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<PAGE> PAGE 9
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 17
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066 A000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
<PAGE> PAGE 21
070 I010500 Y
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 N
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 38573
071 B000500 25134
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072 A000500 6
072 B000500 3854
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072 D000500 0
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<PAGE> PAGE 22
072BB000500 0
072CC010500 1408
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072DD010500 3908
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073 A010500 0.3200
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074 A000500 2153
074 B000500 0
074 C000500 0
074 D000500 132103
074 E000500 0
074 F000500 0
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028 A010600 13620
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<PAGE> PAGE 23
028 C010600 24328
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045 000600 Y
046 000600 N
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<PAGE> PAGE 24
062 E000600 0.0
062 F000600 0.0
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062 I000600 28.8
062 J000600 0.0
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062 L000600 0.0
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062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
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063 A000600 69
063 B000600 0.0
064 A000600 N
064 B000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
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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
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070 K020600 N
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070 L020600 N
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070 M020600 N
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070 N020600 N
<PAGE> PAGE 25
070 O010600 N
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
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<PAGE> PAGE 26
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SIGNATURE DAVID A. PETERS
TITLE COMPLIANCE ADMINISTR
<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-30-1999
<PERIOD-START> JUL-01-1998
<PERIOD-END> DEC-31-1998
<INVESTMENTS-AT-COST> 116377600
<INVESTMENTS-AT-VALUE> 168707191
<RECEIVABLES> 1276556
<ASSETS-OTHER> 24652
<OTHER-ITEMS-ASSETS> 2282645
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<SHARES-COMMON-PRIOR> 5083201
<ACCUMULATED-NII-CURRENT> 16642
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<ACCUMULATED-NET-GAINS> 1956544
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 171078828
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<DISTRIBUTIONS-OF-INCOME> (695327)
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<TABLE> <S> <C>
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<CIK> 0000919556
<NAME> MCM FUNDS
<SERIES>
<NUMBER> 3
<NAME> MCM BALANCED FUND
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
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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-30-1999
<PERIOD-START> JUL-01-1998
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<PER-SHARE-NAV-END> 11.03
<EXPENSE-RATIO> .50
<AVG-DEBT-OUTSTANDING> 0
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</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
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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-30-1999
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