<PAGE> PAGE 1
000 A000000 06/30/97
000 C000000 0000916490
000 D000000 N
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000 F000000 Y
000 G000000 Y
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000 I000000 3.0
000 J000000 A
001 A000000 THE TIMOTHY PLAN
001 B000000 811-8228
001 C000000 8008467526
002 A000000 1304 WEST FAIRBANKS AVENUE
002 B000000 WINTER PARK
002 C000000 FL
002 D010000 32789
003 000000 N
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008 C00AA01 801-45766
008 D01AA01 WINTER PARK
008 D02AA01 FL
008 D03AA01 32789
008 A00AA02 AWAD & ASSOCIATES
008 B00AA02 S
008 C00AA02 801-104186
008 D01AA02 NEW YORK
008 D02AA02 NY
008 D03AA02 10022
010 A00AA01 FPS SERVICES, INC
010 B00AA01 34910
010 C01AA01 KING OF PRUSSIA
<PAGE> PAGE 2
010 C02AA01 PA
010 C03AA01 19406
011 A00AA01 FPS BROKER SERVICES, INC.
011 B00AA01 8-41540
011 C01AA01 KING OF PRUSSSIA
011 C02AA01 PA
011 C03AA01 19406
012 A00AA01 FPS SERVICES, INC.
012 B00AA01 84-932
012 C01AA01 KING OF PRUSSIA
012 C02AA01 PA
012 C03AA01 19406
013 A00AA01 TAIT WELLER & BAKER
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
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013 B04AA01 1707
014 A00AA01 RAYMOND JAMES & ASSOCIATES, INC.
014 B00AA01 8-10418
015 A00AA01 THE BANK OF NEW YORK
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020 A000002 RAIKE FINANCIAL GROUP,INC.
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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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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SIGNATURE GRETCHEN B. ZEPERNICK
TITLE CORP COMPLIANCE ADMN
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000916490
<NAME> THE TIMOTHY PLAN
<SERIES>
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<NAME> INSTITUTIONAL CLASS
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<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 16543621
<INVESTMENTS-AT-VALUE> 17619966
<RECEIVABLES> 64600
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 19010
<TOTAL-LIABILITIES> 995942
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<ACCUMULATED-NII-CURRENT> 19070
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<ACCUMULATED-NET-GAINS> 1746935
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<EXPENSES-NET> 124207
<NET-INVESTMENT-INCOME> 19070
<REALIZED-GAINS-CURRENT> 1582513
<APPREC-INCREASE-CURRENT> 156672
<NET-CHANGE-FROM-OPS> 1758255
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<NUMBER-OF-SHARES-SOLD> 89458
<NUMBER-OF-SHARES-REDEEMED> 45974
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 5055795
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 164422
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</TABLE>
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1076345
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<INTEREST-INCOME> 62544
<OTHER-INCOME> 6267
<EXPENSES-NET> 124207
<NET-INVESTMENT-INCOME> 19070
<REALIZED-GAINS-CURRENT> 1582513
<APPREC-INCREASE-CURRENT> 156672
<NET-CHANGE-FROM-OPS> 1758255
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<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 255944
<NUMBER-OF-SHARES-REDEEMED> 16699
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<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
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</TABLE>
Exhibit 99
Sub-Item 77C
Special Meeting of Shareholders
A special meeting of shareholders was held on January 31, 1997,
to elect the seven members to the Board of Trustees, to vote on
a new sub-investment advisory agreement among the Fund, Timothy
Partners, LTD., and Awad & Associates, a division of Raymond
James & Associates, Inc., and to vote on a revised 12b-1
distribution plan on behalf of the Retail Class only. The
results were as follows:
For the election of the seven members to the Board of Trustees:
VOTES FOR VOTES WITHHELD
Arthur D. Ally 514,374 9,727
Joseph E. Boatwright 514,638 9,463
Daniel D. Busby 514,839 9,462
Philip B. Crosby 514,537 9,564
Wesley W. Pennington 514,840 9,261
Mark Schweizer 514,840 9,261
Jock M. Sneddon 514,537 9,564
For the election of the new sub-investment advisory agreement:
GRANT: 512,562
WITHHOLD: 11,539
For the election of the revised 12b-1 distribution plan on
behalf of the Retail Class only (which is to become effective
upon implementation of a CDSC. As of June 30, 1997, the
revision is not in effect):
GRANT: 166,112
WITHHOLD: 4,272
At a meeting held March 4, 1997, the Board of Trustees
appointed a new independent Trustee to fill the vacancy created
by the death of Mr. Mark Schweizer. Following a review of
possible candidates, the current independent Trustees nominated
and the full Board subsequently elected Mr. Scott Fehrenbacher
as a Trustee, to serve in such capacity, unless earlier removed
or until the election and qualification of his successor.
