<PAGE> PAGE 1
000 A000000 06/30/96
000 C000000 0000914325
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 THE AQUINAS FUNDS, INC.
001 B000000 811-8122
001 C000000 2142336655
002 A000000 5310 HARVEST HILL ROAD, SUITE 248
002 B000000 DALLAS
002 C000000 TX
002 D010000 75230
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 AQUINAS BALANCED FUND
007 C030100 N
007 C010200 2
007 C020200 AQUINAS EQUITY GROWTH FUND
007 C030200 N
007 C010300 3
007 C020300 AQUINAS EQUITY INCOME FUND
007 C030300 N
007 C010400 4
007 C020400 AQUINAS FIXED INCOME FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 SUNSTONE FINANCIAL GROUP, INC.
010 B00AA01 8-42106
010 C01AA01 MILWAUKEE
010 C02AA01 WI
010 C03AA01 53221
012 A00AA01 DST SYSTEMS, INC.
012 B00AA01 84-00448
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64105
013 A00AA01 ARTHUR ANDERSEN LLP
<PAGE> PAGE 2
013 B01AA01 MILWAUKEE
013 B02AA01 WI
013 B03AA01 53202
015 A00AA01 UNITED MISSOURI BANK, N.A.
015 B00AA01 C
015 C01AA01 KANSAS CITY
015 C02AA01 MO
015 C03AA01 64141
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 AUTRANET
020 B000001 13-2961507
020 C000001 13
020 A000002 SMITH BARNEY
020 B000002 13-3371860
020 C000002 8
020 A000003 BRIDGE TRADING
020 B000003 43-1450530
020 C000003 6
020 A000004 MORGAN STANLEY
020 B000004 13-2655998
020 C000004 5
020 A000005 MERRILL LYNCH
020 B000005 13-2629351
020 C000005 4
020 A000006 BEAR STEARNS & CO.
020 B000006 13-3299429
020 C000006 4
020 A000007 LEHMAN BROTHERS
020 B000007 13-2518466
020 C000007 4
020 A000008 CAPITAL INVESTMENT SERVICES
020 B000008 75-1565705
020 C000008 4
020 A000009 GOLDMAN SACHS
020 B000009 13-5108880
020 C000009 3
020 A000010 DONALDSON, LUFKIN, & JENRETTE
020 B000010 13-2741729
020 C000010 3
021 000000 82
022 A000001 UMB BANK, N.A.
022 B000001 43-1357092
022 C000001 40041
022 D000001 41160
022 A000002 GREENWICH CAPITAL
022 C000002 7989
022 D000002 8143
022 A000003 FIRST BOSTON
<PAGE> PAGE 3
022 B000003 13-5659485
022 C000003 7055
022 D000003 8603
022 A000004 MERRILL LYNCH
022 B000004 13-2629351
022 C000004 3441
022 D000004 5437
022 A000005 PRUDENTIAL SECURITIES
022 B000005 22-2347336
022 C000005 5214
022 D000005 2682
022 A000006 JP MORGAN
022 B000006 13-3224016
022 C000006 2041
022 D000006 3489
022 A000007 LEHMAN BROTHERS
022 B000007 13-2518466
022 C000007 3375
022 D000007 1768
022 A000008 PAINE WEBBER
022 B000008 13-2638166
022 C000008 3782
022 D000008 1070
022 A000009 GOLDMAN SACHS
022 B000009 13-5108880
022 C000009 3418
022 D000009 161
022 A000010 AUTRANET
022 B000010 13-2961507
022 C000010 3137
022 D000010 0
023 C000000 89436
023 D000000 84803
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 Y
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
<PAGE> PAGE 4
038 00AA00 0
039 00AA00 N
040 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 500
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
<PAGE> PAGE 5
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
080 C00AA00 1200
081 A00AA00 N
081 B00AA00 0
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 N
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
008 A000101 AQUINAS INVESTMENT ADVISERS, INC.
008 B000101 A
008 C000101 801-45125
008 D010101 DALLAS
008 D020101 TX
008 D030101 75230
008 A000102 ATLANTIC ASSET MANAGEMENT PARTNERS, INC.
008 B000102 S
008 C000102 801-41596
008 D010102 STAMFORD
008 D020102 CT
008 D030102 06902
008 A000103 INCOME RESEARCH & MANAGEMENT, INC.
008 B000103 S
008 C000103 801-29482
008 D010103 BOSTON
008 D020103 MA
008 D030103 02110
008 A000104 JOHN MCSTAY INVESTMENT COUNCIL
008 B000104 S
008 C000104 801-20244
<PAGE> PAGE 6
008 D010104 DALLAS
008 D020104 TX
008 D030104 75225
008 A000105 BEUTEL, GOODMAN CAPITAL MANAGEMENT
008 B000105 S
008 C000105 801-32646
008 D010105 HOUSTON
008 D020105 TX
008 D030105 77057
008 A000106 NFJ INVESTMENT GROUP, INC.
008 B000106 S
008 C000106 801-47940
008 D010106 DALLAS
008 D020106 TX
008 D030106 75201
024 000100 Y
025 A000101 BEAR STEARNS & CO.
025 B000101 13-3299429
025 C000101 E
025 D000101 164
025 A000102 LEHMAN BROTHERS
025 B000102 13-2518466
025 C000102 D
025 D000102 327
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 75
028 A020100 0
028 A030100 0
028 A040100 197
028 B010100 34
028 B020100 0
028 B030100 0
028 B040100 105
028 C010100 85
028 C020100 0
028 C030100 0
028 C040100 192
028 D010100 99
028 D020100 136
028 D030100 0
028 D040100 423
028 E010100 122
028 E020100 0
028 E030100 0
028 E040100 231
028 F010100 98
<PAGE> PAGE 7
028 F020100 0
028 F030100 0
028 F040100 118
028 G010100 513
028 G020100 136
028 G030100 0
028 G040100 1266
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 1.000
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
<PAGE> PAGE 8
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 0.0
066 A000100 N
067 000100 Y
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
<PAGE> PAGE 9
071 A000100 15952
071 B000100 16971
071 C000100 26264
071 D000100 61
072 A000100 6
072 B000100 350
072 C000100 140
072 D000100 0
072 E000100 0
072 F000100 136
072 G000100 26
072 H000100 0
072 I000100 15
072 J000100 6
072 K000100 0
072 L000100 1
072 M000100 1
072 N000100 2
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 3
072 S000100 4
072 T000100 0
072 U000100 1
072 V000100 0
072 W000100 8
072 X000100 203
072 Y000100 7
072 Z000100 294
072AA000100 1554
072BB000100 314
072CC010100 336
072CC020100 0
072DD010100 294
072DD020100 0
072EE000100 0
073 A010100 0.1230
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 0
074 D000100 10233
074 E000100 0
074 F000100 16370
074 G000100 0
074 H000100 0
074 I000100 1281
074 J000100 180
<PAGE> PAGE 10
074 K000100 0
074 L000100 184
074 M000100 16
074 N000100 28264
074 O000100 329
074 P000100 23
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 174
074 S000100 0
074 T000100 27738
074 U010100 2373
074 U020100 0
074 V010100 11.69
074 V020100 0.00
074 W000100 0.0000
074 X000100 152
074 Y000100 0
075 A000100 0
075 B000100 27434
076 000100 0.00
008 A000201 AQUINAS INVESTMENT ADVISERS, INC.
008 B000201 A
008 C000201 801-45125
008 D010201 DALLAS
008 D020201 TX
008 D030201 75230
008 A000202 JOHN MCSTAY INVESTMENT COUNCIL
008 B000202 S
008 C000202 801-20244
008 D010202 DALLAS
008 D020202 TX
008 D030202 75225
008 A000203 SIRACH CAPITAL MANAGEMENT, INC.
008 B000203 S
008 C000203 801-33477
008 D010203 SEATTLE
008 D020203 WA
008 D030203 98101
024 000200 Y
025 A000201 MERRILL LYNCH
025 B000201 13-2629351
025 C000201 E
025 D000201 137
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
<PAGE> PAGE 11
025 D000207 0
025 D000208 0
028 A010200 283
028 A020200 0
028 A030200 0
028 A040200 428
028 B010200 157
028 B020200 0
028 B030200 0
028 B040200 181
028 C010200 134
028 C020200 0
028 C030200 0
028 C040200 52
028 D010200 511
028 D020200 0
028 D030200 0
028 D040200 179
028 E010200 351
028 E020200 0
028 E030200 0
028 E040200 266
028 F010200 454
028 F020200 0
028 F030200 0
028 F040200 68
028 G010200 1890
028 G020200 0
028 G030200 0
028 G040200 1174
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 1.000
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
<PAGE> PAGE 12
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
053 C000200 N
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 Y
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
<PAGE> PAGE 13
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 9931
071 B000200 9687
071 C000200 16289
071 D000200 59
072 A000200 6
072 B000200 18
072 C000200 61
072 D000200 0
072 E000200 0
072 F000200 86
072 G000200 16
072 H000200 0
072 I000200 13
072 J000200 4
072 K000200 0
072 L000200 1
072 M000200 0
072 N000200 2
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 2
<PAGE> PAGE 14
072 S000200 2
072 T000200 0
072 U000200 1
072 V000200 0
072 W000200 3
072 X000200 130
072 Y000200 2
072 Z000200 -49
072AA000200 1652
072BB000200 391
072CC010200 940
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 0
074 E000200 0
074 F000200 17655
074 G000200 0
074 H000200 0
074 I000200 1272
074 J000200 302
074 K000200 0
074 L000200 9
074 M000200 15
074 N000200 19253
074 O000200 444
074 P000200 15
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 15
074 S000200 0
074 T000200 18779
074 U010200 1362
074 U020200 0
074 V010200 13.78
074 V020200 0.00
074 W000200 0.0000
074 X000200 352
074 Y000200 0
075 A000200 0
075 B000200 17360
<PAGE> PAGE 15
076 000200 0.00
008 A000301 AQUINAS INVESTMENT ADVISERS, INC.
008 B000301 A
008 C000301 801-45125
008 D010301 DALLAS
008 D020301 TX
008 D030301 75230
008 A000302 NFJ INVESTMENT GROUP, INC.
008 B000302 S
008 C000302 801-47940
008 D010302 DALLAS
008 D020302 TX
008 D030302 75201
008 A000303 BEUTEL, GOODMAN CAPITAL MANAGEMENT
008 B000303 S
008 C000303 801-32646
008 D010303 HOUSTON
008 D020303 TX
008 D030303 77057
024 000300 Y
025 A000301 BEAR STEARNS & CO.
025 B000301 13-3299429
025 C000301 E
025 D000301 858
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 1106
028 A020300 0
028 A030300 0
028 A040300 271
028 B010300 548
028 B020300 0
028 B030300 0
028 B040300 866
028 C010300 641
028 C020300 0
028 C030300 0
028 C040300 204
028 D010300 1111
028 D020300 190
028 D030300 0
028 D040300 697
028 E010300 310
028 E020300 0
028 E030300 0
028 E040300 148
<PAGE> PAGE 16
028 F010300 640
028 F020300 0
028 F030300 0
028 F040300 441
028 G010300 4356
028 G020300 190
028 G030300 0
028 G040300 2627
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 1.000
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 N
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
<PAGE> PAGE 17
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 N
066 E000300 Y
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 N
070 K020300 N
070 L010300 Y
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
<PAGE> PAGE 18
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 9408
071 B000300 9834
071 C000300 42426
071 D000300 22
072 A000300 6
072 B000300 55
072 C000300 679
072 D000300 0
072 E000300 0
072 F000300 226
072 G000300 43
072 H000300 0
072 I000300 14
072 J000300 2
072 K000300 0
072 L000300 1
072 M000300 1
072 N000300 4
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 5
072 S000300 6
072 T000300 0
072 U000300 1
072 V000300 0
072 W000300 4
072 X000300 307
072 Y000300 0
072 Z000300 427
072AA000300 2277
072BB000300 297
072CC010300 1274
072CC020300 0
072DD010300 432
072DD020300 0
072EE000300 0
073 A010300 0.1174
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 0
<PAGE> PAGE 19
074 F000300 44408
074 G000300 0
074 H000300 0
074 I000300 3010
074 J000300 0
074 K000300 0
074 L000300 124
074 M000300 19
074 N000300 47561
074 O000300 0
074 P000300 39
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 250
074 S000300 0
074 T000300 47272
074 U010300 3714
074 U020300 0
074 V010300 12.73
074 V020300 0.00
074 W000300 0.0000
074 X000300 524
074 Y000300 0
075 A000300 0
075 B000300 45322
076 000300 0.00
008 A000401 AQUINAS INVESTMENT ADVISERS, INC.
008 B000401 A
008 C000401 801-45125
008 D010401 DALLAS
008 D020401 TX
008 D030401 75230
008 A000402 ATLANTIC ASSET MANAGEMENT PARTNERS, INC.
008 B000402 S
008 C000402 801-41596
008 D010402 STAMFORD
008 D020402 CT
008 D030402 06902
008 A000403 INCOME RESEARCH & MANAGEMENT, INC.
008 B000403 S
008 C000403 801-29482
008 D010403 BOSTON
008 D020403 MA
008 D030403 02110
024 000400 Y
025 A000401 LEHMAN BROTHERS
025 B000401 13-2581846
025 C000401 D
025 D000401 629
<PAGE> PAGE 20
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 377
028 A020400 0
028 A030400 0
028 A040400 315
028 B010400 374
028 B020400 142
028 B030400 0
028 B040400 424
028 C010400 300
028 C020400 142
028 C030400 0
028 C040400 101
028 D010400 705
028 D020400 138
028 D030400 0
028 D040400 569
028 E010400 360
028 E020400 156
028 E030400 0
028 E040400 13
028 F010400 258
028 F020400 149
028 F030400 0
028 F040400 140
028 G010400 2374
028 G020400 727
028 G030400 0
028 G040400 1562
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.600
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
<PAGE> PAGE 21
048 F020400 0.000
048 G010400 0
048 G020400 0.000
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
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
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 18.4
062 N000400 24.2
062 O000400 0.0
062 P000400 51.4
062 Q000400 0.0
062 R000400 5.1
063 A000400 0
063 B000400 13.5
064 A000400 N
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
<PAGE> PAGE 22
070 D010400 N
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 36562
071 B000400 34007
071 C000400 33227
071 D000400 102
072 A000400 6
072 B000400 1117
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 105
072 G000400 34
072 H000400 0
072 I000400 15
072 J000400 0
072 K000400 0
072 L000400 1
072 M000400 1
072 N000400 3
072 O000400 0
072 P000400 0
072 Q000400 0
<PAGE> PAGE 23
072 R000400 4
072 S000400 5
072 T000400 0
072 U000400 1
072 V000400 0
072 W000400 7
072 X000400 176
072 Y000400 1
072 Z000400 942
072AA000400 312
072BB000400 351
072CC010400 0
072CC020400 1523
072DD010400 931
072DD020400 0
072EE000400 0
073 A010400 0.2602
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 33481
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 1796
074 J000400 0
074 K000400 0
074 L000400 495
074 M000400 21
074 N000400 35794
074 O000400 0
074 P000400 17
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 172
074 S000400 0
074 T000400 35605
074 U010400 3660
074 U020400 0
074 V010400 9.73
074 V020400 0.00
074 W000400 0.0000
074 X000400 190
074 Y000400 0
075 A000400 0
<PAGE> PAGE 24
075 B000400 35252
076 000400 0.00
SIGNATURE AMY NEWGARD
TITLE FINANCIAL ANALYST
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000914325
<NAME> THE AQUINAS FUNDS INC
<SERIES>
<NUMBER> 1
<NAME> AQUINAS BALANCED FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 24,647,720
<INVESTMENTS-AT-VALUE> 27,883,686
<RECEIVABLES> 364,356
<ASSETS-OTHER> 15,810
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 28,263,852
<PAYABLE-FOR-SECURITIES> 328,775
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 197,337
<TOTAL-LIABILITIES> 526,112
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23,288,946
<SHARES-COMMON-STOCK> 2,373,172
<SHARES-COMMON-PRIOR> 2,427,470
<ACCUMULATED-NII-CURRENT> 2,940
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,209,888
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,235,966
<NET-ASSETS> 27,737,740
<DIVIDEND-INCOME> 140,434
<INTEREST-INCOME> 349,663
<OTHER-INCOME> 0
<EXPENSES-NET> (196,229)
<NET-INVESTMENT-INCOME> 293,868
<REALIZED-GAINS-CURRENT> 1,239,867
<APPREC-INCREASE-CURRENT> 336,217
<NET-CHANGE-FROM-OPS> 1,869,952
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (293,569)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 44,724
<NUMBER-OF-SHARES-REDEEMED> (110,980)
<SHARES-REINVESTED> 11,958
<NET-CHANGE-IN-ASSETS> 958,923
<ACCUMULATED-NII-PRIOR> 2,641
<ACCUMULATED-GAINS-PRIOR> (29,979)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 136,408
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 203,149
<AVERAGE-NET-ASSETS> 27,434,121
<PER-SHARE-NAV-BEGIN> 11.03
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 0.66
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.69
<EXPENSE-RATIO> 1.44
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000914325
<NAME> THE AQUINAS FUNDS INC
<SERIES>
<NUMBER> 2
<NAME> AQUINAS EQUITY GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 15,390,873
<INVESTMENTS-AT-VALUE> 18,926,892
<RECEIVABLES> 311,629
<ASSETS-OTHER> 14,744
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 19,253,265
<PAYABLE-FOR-SECURITIES> 443,889
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 30,710
<TOTAL-LIABILITIES> 474,599
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 14,052,679
<SHARES-COMMON-STOCK> 1,362,488
<SHARES-COMMON-PRIOR> 1,312,086
<ACCUMULATED-NII-CURRENT> (49,480)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,239,448
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,536,019
<NET-ASSETS> 18,778,666
<DIVIDEND-INCOME> 60,899
<INTEREST-INCOME> 17,948
<OTHER-INCOME> 0
<EXPENSES-NET> (128,327)
<NET-INVESTMENT-INCOME> (49,480)
<REALIZED-GAINS-CURRENT> 1,261,189
<APPREC-INCREASE-CURRENT> 939,842
<NET-CHANGE-FROM-OPS> 2,151,551
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 142,732
<NUMBER-OF-SHARES-REDEEMED> (92,330)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2,867,008
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (21,741)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 85,532
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 129,785
<AVERAGE-NET-ASSETS> 17,360,094
<PER-SHARE-NAV-BEGIN> 12.13
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 1.69
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.78
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000914325
<NAME> THE AQUINAS FUNDS INC
<SERIES>
<NUMBER> 3
<NAME> AQUINAS EQUITY INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 39,939,106
<INVESTMENTS-AT-VALUE> 47,418,281
<RECEIVABLES> 124,028
<ASSETS-OTHER> 19,163
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 47,561,472
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 289,663
<TOTAL-LIABILITIES> 289,663
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 37,896,860
<SHARES-COMMON-STOCK> 3,713,962
<SHARES-COMMON-PRIOR> 3,557,797
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,895,774
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,479,175
<NET-ASSETS> 47,271,809
<DIVIDEND-INCOME> 678,945
<INTEREST-INCOME> 55,075
<OTHER-INCOME> 0
<EXPENSES-NET> (306,878)
<NET-INVESTMENT-INCOME> 427,142
<REALIZED-GAINS-CURRENT> 1,980,463
<APPREC-INCREASE-CURRENT> 1,274,258
<NET-CHANGE-FROM-OPS> 3,681,863
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (431,609)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 352,940
<NUMBER-OF-SHARES-REDEEMED> (212,086)
<SHARES-REINVESTED> 15,311
<NET-CHANGE-IN-ASSETS> 5,169,430
<ACCUMULATED-NII-PRIOR> 319
<ACCUMULATED-GAINS-PRIOR> (84,689)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 226,036
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 306,878
<AVERAGE-NET-ASSETS> 45,322,493
<PER-SHARE-NAV-BEGIN> 11.83
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 0.89
<PER-SHARE-DIVIDEND> (0.11)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.73
<EXPENSE-RATIO> 1.36
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000914325
<NAME> THE AQUINAS FUNDS INC
<SERIES>
<NUMBER> 4
<NAME> AQUINAS FIXED INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 35,482,509
<INVESTMENTS-AT-VALUE> 35,276,459
<RECEIVABLES> 495,921
<ASSETS-OTHER> 21,214
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 35,793,594
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 188,691
<TOTAL-LIABILITIES> 188,691
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36,322,222
<SHARES-COMMON-STOCK> 3,660,161
<SHARES-COMMON-PRIOR> 3,503,496
<ACCUMULATED-NII-CURRENT> 16,904
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (528,173)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (206,050)
<NET-ASSETS> 35,604,903
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,117,038
<OTHER-INCOME> 0
<EXPENSES-NET> (175,510)
<NET-INVESTMENT-INCOME> 941,528
<REALIZED-GAINS-CURRENT> (39,019)
<APPREC-INCREASE-CURRENT> (1,523,361)
<NET-CHANGE-FROM-OPS> (620,852)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (930,539)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 239,761
<NUMBER-OF-SHARES-REDEEMED> (156,778)
<SHARES-REINVESTED> 73,682
<NET-CHANGE-IN-ASSETS> (11,948)
<ACCUMULATED-NII-PRIOR> 5,915
<ACCUMULATED-GAINS-PRIOR> (489,154)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 105,268
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 175,960
<AVERAGE-NET-ASSETS> 35,252,187
<PER-SHARE-NAV-BEGIN> 10.17
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> (0.44)
<PER-SHARE-DIVIDEND> (0.26)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.73
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
