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<PAGE> PAGE 15
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<PAGE> PAGE 22
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SIGNATURE KENNETH D. GASKINS, ESQ.
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM THE KIEWIT MUTUAL FUND ANNUAL REPORT FOR THE
MONEY MARKET PORTFOLIO DATED JUNE 30, 1995 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO THE ANNUAL REPORT DATED JUNE
30, 1995.
</LEGEND>
<CIK> 927413
<NAME> KIEWIT MUTUAL FUND
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<NUMBER> 1
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THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM THE KIEWIT MUTUAL FUND ANNUAL REPORT FOR THE
SHORT-TERM GOVERNMENT PORTFOLIO DATED JUNE 30, 1995 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO THE ANNUAL REPORT
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EXTRACTED FROM THE KIEWIT MUTUAL FUND ANNUAL REPORT FOR THE
INTERMEDIATE-TERM BOND PORTFOLIO DATED JUNE 30, 1995 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO THE ANNUAL REPORT
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<CIK> 927413
<NAME> KIEWIT MUTUAL FUND
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<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
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TAX-EXEMPT PORTFOLIO DATED JUNE 30, 1995 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO THE ANNUAL REPORT DATED JUNE
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<CIK> 927413
<NAME> KIEWIT MUTUAL FUND
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<NUMBER> 4
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM THE KIEWIT MUTUAL FUND ANNUAL REPORT FOR THE
EQUITY PORTFOLIO DATED JUNE 30, 1995 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO THE ANNUAL REPORT DATED JUNE 30,
1995.
</LEGEND>
<CIK> 927413
<NAME> KIEWIT MUTUAL FUND
<SERIES>
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