ASIA HOUSE FUNDS
NSAR-B, 1995-02-24
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<PAGE>      PAGE  1
000 B000000 12/31/94
000 C000000 0000913253
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 ASIA HOUSE FUNDS
001 B000000 811-8070
001 C000000 7087332200
002 A000000 1007 CHURCH STREET SUITE 802
002 B000000 EVANSTON
002 C000000 IL
002 D010000 60201
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 FAR EAST GROWTH
007 C030100 N
007 C010200  2
007 C020200 ASEAN GROWTH
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 ASIA HOUSE INVESTMENTS INC
008 B00AA01 A
008 C00AA01 801-44523
008 D01AA01 EVANSTON
008 D02AA01 IL
008 D03AA01 60201
010 A00AA01 INVESTORS BANK & TRUST
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02111
012 A00AA01 INVESTORS BANK & TRUST COMPANY
012 B00AA01 85-XXXXXXX
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02111
<PAGE>      PAGE  2
013 A00AA01 DELOITTE & TOUCHE
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
015 A00AA01 INVESTORS BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02111
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 W.I.CARR (FAR EAST) LTD.
020 C000001     11
020 A000002 SWISS BANK CORPORATION
020 C000002      2
020 A000003 DAEWOOD SECURITIES
020 C000003      3
020 A000004 JARDINE FLEMING
020 C000004      1
020 A000005 JAMES CAPEL & CO.
020 C000005      1
020 A000006 BARING SECURITIES
020 C000006      1
020 A000007 DONGSUH SECURITIES, SEOUL
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020 A000008 FLEMING, ROBERT INC
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020 A000010 BARING SECURITES (HONG KONG)
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022 D000003       120
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<PAGE>      PAGE  3
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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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066 A000200 Y
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066 D000200 N
<PAGE>      PAGE  10
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066 F000200 N
066 G000200 N
067  000200 N
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SIGNATURE   MR. JOHN F. VAIL                             
TITLE       PRESIDENT           
 


<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary finacial information extracted from Asia
House Inc., form N-SAR for the period ended December 31, 1994 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
   <NUMBER> 1
   <NAME> ASIA HOUSE FAR EAST GROWTH FUND
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                          2048143
<INVESTMENTS-AT-VALUE>                         1948741
<RECEIVABLES>                                    46086
<ASSETS-OTHER>                                   27899
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 2022726
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        35305
<TOTAL-LIABILITIES>                              35305
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       2031367
<SHARES-COMMON-STOCK>                           202588
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                          103
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          55332
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (99381)
<NET-ASSETS>                                   1987421
<DIVIDEND-INCOME>                                 6951
<INTEREST-INCOME>                                34451
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   38261
<NET-INVESTMENT-INCOME>                           3141
<REALIZED-GAINS-CURRENT>                        107104
<APPREC-INCREASE-CURRENT>                      (99381)
<NET-CHANGE-FROM-OPS>                            10864
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         2563
<DISTRIBUTIONS-OF-GAINS>                         52247
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         202869
<NUMBER-OF-SHARES-REDEEMED>                       5709
<SHARES-REINVESTED>                               5428
<NET-CHANGE-IN-ASSETS>                         1987421
<ACCUMULATED-NII-PRIOR>                              0
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<AVERAGE-NET-ASSETS>                           1748077
<PER-SHARE-NAV-BEGIN>                               10
<PER-SHARE-NII>                                   .014
<PER-SHARE-GAIN-APPREC>                           .074
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         .278
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              9.810
<EXPENSE-RATIO>                                  0.023
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from Asia
House Inc., form N-SAR for the period ended December 31, 1994 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
   <NUMBER> 2
   <NAME> ASIA HOUSE ASEAN GROWTH
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<INVESTMENTS-AT-COST>                          1098591
<INVESTMENTS-AT-VALUE>                          989331
<RECEIVABLES>                                    47801
<ASSETS-OTHER>                                  105948
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1143080
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        29386
<TOTAL-LIABILITIES>                              29386
<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                           122295
<SHARES-COMMON-PRIOR>                            10000
<ACCUMULATED-NII-CURRENT>                          268
<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                          2263
<ACCUM-APPREC-OR-DEPREC>                      (107208)
<NET-ASSETS>                                   1113694
<DIVIDEND-INCOME>                                 3672
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<OTHER-INCOME>                                       0
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                          7851
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<NET-CHANGE-IN-ASSETS>                         1013694
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<GROSS-EXPENSE>                                 168476
<AVERAGE-NET-ASSETS>                           1149118
<PER-SHARE-NAV-BEGIN>                               10
<PER-SHARE-NII>                                   .078
<PER-SHARE-GAIN-APPREC>                         (.808)
<PER-SHARE-DIVIDEND>                                 0
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<EXPENSE-RATIO>                                   .024
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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