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<PAGE> PAGE 7
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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 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 21
028 H000600 0
045 000600 Y
046 000600 N
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062 A000600 Y
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063 A000600 67
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064 A000600 N
064 B000600 N
066 A000600 N
067 000600 N
<PAGE> PAGE 22
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 N
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 N
070 N020600 N
070 O010600 N
070 O020600 N
070 P010600 Y
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070 Q010600 N
070 Q020600 N
070 R010600 N
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<PAGE> PAGE 23
072 I000600 16
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<PAGE> PAGE 24
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SIGNATURE CAROLYN F. MEAD
TITLE MANG.COMPLIANCE ADM.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000919556
<NAME> MCM FUNDS
<SERIES>
<NUMBER> 1
<NAME> MCM EQUITY INVESTMENT FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 68124082
<INVESTMENTS-AT-VALUE> 90238192
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<TOTAL-ASSETS> 91393797
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<OTHER-ITEMS-LIABILITIES> 144717
<TOTAL-LIABILITIES> 168685
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 69073015
<SHARES-COMMON-STOCK> 4136523
<SHARES-COMMON-PRIOR> 2972559
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 3674
<ACCUMULATED-NET-GAINS> 41661
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22114110
<NET-ASSETS> 91225112
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<DISTRIBUTIONS-OF-INCOME> 477165
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<NUMBER-OF-SHARES-SOLD> 1312422
<NUMBER-OF-SHARES-REDEEMED> 178198
<SHARES-REINVESTED> 29740
<NET-CHANGE-IN-ASSETS> 32631929
<ACCUMULATED-NII-PRIOR> 20224
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<PER-SHARE-NAV-BEGIN> 19.71
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000919556
<NAME> MCM FUNDS
<SERIES>
<NUMBER> 3
<NAME> MCM BALANCED FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 54022009
<INVESTMENTS-AT-VALUE> 63684902
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<TOTAL-LIABILITIES> 109771
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 54897050
<SHARES-COMMON-STOCK> 3897676
<SHARES-COMMON-PRIOR> 2675673
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<ACCUM-APPREC-OR-DEPREC> 9662893
<NET-ASSETS> 64582360
<DIVIDEND-INCOME> 277332
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<EXPENSES-NET> 155871
<NET-INVESTMENT-INCOME> 805808
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000919556
<NAME> MCM FUNDS
<SERIES>
<NUMBER> 4
<NAME> MCM FIXED INCOME FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
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<INVESTMENTS-AT-COST> 13192385
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<NET-CHANGE-IN-ASSETS> 4246633
<ACCUMULATED-NII-PRIOR> 29851
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<PER-SHARE-NAV-BEGIN> 10.44
<PER-SHARE-NII> .32
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<PER-SHARE-NAV-END> 10.76
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000919556
<NAME> MCM FUNDS
<SERIES>
<NUMBER> 5
<NAME> MCM INTERMEDIATE FIXED INCOME FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000919556
<NAME> MCM FUNDS
<SERIES>
<NUMBER> 6
<NAME> MCM PRINCIPAL PRESERVATION FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
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<ACCUMULATED-NET-GAINS> (4187)
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</TABLE>
