<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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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 19
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<PAGE> PAGE 20
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072 Q000500 0
072 R000500 4
072 S000500 6
072 T000500 0
072 U000500 9
072 V000500 0
072 W000500 4
072 X000500 292
072 Y000500 0
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072AA000500 1265
<PAGE> PAGE 21
072BB000500 0
072CC010500 5992
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073 C000500 0.0000
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074 B000500 2886
074 C000500 0
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074 F000500 38962
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074 I000500 0
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074 K000500 0
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074 M000500 53
074 N000500 42994
074 O000500 1125
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074 X000500 883
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076 000500 0.00
014 A000601 GOLDMAN, SACHS & CO.
014 B000601 8-16048
014 A000602 GOLDMAN SACHS INTERNATIONAL
014 B000602 8-00000000
014 A000603 JARDINE FLEMING
014 B000603 8-00000000
014 A000604 ROBERT FLEMING SECURITIES
014 B000604 8-00000000
<PAGE> PAGE 22
015 A000601 STATE STREET BANK AND TRUST COMPANY
015 B000601 C
015 C010601 BOSTON
015 C020601 MA
015 C030601 02110
015 E010601 X
015 A000602 CITIBANK, N.A.
015 B000602 S
015 C010602 BUENOS AIRES
015 D010602 ARGENTINA
015 E040602 X
015 A000603 WESTPAC BANKING CORPORATION
015 B000603 S
015 C010603 SYDNEY
015 D010603 AUSTRALIA
015 E040603 X
015 A000604 GIROCREDIT BANK
015 B000604 S
015 C010604 VIENNA
015 D010604 AUSTRIA
015 E040604 X
015 A000605 STANDARD CHARTERED BANK
015 B000605 S
015 C010605 DHAKA
015 D010605 BANGLADESH
015 E040605 X
015 A000606 BARCLAYS BANK OF BOTSWANA LIMITED
015 B000606 S
015 C010606 GABORONE
015 D010606 BOTSWANA
015 E040606 X
015 A000607 CITIBANK, N.A.
015 B000607 S
015 C010607 SAO PAULO
015 D010607 BRAZIL
015 E040607 X
015 A000608 CANADA TRUSTCO MORTGAGE COMPANY
015 B000608 S
015 C010608 TORNOTO
015 D010608 CANADA
015 E040608 X
015 A000609 CITIBANK, N.A.
015 B000609 S
015 C010609 SANTIAGO
015 D010609 CHILE
015 E040609 X
015 A000610 THE HONG KONG & SHANGHAI BANKING CORP. LTD.
015 B000610 S
015 C010610 SHANGHAI
015 D010610 CHINA
015 E040610 X
<PAGE> PAGE 23
015 A000611 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000611 S
015 C010611 PRAGUE
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015 A000612 DEN DANSKE BANK
015 B000612 S
015 C010612 COPENHAGEN
015 D010612 DENMARK
015 E040612 X
015 A000613 KANSALLIS-OSAKE-PANKKI
015 B000613 S
015 C010613 HELSINKI
015 D010613 FINLAND
015 E040613 X
015 A000614 BANQUE PARIBAS
015 B000614 S
015 C010614 PARIS
015 D010614 FRANCE
015 E040614 X
015 A000615 BERLINER HANDELSUND FRANKFURTER BANK
015 B000615 S
015 C010615 FRANKFURT
015 D010615 GERMANY
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015 A000616 STANDARD CHARTERED BANK
015 B000616 S
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015 D010616 HONG KONG
015 E040616 X
015 A000617 CITIBANK BUDAPEST RT.
015 B000617 S
015 C010617 BUDAPEST
015 D010617 HUNGARY
015 E040617 X
015 A000618 THE HONG KONG AND SHANGHAI BANKING CORP. LTD.
015 B000618 S
015 C010618 BOMBAY
015 D010618 INDIA
015 E040618 X
015 A000619 BANK HAPOALIM B.M.
015 B000619 S
015 C010619 TEL AVIV
015 D010619 ISRAEL
015 E040619 X
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015 B000620 S
015 C010620 MILAN
015 D010620 ITALY
015 E040620 X
015 A000621 SUMITOMO TRUST & BANKING CO., LTD.
<PAGE> PAGE 24
015 B000621 S
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015 D010621 JAPAN
015 E040621 X
015 A000622 THE BRITISH BANK OF THE MIDDLE EAST
015 B000622 S
015 C010622 AMMAN
015 D010622 JORDAN
015 E040622 X
015 A000623 BANK OF SEOUL
015 B000623 S
015 C010623 SEOUL
015 D010623 KOREA
015 E040623 X
015 A000624 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B000624 S
015 C010624 KUALA LUMPUR
015 D010624 MALAYSIA
015 E040624 X
015 A000625 CITIBANK MEXICO, S.A.
015 B000625 S
015 C010625 MEXICO CITY
015 D010625 MEXICO
015 E040625 X
015 A000626 MEESPIERSON N.V.
015 B000626 S
015 C010626 AMSTERDAM
015 D010626 NETHERLANDS
015 E040626 X
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015 B000627 S
015 C010627 WELLINGTON
015 D010627 NEW ZEALAND
015 E040627 X
015 A000628 CHRISTIANIA BANK OG KREDITKASSE
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015 C010628 OSLO
015 D010628 NORWAY
015 E040628 X
015 A000629 BANCO COMERCIAL PORTUGUES
015 B000629 S
015 C010629 LISBON
015 D010629 PORTUGAL
015 E040629 X
015 A000630 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B000630 S
015 C010630 SINGAPORE
015 D010630 SINGAPORE
015 E040630 X
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<PAGE> PAGE 25
015 C010631 JOHANNESBURG
015 D010631 SOUTH AFRICA
015 E040631 X
015 A000632 BANCO SANTANDER, S.A.
015 B000632 S
015 C010632 MADRID
015 D010632 SPAIN
015 E040632 X
015 A000633 SKANDINAVISKA ENSKILDA BANKEN
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015 C010633 STOCKHOLM
015 D010633 SWEDEN
015 E040633 X
015 A000634 UNION BANK OF SWITZERLAND
015 B000634 S
015 C010634 ZURICH
015 D010634 SWITZERLAND
015 E040634 X
015 A000635 STANDARD CHARTERED BANK
015 B000635 S
015 C010635 BANGKOK
015 D010635 THAILAND
015 E040635 X
015 A000636 STATE STREET BANK AND TRUST COMPANY
015 B000636 S
015 C010636 LONDON
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015 E040636 X
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015 B000637 S
015 C010637 BRUSSELS
015 D010637 BELGIUM
015 E040637 X
028 A010600 2412
028 A020600 0
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028 A040600 79
028 B010600 803
028 B020600 0
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028 C010600 1873
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028 C030600 0
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028 D040600 375
028 E010600 1993
028 E020600 0
<PAGE> PAGE 26
028 E030600 0
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028 G020600 0
028 G030600 0
028 G040600 1000
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029 000600 Y
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031 A000600 0
031 B000600 0
032 000600 4
033 000600 0
045 000600 Y
046 000600 N
047 000600 Y
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048 I010600 0
048 I020600 0.000
048 J010600 0
048 J020600 0.000
048 K010600 0
048 K020600 0.000
055 A000600 N
055 B000600 N
056 000600 Y
057 000600 N
062 A000600 N
062 B000600 0.0
<PAGE> PAGE 27
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
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062 L000600 0.0
062 M000600 0.0
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 Y
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 Y
070 Q010600 N
070 Q020600 N
070 R010600 N
<PAGE> PAGE 28
070 R020600 N
071 A000600 20976
071 B000600 2441
071 C000600 9735
071 D000600 25
072 A000600 11
072 B000600 99
072 C000600 196
072 D000600 0
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072 G000600 15
072 H000600 0
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072 J000600 146
072 K000600 0
072 L000600 2
072 M000600 1
072 N000600 10
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072 P000600 0
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072 R000600 2
072 S000600 3
072 T000600 0
072 U000600 9
072 V000600 0
072 W000600 2
072 X000600 360
072 Y000600 174
072 Z000600 109
072AA000600 30
072BB000600 0
072CC010600 389
072CC020600 0
072DD010600 8
072DD020600 0
072EE000600 0
073 A010600 0.0300
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 1
074 B000600 1814
074 C000600 0
074 D000600 3
074 E000600 100
074 F000600 18886
074 G000600 0
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<PAGE> PAGE 29
074 J000600 0
074 K000600 25
074 L000600 326
074 M000600 89
074 N000600 21244
074 O000600 129
074 P000600 18
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 83
074 S000600 0
074 T000600 21014
074 U010600 1127
074 U020600 0
074 V010600 18.64
074 V020600 0.00
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074 X000600 611
074 Y000600 0
075 A000600 0
075 B000600 11516
076 000600 0.00
014 A000701 GOLDMAN, SACHS & CO.
014 B000701 8-16048
014 A000702 GOLDMAN SACHS INTERNATIONAL
014 B000702 8-00000
015 A000701 STATE STREET BANK AND TRUST COMPANY
015 B000701 C
015 C010701 BOSTON
015 C020701 MA
015 C030701 02110
015 E010701 X
028 A010700 220
028 A020700 1
028 A030700 0
028 A040700 32
028 B010700 503
028 B020700 2
028 B030700 0
028 B040700 17
028 C010700 1338
028 C020700 1
028 C030700 0
028 C040700 0
028 D010700 955
028 D020700 1
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028 D040700 136
028 E010700 862
<PAGE> PAGE 30
028 E020700 1
028 E030700 0
028 E040700 7
028 F010700 1254
028 F020700 1
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028 F040700 83
028 G010700 5132
028 G020700 7
028 G030700 0
028 G040700 275
028 H000700 6
029 000700 Y
030 A000700 0
030 B000700 3.50
030 C000700 0.00
031 A000700 0
031 B000700 0
032 000700 0
033 000700 0
062 A000700 Y
062 B000700 0.0
062 C000700 0.0
062 D000700 3.3
062 E000700 0.0
062 F000700 0.0
062 G000700 0.0
062 H000700 0.0
062 I000700 0.0
062 J000700 0.0
062 K000700 0.0
062 L000700 0.0
062 M000700 0.0
062 N000700 0.0
062 O000700 90.9
062 P000700 0.0
062 Q000700 0.0
062 R000700 0.0
063 A000700 0
063 B000700 6.7
064 A000700 Y
064 B000700 N
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
<PAGE> PAGE 31
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 N
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 N
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 10654
071 B000700 1115
071 C000700 6006
071 D000700 19
072 A000700 9
072 B000700 242
072 C000700 0
072 D000700 0
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072 G000700 7
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072 M000700 1
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072 R000700 3
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072 T000700 0
<PAGE> PAGE 32
072 U000700 8
072 V000700 0
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072 Y000700 50
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072AA000700 6
072BB000700 0
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072DD010700 201
072DD020700 0
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073 A010700 0.5363
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 1
074 B000700 352
074 C000700 0
074 D000700 9745
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074 N000700 10786
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074 R040700 50
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074 T000700 10721
074 U010700 578
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075 B000700 6936
076 000700 0.00
014 A000801 GOLDMAN, SACHS & CO.
<PAGE> PAGE 33
014 B000801 8-16048
014 A000802 GOLDMAN SACHS INTERNATIONAL
014 B000802 8-00000
015 A000801 STATE STREET BANK AND TRUST COMPANY
015 B000801 C
015 C010801 BOSTON
015 C020801 MA
015 C030801 02110
015 E010801 X
028 A010800 283
028 A020800 1
028 A030800 0
028 A040800 10
028 B010800 860
028 B020800 2
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028 E010800 1082
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028 F020800 3
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028 F040800 183
028 G010800 4913
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029 000800 Y
030 A000800 7
030 B000800 3.50
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032 000800 6
033 000800 0
062 A000800 Y
062 B000800 0.0
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062 D000800 1.2
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<PAGE> PAGE 34
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
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062 M000800 0.0
062 N000800 0.0
062 O000800 96.0
062 P000800 0.0
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063 A000800 0
063 B000800 6.6
064 A000800 Y
064 B000800 N
070 A010800 Y
070 A020800 Y
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 N
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 N
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
<PAGE> PAGE 35
070 R010800 N
070 R020800 N
071 A000800 10993
071 B000800 2571
071 C000800 4955
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073 A010800 0.5660
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<PAGE> PAGE 36
074 I000800 0
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SIGNATURE DEBORAH ROBINSON
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMMERCE
FUNDS ANNUAL REPORT DATED OCTOBER 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> THE SHORT-TERM GOVERNMENT FUND
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> DEC-12-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 18,904,502
<INVESTMENTS-AT-VALUE> 19,437,226
<RECEIVABLES> 1,074,796
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<TOTAL-ASSETS> 20,566,219
<PAYABLE-FOR-SECURITIES> 0
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<OTHER-ITEMS-LIABILITIES> 354,908
<TOTAL-LIABILITIES> 354,908
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 19,432,565
<SHARES-COMMON-STOCK> 1,073,509
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 246,022
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 532,724
<NET-ASSETS> 20,211,311
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,107,676
<OTHER-INCOME> 0
<EXPENSES-NET> (106,740)
<NET-INVESTMENT-INCOME> 1,000,936
<REALIZED-GAINS-CURRENT> 246,022
<APPREC-INCREASE-CURRENT> 532,724
<NET-CHANGE-FROM-OPS> 1,779,682
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,000,936)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,615,040
<NUMBER-OF-SHARES-REDEEMED> (591,004)
<SHARES-REINVESTED> 49,473
<NET-CHANGE-IN-ASSETS> 20,211,311
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 178,731
<AVERAGE-NET-ASSETS> 17,574,864
<PER-SHARE-NAV-BEGIN> 18.00
<PER-SHARE-NII> 1.06
<PER-SHARE-GAIN-APPREC> 0.83
<PER-SHARE-DIVIDEND> (1.06)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.83
<EXPENSE-RATIO> 0.68
<AVG-DEBT-OUTSTANDING> 0
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMMERCE
FUNDS ANNUAL REPORT DATED OCTOBER 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> THE BOND FUND
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> DEC-12-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 93,364,171
<INVESTMENTS-AT-VALUE> 99,292,282
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<TOTAL-ASSETS> 100,795,560
<PAYABLE-FOR-SECURITIES> 1,980,525
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 310,757
<TOTAL-LIABILITIES> 2,291,282
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 91,184,423
<SHARES-COMMON-STOCK> 5,024,288
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,391,744
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,928,111
<NET-ASSETS> 98,504,278
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,805,924
<OTHER-INCOME> 0
<EXPENSES-NET> (679,494)
<NET-INVESTMENT-INCOME> 5,126,430
<REALIZED-GAINS-CURRENT> 1,391,744
<APPREC-INCREASE-CURRENT> 5,928,111
<NET-CHANGE-FROM-OPS> 12,446,285
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,126,430)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,978,187
<NUMBER-OF-SHARES-REDEEMED> (1,217,095)
<SHARES-REINVESTED> 263,196
<NET-CHANGE-IN-ASSETS> 98,504,278
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 386,076
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 679,799
<AVERAGE-NET-ASSETS> 86,452,588
<PER-SHARE-NAV-BEGIN> 18.00
<PER-SHARE-NII> 1.12
<PER-SHARE-GAIN-APPREC> 1.61
<PER-SHARE-DIVIDEND> (1.12)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.61
<EXPENSE-RATIO> 0.88
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMMERCE
FUNDS ANNUAL REPORT DATED OCTOBER 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> THE BALANCED FUND
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> DEC-12-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 41,806,837
<INVESTMENTS-AT-VALUE> 48,303,409
<RECEIVABLES> 388,054
<ASSETS-OTHER> 56,231
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 48,747,694
<PAYABLE-FOR-SECURITIES> 237,839
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 181,163
<TOTAL-LIABILITIES> 419,002
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40,275,787
<SHARES-COMMON-STOCK> 2,186,454
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 94,794
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,461,539
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,496,572
<NET-ASSETS> 48,328,692
<DIVIDEND-INCOME> 247,295
<INTEREST-INCOME> 1,348,091
<OTHER-INCOME> 0
<EXPENSES-NET> (408,987)
<NET-INVESTMENT-INCOME> 1,186,399
<REALIZED-GAINS-CURRENT> 1,461,539
<APPREC-INCREASE-CURRENT> 6,496,572
<NET-CHANGE-FROM-OPS> 9,144,510
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,091,605)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,769,352
<NUMBER-OF-SHARES-REDEEMED> (636,363)
<SHARES-REINVESTED> 53,465
<NET-CHANGE-IN-ASSETS> 48,328,692
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 361,935
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 524,026
<AVERAGE-NET-ASSETS> 40,523,371
<PER-SHARE-NAV-BEGIN> 18.00
<PER-SHARE-NII> 0.59
<PER-SHARE-GAIN-APPREC> 4.06
<PER-SHARE-DIVIDEND> (0.55)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 22.10
<EXPENSE-RATIO> 1.13
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMMERCE
FUNDS ANNUAL REPORT DATED OCTOBER 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> THE GROWTH FUND
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> DEC-12-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 112,656,883
<INVESTMENTS-AT-VALUE> 142,756,400
<RECEIVABLES> 544,147
<ASSETS-OTHER> 64,273
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 143,364,820
<PAYABLE-FOR-SECURITIES> 1,167,087
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 462,597
<TOTAL-LIABILITIES> 1,629,684
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 104,984,884
<SHARES-COMMON-STOCK> 5,742,595
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 23,409
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,627,326
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 30,099,517
<NET-ASSETS> 141,735,136
<DIVIDEND-INCOME> 1,598,013
<INTEREST-INCOME> 437,788
<OTHER-INCOME> 0
<EXPENSES-NET> (1,177,643)
<NET-INVESTMENT-INCOME> 858,158
<REALIZED-GAINS-CURRENT> 6,627,326
<APPREC-INCREASE-CURRENT> 30,099,517
<NET-CHANGE-FROM-OPS> 37,585,001
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (834,749)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,111,443
<NUMBER-OF-SHARES-REDEEMED> (1,406,517)
<SHARES-REINVESTED> 37,669
<NET-CHANGE-IN-ASSETS> 141,735,136
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 799,203
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,177,643
<AVERAGE-NET-ASSETS> 119,308,358
<PER-SHARE-NAV-BEGIN> 18.00
<PER-SHARE-NII> 0.15
<PER-SHARE-GAIN-APPREC> 6.68
<PER-SHARE-DIVIDEND> (0.15)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 24.68
<EXPENSE-RATIO> 1.11
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMMERCE
FUNDS ANNUAL REPORT DATED OCTOBER 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> THE AGGRESSIVE GROWTH FUND
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> DEC-12-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 35,856,816
<INVESTMENTS-AT-VALUE> 41,848,441
<RECEIVABLES> 1,092,180
<ASSETS-OTHER> 53,481
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 42,994,102
<PAYABLE-FOR-SECURITIES> 1,124,800
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 204,616
<TOTAL-LIABILITIES> 1,329,416
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34,408,088
<SHARES-COMMON-STOCK> 1,647,083
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,264,973
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,991,625
<NET-ASSETS> 41,664,686
<DIVIDEND-INCOME> 148,009
<INTEREST-INCOME> 80,099
<OTHER-INCOME> 0
<EXPENSES-NET> (292,590)
<NET-INVESTMENT-INCOME> (64,482)
<REALIZED-GAINS-CURRENT> 1,264,973
<APPREC-INCREASE-CURRENT> 5,991,625
<NET-CHANGE-FROM-OPS> 7,192,116
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,805,561
<NUMBER-OF-SHARES-REDEEMED> (158,478)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 41,664,686
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 166,159
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 292,590
<AVERAGE-NET-ASSETS> 24,805,276
<PER-SHARE-NAV-BEGIN> 18.00
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 7.34
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 25.30
<EXPENSE-RATIO> 1.32
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMMERCE
FUNDS ANNUAL REPORT DATED OCTOBER 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 6
<NAME> THE INTERNATIONAL EQUITY FUND
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> DEC-12-1994
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 20,414,540
<INVESTMENTS-AT-VALUE> 20,803,384
<RECEIVABLES> 326,319
<ASSETS-OTHER> 114,214
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 21,243,917
<PAYABLE-FOR-SECURITIES> 129,499
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 100,646
<TOTAL-LIABILITIES> 230,145
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,493,670
<SHARES-COMMON-STOCK> 1,127,182
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 64,814
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 66,067
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 389,221
<NET-ASSETS> 21,013,772
<DIVIDEND-INCOME> 196,344
<INTEREST-INCOME> 98,700
<OTHER-INCOME> 0
<EXPENSES-NET> (186,170)
<NET-INVESTMENT-INCOME> 108,874
<REALIZED-GAINS-CURRENT> 29,839
<APPREC-INCREASE-CURRENT> 389,221
<NET-CHANGE-FROM-OPS> 527,934
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,832)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,301,494
<NUMBER-OF-SHARES-REDEEMED> (174,747)
<SHARES-REINVESTED> 435
<NET-CHANGE-IN-ASSETS> 21,013,772
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 154,287
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 360,416
<AVERAGE-NET-ASSETS> 11,516,297
<PER-SHARE-NAV-BEGIN> 18.00
<PER-SHARE-NII> 0.12
<PER-SHARE-GAIN-APPREC> 0.55
<PER-SHARE-DIVIDEND> (0.03)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.64
<EXPENSE-RATIO> 1.81
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMMERCE
FUNDS ANNUAL REPORT DATED OCTOBER 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 7
<NAME> THE NATIONAL TAX-FREE BOND FUND
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> FEB-21-1995
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 9,895,266
<INVESTMENTS-AT-VALUE> 10,096,870
<RECEIVABLES> 628,974
<ASSETS-OTHER> 59,750
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 10,785,594
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 64,275
<TOTAL-LIABILITIES> 64,275
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10,514,161
<SHARES-COMMON-STOCK> 578,220
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,554
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 201,604
<NET-ASSETS> 10,721,319
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 242,328
<OTHER-INCOME> 0
<EXPENSES-NET> (40,868)
<NET-INVESTMENT-INCOME> 201,460
<REALIZED-GAINS-CURRENT> 5,554
<APPREC-INCREASE-CURRENT> 201,604
<NET-CHANGE-FROM-OPS> 408,618
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (201,460)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 607,436
<NUMBER-OF-SHARES-REDEEMED> (29,679)
<SHARES-REINVESTED> 463
<NET-CHANGE-IN-ASSETS> 10,721,319
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 24,040
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 91,152
<AVERAGE-NET-ASSETS> 6,936,468
<PER-SHARE-NAV-BEGIN> 18.00
<PER-SHARE-NII> 0.54
<PER-SHARE-GAIN-APPREC> 0.54
<PER-SHARE-DIVIDEND> (0.54)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.54
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMMERCE
FUNDS ANNUAL REPORT DATED OCTOBER 31, 1995 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 8
<NAME> THE MISSOURI TAX-FREE BOND FUND
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-START> FEB-21-1995
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 8,513,037
<INVESTMENTS-AT-VALUE> 8,636,606
<RECEIVABLES> 248,996
<ASSETS-OTHER> 59,048
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,944,650
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 55,512
<TOTAL-LIABILITIES> 55,512
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,770,716
<SHARES-COMMON-STOCK> 483,038
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,147)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 123,569
<NET-ASSETS> 8,889,138
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 196,710
<OTHER-INCOME> 0
<EXPENSES-NET> (25,249)
<NET-INVESTMENT-INCOME> 171,461
<REALIZED-GAINS-CURRENT> (5,147)
<APPREC-INCREASE-CURRENT> 123,569
<NET-CHANGE-FROM-OPS> 289,883
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (171,461)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 514,879
<NUMBER-OF-SHARES-REDEEMED> (32,774)
<SHARES-REINVESTED> 933
<NET-CHANGE-IN-ASSETS> 8,889,138
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 19,423
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 82,449
<AVERAGE-NET-ASSETS> 5,604,252
<PER-SHARE-NAV-BEGIN> 18.00
<PER-SHARE-NII> 0.57
<PER-SHARE-GAIN-APPREC> 0.40
<PER-SHARE-DIVIDEND> (0.57)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.40
<EXPENSE-RATIO> 0.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
