MAGNA FUNDS /MA/
NSAR-B, 1998-10-29
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<PAGE>      PAGE  1
000 B000000 08/31/98
000 C000000 922637
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 MAGNA FUNDS
001 B000000 811-8494
001 C000000 6144708000
002 A000000 3435 STELZER ROAD
002 B000000 COLUMBUS
002 C000000 OH
002 D010000 43219
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 MAGNA INTERMEDIATE GOVERNMENT BOND FUND
007 C030100 N
007 C010200  2
007 C020200 MAGNA GROWTH & INCOME FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
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008 B00AA01 A
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008 D01AA01 ST LOUIS
008 D02AA01 MO
008 D03AA01 61344
010 A00AA01 BISYS FUND SERVICES
010 B00AA01 8-32480
010 C01AA01 COLUMBUS
010 C02AA01 OH
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011 A00AA01 BISYS FUND SERVICES
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011 C02AA01 OH
011 C03AA01 43219
<PAGE>      PAGE  3
012 A00AA01 BISYS FUND SERVICES
012 B00AA01 84-0000
012 C01AA01 COLUMBUS
012 C02AA01 OH
012 C03AA01 43219
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 COLUMBUS
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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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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
070 E010200 N
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
SIGNATURE   CORY GOSSARD                                 
TITLE       SUPERVISOR          
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000922637
<NAME> MAGNA FUNDS
<SERIES>
   <NUMBER> 01
   <NAME> MAGNA INTERMEDIATE GOVERNMENT BOND FUND
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000922637
<NAME> MAGNA FUNDS
<SERIES>
   <NUMBER> 02
   <NAME> MAGNA GROWTH AND INCOME FUND
       
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<PER-SHARE-DISTRIBUTIONS>                          .42
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              23.46
<EXPENSE-RATIO>                                   0.99
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

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