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<PAGE> PAGE 16
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<PAGE> PAGE 20
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070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
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<PAGE> PAGE 21
072 D000400 0
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<PAGE> PAGE 22
074 R010400 0
074 R020400 0
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074 R040400 132
074 S000400 0
074 T000400 31478
074 U010400 31481
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074 V020400 0.00
074 W000400 0.9998
074 X000400 5
074 Y000400 0
075 A000400 60475
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028 A010500 25079
028 A020500 204
028 A030500 0
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<PAGE> PAGE 23
032 000500 0
033 000500 0
045 000500 Y
046 000500 N
047 000500 Y
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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
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<PAGE> PAGE 24
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
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063 A000500 7
063 B000500 0.0
064 A000500 N
064 B000500 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 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
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070 P020500 N
070 Q010500 N
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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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> 12-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 68,245,607
<INVESTMENTS-AT-VALUE> 68,842,629
<RECEIVABLES> 752,669
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<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 69,595,298
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 334,393
<TOTAL-LIABILITIES> 334,393
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 73,660,146
<SHARES-COMMON-STOCK> 7,366,579
<SHARES-COMMON-PRIOR> 9,729,563
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,996,264)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 597,022
<NET-ASSETS> 69,260,904
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,678,916
<OTHER-INCOME> 0
<EXPENSES-NET> 864,644
<NET-INVESTMENT-INCOME> 4,814,272
<REALIZED-GAINS-CURRENT> (2,604,410)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,209,862
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,814,272
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,129,448
<NUMBER-OF-SHARES-REDEEMED> 3,749,095
<SHARES-REINVESTED> 256,663
<NET-CHANGE-IN-ASSETS> (24,263,419)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (2,391,855)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 619,376
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 898,046
<AVERAGE-NET-ASSETS> 82,523,005
<PER-SHARE-NAV-BEGIN> 9.610
<PER-SHARE-NII> 0.519
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<PER-SHARE-DIVIDEND> 0.519
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<PER-SHARE-NAV-END> 9.400
<EXPENSE-RATIO> 0.00
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<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> 12-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 74,746,670
<INVESTMENTS-AT-VALUE> 98,941,927
<RECEIVABLES> 143,318
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 99,085,245
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 19,880
<TOTAL-LIABILITIES> 19,880
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 74,911,820
<SHARES-COMMON-STOCK> 8,213,632
<SHARES-COMMON-PRIOR> 10,441,727
<ACCUMULATED-NII-CURRENT> 2,986
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (44,698)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 24,195,257
<NET-ASSETS> 99,065,365
<DIVIDEND-INCOME> 1,781,541
<INTEREST-INCOME> 184,027
<OTHER-INCOME> 0
<EXPENSES-NET> 1,171,960
<NET-INVESTMENT-INCOME> 793,608
<REALIZED-GAINS-CURRENT> 12,762,339
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 13,555,947
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 832,327
<DISTRIBUTIONS-OF-GAINS> 14,996,136
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,116,616
<NUMBER-OF-SHARES-REDEEMED> 4,584,595
<SHARES-REINVESTED> 239,884
<NET-CHANGE-IN-ASSETS> 25,966,116
<ACCUMULATED-NII-PRIOR> 41,705
<ACCUMULATED-GAINS-PRIOR> 2,189,098
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 856,020
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,196,043
<AVERAGE-NET-ASSETS> 114,261,567
<PER-SHARE-NAV-BEGIN> 11.970
<PER-SHARE-NII> 1.924
<PER-SHARE-GAIN-APPREC> 0.094
<PER-SHARE-DIVIDEND> 1.924
<PER-SHARE-DISTRIBUTIONS> 0.094
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.060
<EXPENSE-RATIO> 0.00
<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> 12-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 1,106,424
<INVESTMENTS-AT-VALUE> 1,135,013
<RECEIVABLES> 19,355
<ASSETS-OTHER> 137,712
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,292,080
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14,006
<TOTAL-LIABILITIES> 14,006
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,249,481
<SHARES-COMMON-STOCK> 130,634
<SHARES-COMMON-PRIOR> 316,647
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28,589
<NET-ASSETS> 1,278,074
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 101,064
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 101,064
<REALIZED-GAINS-CURRENT> 30,152
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 131,216
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 101,064
<DISTRIBUTIONS-OF-GAINS> 39,471
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,611
<NUMBER-OF-SHARES-REDEEMED> 202,295
<SHARES-REINVESTED> 8,671
<NET-CHANGE-IN-ASSETS> (1,924,914)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 9,322
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 16,001
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 269,334
<AVERAGE-NET-ASSETS> 2,123,337
<PER-SHARE-NAV-BEGIN> 10.120
<PER-SHARE-NII> 0.450
<PER-SHARE-GAIN-APPREC> 0.268
<PER-SHARE-DIVIDEND> 0.450
<PER-SHARE-DISTRIBUTIONS> 0.268
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.780
<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-30-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 31,591,000
<INVESTMENTS-AT-VALUE> 31,591,000
<RECEIVABLES> 1,944
<ASSETS-OTHER> 16,997
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 31,609,941
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 132,346
<TOTAL-LIABILITIES> 132,346
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31,480,549
<SHARES-COMMON-STOCK> 31,480,549
<SHARES-COMMON-PRIOR> 59,013,066
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,954)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 31,477,595
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,301,248
<OTHER-INCOME> 0
<EXPENSES-NET> 326,174
<NET-INVESTMENT-INCOME> 2,975,074
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,975,074
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,975,074
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 144,558,888
<NUMBER-OF-SHARES-REDEEMED> 172,133,698
<SHARES-REINVESTED> 42,293
<NET-CHANGE-IN-ASSETS> 27,535,471
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 301,547
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 543,578
<AVERAGE-NET-ASSETS> 60,474,578
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.045
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.045
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<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.00
<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> 12-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 47,196,601
<INVESTMENTS-AT-VALUE> 47,196,601
<RECEIVABLES> 126,893
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 47,323,494
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 181,271
<TOTAL-LIABILITIES> 181,271
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 47,144,556
<SHARES-COMMON-STOCK> 47,144,556
<SHARES-COMMON-PRIOR> 150,427,875
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,333)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 47,142,223
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,458,405
<OTHER-INCOME> 0
<EXPENSES-NET> 554,382
<NET-INVESTMENT-INCOME> 5,904,023
<REALIZED-GAINS-CURRENT> (2,333)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 5,901,690
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,904,023
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 225,876,670
<NUMBER-OF-SHARES-REDEEMED> 331,182,538
<SHARES-REINVESTED> 2,022,549
<NET-CHANGE-IN-ASSETS> 103,285,652
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 581,135
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 914,628
<AVERAGE-NET-ASSETS> 117,264,498
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.046
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<PER-SHARE-NAV-END> 1.000
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<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
