC-INCREASE-CURRENT> (25,429)
<NET-CHANGE-FROM-OPS> 67,734
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 64,386
<DISTRIBUTIONS-OF-GAINS> 9,330
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,734
<NUMBER-OF-SHARES-REDEEMED> 112,845
<SHARES-REINVESTED> 3,816
<NET-CHANGE-IN-ASSETS> (1,054,257)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 9,322
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,291
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 135,115
<AVERAGE-NET-ASSETS> 2,702,625
<PER-SHARE-NAV-BEGIN> 10.120
<PER-SHARE-NII> 0.250
<PER-SHARE-GAIN-APPREC> (0.070)
<PER-SHARE-DIVIDEND> 0.250
<PER-SHARE-DISTRIBUTIONS> 0.030
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.020
<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> 6-mos
<FISCAL-YEAR-END> Sep-30-1996
<PERIOD-END> Mar-31-1996
<INVESTMENTS-AT-COST> 78,211,925
<INVESTMENTS-AT-VALUE> 78,211,925
<RECEIVABLES> 213,615
<ASSETS-OTHER> 23,124
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 78,448,664
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 350,567
<TOTAL-LIABILITIES> 350,567
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 78,098,097
<SHARES-COMMON-STOCK> 78,098,097
<SHARES-COMMON-PRIOR> 59,013,066
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 78,098,097
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,053,926
<OTHER-INCOME> 0
<EXPENSES-NET> 197,815
<NET-INVESTMENT-INCOME> 1,856,111
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,856,111
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,856,111
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 106,554,939
<NUMBER-OF-SHARES-REDEEMED> 87,500,974
<SHARES-REINVESTED> 31,066
<NET-CHANGE-IN-ASSETS> 19,085,031
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 183,385
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 307,846
<AVERAGE-NET-ASSETS> 2,736,652
<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> 54.00
<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> 6-mos
<FISCAL-YEAR-END> Sep-30-1996
<PERIOD-END> Mar-31-1996
<INVESTMENTS-AT-COST> 139,164,064
<INVESTMENTS-AT-VALUE> 139,164,064
<RECEIVABLES> 539,940
<ASSETS-OTHER> 20,605
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 139,724,609
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 647,981
<TOTAL-LIABILITIES> 647,981
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 139,078,958
<SHARES-COMMON-STOCK> 139,078,958
<SHARES-COMMON-PRIOR> 150,427,875
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 2,330
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 139,076,628
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,258,888
<OTHER-INCOME> 0
<EXPENSES-NET> 337,292
<NET-INVESTMENT-INCOME> 3,921,596
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3,921,596
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,923,926
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 145,109,385
<NUMBER-OF-SHARES-REDEEMED> 157,587,628
<SHARES-REINVESTED> 1,129,326
<NET-CHANGE-IN-ASSETS> (11,351,247)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 374,007
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 569,176
<AVERAGE-NET-ASSETS> 5,593,425
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.030
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<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 45.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
