<PAGE> PAGE 1
000 B000000 06/30/96
000 C000000 927413
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 KIEWIT MUTUAL FUND
001 B000000 811-8648
001 C000000 3026518280
002 A000000 RODNEY SQUARE NORTH, 1100 N. MARKET ST.
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19890
002 D020000 0001
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 5
007 C010100 1
007 C020100 MONEY MARKET PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 SHORT-TERM GOVERNMENT PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 INTERMEDIATE-TERM BOND PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 TAX-EXEMPT PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 EQUITY PORTFOLIO
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 KIEWIT INVESTMENT MANAGEMENT CORP.
008 B00AA01 A
008 C00AA01 801-46794
008 D01AA01 OMAHA
008 D02AA01 NE
008 D03AA01 68131
008 D04AA01 3374
010 A00AA01 RODNEY SQUARE MANAGEMENT CORPORATION
<PAGE> PAGE 2
010 B00AA01 801-22071
010 C01AA01 WILMINGTON
010 C02AA01 DE
010 C03AA01 19890
010 C04AA01 0001
010 A00AA02 TREASURY STRATEGIES, INC.
010 C01AA02 CHICAGO
010 C02AA02 IL
010 C03AA02 60606
011 A00AA01 RODNEY SQUARE DISTRIBUTORS, INC.
011 B00AA01 8-37006
011 C01AA01 WILMINGTON
011 C02AA01 DE
011 C03AA01 19890
011 C04AA01 0001
012 A00AA01 RODNEY SQUARE MANAGEMENT CORPORATION
012 B00AA01 85-00761
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19890
012 C04AA01 0001
013 A00AA01 PRICE WATERHOUSE LLP
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
015 A00AA01 WILMINGTON TRUST COMPANY
015 B00AA01 C
015 C01AA01 WILMINGTON
015 C02AA01 DE
015 C03AA01 19890
015 C04AA01 0001
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 A000001 SMITH BARNEY INC.
020 B000001 13-1912900
020 C000001 22
020 A000002 DEAN WITTER REYNOLDS INC.
020 B000002 94-1671384
020 C000002 16
020 A000003 UBS SECURITIES INC
020 B000003 13-2932996
020 C000003 15
020 A000004 OPPENHEIMER & CO., INC.
020 B000004 13-2798343
020 C000004 9
020 A000005 DONALDSON, LUFKIN & JENRETTE SEC. CORP.
020 B000005 13-2741729
020 C000005 7
020 A000006 EMERALD RESEARCH
<PAGE> PAGE 3
020 B000006 23-2650313
020 C000006 7
020 A000007 DAIN BOSWORTH INC.
020 B000007 41-0212020
020 C000007 3
020 A000008 MORGAN STANLEY & CO., INC.
020 B000008 13-2655998
020 C000008 1
020 A000009 LEWIS MICAUD & ASSOCIATES
020 C000009 1
020 A000010 LEWCO SECURITIES CORP.
020 B000010 13-2765944
020 C000010 1
021 000000 82
022 A000001 PAINEWEBBER INC.
022 B000001 13-2638166
022 C000001 12701126
022 D000001 0
022 A000002 CS FIRST BOSTON GROUP, INC.
022 B000002 13-5659485
022 C000002 7333826
022 D000002 0
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000003 13-5674085
022 C000003 1506037
022 D000003 8457
022 A000004 GOLDMAN, SACHS & CO.
022 B000004 13-5108880
022 C000004 314905
022 D000004 0
022 A000005 FORD MOTOR CREDIT CORP.
022 C000005 147137
022 D000005 0
022 A000006 GRIFFIN, KUBIK, STEPHENS & THOMPSON INC.
022 B000006 36-3083014
022 C000006 62319
022 D000006 52867
022 A000007 RAYMOND JAMES & ASSOCIATES, INC.
022 B000007 59-1237041
022 C000007 55024
022 D000007 47617
022 A000008 GENERAL ELECTRIC CAPITAL CORP.
022 C000008 94664
022 D000008 0
022 A000009 BEAR, STEARNS & CO., INC.
022 B000009 13-3299429
022 C000009 40536
022 D000009 38985
022 A000010 MCDONALD & COMPANY SECURITIES, INC.
022 B000010 34-0642435
022 C000010 46519
<PAGE> PAGE 4
022 D000010 23616
023 C000000 22605981
023 D000000 283757
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
<PAGE> PAGE 5
054 J00AA00 Y
054 K00AA00 Y
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 Y
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 10000
077 A000000 Y
077 B000000 Y
077 Q010000 Y
078 000000 N
080 C00AA00 1500
081 B00AA00 0
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
024 000100 Y
025 A000101 C.S. FIRST BOSTON GROUP, INC.
025 B000101 13-5659485
025 C000101 D
025 D000101 17908
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 244373
028 A020100 2165
028 A030100 0
028 A040100 231563
028 B010100 157439
028 B020100 2399
028 B030100 0
028 B040100 223253
028 C010100 116176
028 C020100 1555
<PAGE> PAGE 6
028 C030100 0
028 C040100 165763
028 D010100 141239
028 D020100 2061
028 D030100 0
028 D040100 176580
028 E010100 174532
028 E020100 1682
028 E030100 0
028 E040100 164130
028 F010100 196495
028 F020100 1766
028 F030100 0
028 F040100 225618
028 G010100 1030254
028 G020100 11628
028 G030100 0
028 G040100 1186907
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.200
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
062 A000100 Y
062 B000100 0.0
062 C000100 1.0
062 D000100 7.1
062 E000100 0.0
062 F000100 0.0
<PAGE> PAGE 7
062 G000100 0.0
062 H000100 0.0
062 I000100 92.8
062 J000100 0.0
062 K000100 0.0
062 L000100 0.5
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 41
063 B000100 0.0
064 A000100 Y
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
<PAGE> PAGE 8
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 12
072 B000100 23933
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 546
072 G000100 50
072 H000100 0
072 I000100 21
072 J000100 59
072 K000100 0
072 L000100 0
072 M000100 5
072 N000100 32
072 O000100 0
072 P000100 0
072 Q000100 78
072 R000100 15
072 S000100 11
072 T000100 0
072 U000100 7
072 V000100 0
072 W000100 20
072 X000100 844
072 Y000100 0
072 Z000100 23089
072AA000100 0
072BB000100 1
072CC010100 0
072CC020100 0
072DD010100 23089
072DD020100 0
072EE000100 0
073 A010100 0.0547
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 27796
074 C000100 367717
074 D000100 0
<PAGE> PAGE 9
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 47
074 M000100 24
074 N000100 395584
074 O000100 3998
074 P000100 27
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 1592
074 S000100 0
074 T000100 389967
074 U010100 389968
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 0.9999
074 X000100 94
074 Y000100 0
075 A000100 421995
075 B000100 0
076 000100 0.00
024 000200 N
028 A010200 0
028 A020200 816
028 A030200 0
028 A040200 2905
028 B010200 10190
028 B020200 804
028 B030200 0
028 B040200 2662
028 C010200 20000
028 C020200 754
028 C030200 0
028 C040200 2051
028 D010200 10000
028 D020200 859
028 D030200 0
028 D040200 1500
028 E010200 10
028 E020200 913
028 E030200 0
028 E040200 6405
028 F010200 94
<PAGE> PAGE 10
028 F020200 917
028 F030200 0
028 F040200 0
028 G010200 40294
028 G020200 5063
028 G030200 0
028 G040200 15523
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.300
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.8
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 46.2
062 N000200 51.8
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
<PAGE> PAGE 11
062 R000200 0.0
063 A000200 0
063 B000200 1.4
064 A000200 Y
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 97333
071 B000200 64092
071 C000200 111420
071 D000200 58
072 A000200 12
<PAGE> PAGE 12
072 B000200 10429
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 273
072 G000200 50
072 H000200 0
072 I000200 21
072 J000200 23
072 K000200 0
072 L000200 0
072 M000200 5
072 N000200 30
072 O000200 0
072 P000200 0
072 Q000200 55
072 R000200 15
072 S000200 5
072 T000200 0
072 U000200 7
072 V000200 0
072 W000200 8
072 X000200 492
072 Y000200 0
072 Z000200 9937
072AA000200 325
072BB000200 0
072CC010200 0
072CC020200 2132
072DD010200 9937
072DD020200 0
072EE000200 0
073 A010200 0.1227
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 1
074 B000200 1365
074 C000200 0
074 D000200 179717
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 3145
074 M000200 22
074 N000200 184250
074 O000200 0
<PAGE> PAGE 13
074 P000200 8
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 926
074 S000200 0
074 T000200 183316
074 U010200 91457
074 U020200 0
074 V010200 2.00
074 V020200 0.00
074 W000200 0.0000
074 X000200 20
074 Y000200 0
075 A000200 0
075 B000200 164057
076 000200 0.00
024 000300 N
028 A010300 1946
028 A020300 676
028 A030300 0
028 A040300 557
028 B010300 1901
028 B020300 680
028 B030300 0
028 B040300 590
028 C010300 413
028 C020300 642
028 C030300 0
028 C040300 72
028 D010300 386
028 D020300 683
028 D030300 0
028 D040300 265
028 E010300 65
028 E020300 663
028 E030300 0
028 E040300 399
028 F010300 683
028 F020300 672
028 F030300 0
028 F040300 6370
028 G010300 5394
028 G020300 4016
028 G030300 0
028 G040300 8253
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
<PAGE> PAGE 14
048 000300 0.400
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 1.2
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.8
062 N000300 6.0
062 O000300 0.0
062 P000300 81.2
062 Q000300 9.2
062 R000300 0.0
063 A000300 0
063 B000300 6.9
064 A000300 Y
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
<PAGE> PAGE 15
070 A020300 Y
070 B010300 N
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 110205
071 B000300 96145
071 C000300 111723
071 D000300 86
072 A000300 12
072 B000300 8589
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 413
072 G000300 50
072 H000300 0
072 I000300 21
072 J000300 21
072 K000300 0
072 L000300 0
<PAGE> PAGE 16
072 M000300 5
072 N000300 28
072 O000300 0
072 P000300 0
072 Q000300 51
072 R000300 15
072 S000300 3
072 T000300 0
072 U000300 7
072 V000300 0
072 W000300 11
072 X000300 625
072 Y000300 0
072 Z000300 7964
072AA000300 245
072BB000300 0
072CC010300 0
072CC020300 2953
072DD010300 7964
072DD020300 0
072EE000300 0
073 A010300 0.1307
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 1
074 B000300 1519
074 C000300 0
074 D000300 119460
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 106
074 K000300 0
074 L000300 2539
074 M000300 22
074 N000300 123647
074 O000300 0
074 P000300 21
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 674
074 S000300 0
074 T000300 122952
074 U010300 61177
074 U020300 0
074 V010300 2.01
<PAGE> PAGE 17
074 V020300 0.00
074 W000300 0.0000
074 X000300 20
074 Y000300 0
075 A000300 0
075 B000300 124956
076 000300 0.00
024 000400 N
028 A010400 30
028 A020400 534
028 A030400 0
028 A040400 0
028 B010400 500
028 B020400 539
028 B030400 0
028 B040400 0
028 C010400 0
028 C020400 506
028 C030400 0
028 C040400 0
028 D010400 0
028 D020400 532
028 D030400 0
028 D040400 0
028 E010400 30
028 E020400 514
028 E030400 0
028 E040400 0
028 F010400 273
028 F020400 530
028 F030400 0
028 F040400 492
028 G010400 833
028 G020400 3155
028 G030400 0
028 G040400 492
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.400
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
<PAGE> PAGE 18
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 2.5
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 99.2
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 5.2
064 A000400 Y
064 B000400 N
066 A000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 N
070 F020400 N
<PAGE> PAGE 19
070 G010400 Y
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 139235
071 B000400 132780
071 C000400 131974
071 D000400 101
072 A000400 12
072 B000400 6991
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 506
072 G000400 50
072 H000400 0
072 I000400 21
072 J000400 16
072 K000400 0
072 L000400 0
072 M000400 5
072 N000400 11
072 O000400 0
072 P000400 0
072 Q000400 53
072 R000400 15
072 S000400 5
072 T000400 0
072 U000400 7
072 V000400 0
072 W000400 15
<PAGE> PAGE 20
072 X000400 704
072 Y000400 0
072 Z000400 6287
072AA000400 1129
072BB000400 0
072CC010400 0
072CC020400 1088
072DD010400 6287
072DD020400 0
072EE000400 0
073 A010400 0.0913
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 144626
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 2325
074 M000400 23
074 N000400 146974
074 O000400 4465
074 P000400 38
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 286
074 S000400 0
074 T000400 142185
074 U010400 70381
074 U020400 0
074 V010400 2.02
074 V020400 0.00
074 W000400 0.0000
074 X000400 3
074 Y000400 0
075 A000400 0
075 B000400 140779
076 000400 0.00
024 000500 N
028 A010500 5776
028 A020500 0
028 A030500 0
<PAGE> PAGE 21
028 A040500 51
028 B010500 3952
028 B020500 0
028 B030500 0
028 B040500 1585
028 C010500 1302
028 C020500 0
028 C030500 0
028 C040500 51
028 D010500 993
028 D020500 0
028 D030500 0
028 D040500 115
028 E010500 401
028 E020500 0
028 E030500 0
028 E040500 119
028 F010500 826
028 F020500 0
028 F030500 0
028 F040500 201
028 G010500 13250
028 G020500 0
028 G030500 0
028 G040500 2122
028 H000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.700
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
<PAGE> PAGE 22
048 K020500 0.000
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
066 A000500 Y
066 B000500 N
066 C000500 Y
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 Y
070 C010500 N
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
070 I010500 N
070 I020500 N
070 J010500 Y
<PAGE> PAGE 23
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 44164
071 B000500 7093
071 C000500 41839
071 D000500 17
072 A000500 12
072 B000500 507
072 C000500 578
072 D000500 0
072 E000500 0
072 F000500 228
072 G000500 50
072 H000500 0
072 I000500 21
072 J000500 16
072 K000500 0
072 L000500 0
072 M000500 5
072 N000500 24
072 O000500 0
072 P000500 0
072 Q000500 45
072 R000500 15
072 S000500 1
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 0
072 X000500 405
072 Y000500 0
072 Z000500 680
072AA000500 175
072BB000500 0
072CC010500 7557
072CC020500 0
<PAGE> PAGE 24
072DD010500 486
072DD020500 0
072EE000500 0
073 A010500 0.1500
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 1
074 B000500 5226
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 61295
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 74
074 M000500 0
074 N000500 66596
074 O000500 292
074 P000500 20
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 105
074 R040500 42
074 S000500 0
074 T000500 66137
074 U010500 3990
074 U020500 0
074 V010500 16.58
074 V020500 0.00
074 W000500 0.0000
074 X000500 34
074 Y000500 0
075 A000500 0
075 B000500 50664
076 000500 0.00
SIGNATURE KENNETH D. GASKINS, ESQ.
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000927413
<NAME> KIEWIT MUTUAL FUND
<SERIES>
<NUMBER> 1
<NAME> MONEY MARKET PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 395513
<INVESTMENTS-AT-VALUE> 395513
<RECEIVABLES> 47
<ASSETS-OTHER> 24
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 395584
<PAYABLE-FOR-SECURITIES> 3998
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1619
<TOTAL-LIABILITIES> 5617
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 386069
<SHARES-COMMON-STOCK> 3900
<SHARES-COMMON-PRIOR> 3807
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 389967
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 23933
<OTHER-INCOME> 0
<EXPENSES-NET> 844
<NET-INVESTMENT-INCOME> 23089
<REALIZED-GAINS-CURRENT> (1)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 23088
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 23089
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2492778
<NUMBER-OF-SHARES-REDEEMED> 2505823
<SHARES-REINVESTED> 22305
<NET-CHANGE-IN-ASSETS> 92593
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 844
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1142
<AVERAGE-NET-ASSETS> 421995
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .05
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .20
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000927413
<NAME> KIEWIT MUTUAL FUND
<SERIES>
<NUMBER> 2
<NAME> SHORT-TERM GOVERNMENT PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 181420
<INVESTMENTS-AT-VALUE> 181082
<RECEIVABLES> 3145
<ASSETS-OTHER> 23
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 184250
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 934
<TOTAL-LIABILITIES> 934
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 182841
<SHARES-COMMON-STOCK> 915
<SHARES-COMMON-PRIOR> 656
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (102)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (338)
<NET-ASSETS> 183316
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10426
<OTHER-INCOME> 0
<EXPENSES-NET> 492
<NET-INVESTMENT-INCOME> 9937
<REALIZED-GAINS-CURRENT> 325
<APPREC-INCREASE-CURRENT> (2132)
<NET-CHANGE-FROM-OPS> 8130
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 9937
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 39450
<NUMBER-OF-SHARES-REDEEMED> 4747
<SHARES-REINVESTED> 18301
<NET-CHANGE-IN-ASSETS> 50488
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (427)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 492
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 712
<AVERAGE-NET-ASSETS> 164057
<PER-SHARE-NAV-BEGIN> 2.03
<PER-SHARE-NII> .12
<PER-SHARE-GAIN-APPREC> (.03)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.12)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 2.00
<EXPENSE-RATIO> .30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000927413
<NAME> KIEWIT MUTUAL FUND
<SERIES>
<NUMBER> 3
<NAME> INTERMEDIATE-TERM BOND PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 121875
<INVESTMENTS-AT-VALUE> 120979
<RECEIVABLES> 2645
<ASSETS-OTHER> 23
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 123647
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 695
<TOTAL-LIABILITIES> 695
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 123698
<SHARES-COMMON-STOCK> 612
<SHARES-COMMON-PRIOR> 512
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (463)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (895)
<NET-ASSETS> 122952
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8589
<OTHER-INCOME> 0
<EXPENSES-NET> 625
<NET-INVESTMENT-INCOME> 7964
<REALIZED-GAINS-CURRENT> 245
<APPREC-INCREASE-CURRENT> (2953)
<NET-CHANGE-FROM-OPS> 5256
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7964
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13385
<NUMBER-OF-SHARES-REDEEMED> 7134
<SHARES-REINVESTED> 3726
<NET-CHANGE-IN-ASSETS> 17931
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (707)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 500
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 711
<AVERAGE-NET-ASSETS> 124956
<PER-SHARE-NAV-BEGIN> 2.05
<PER-SHARE-NII> .13
<PER-SHARE-GAIN-APPREC> (.04)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .13
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 2.01
<EXPENSE-RATIO> .50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000927413
<NAME> KIEWIT MUTUAL FUND
<SERIES>
<NUMBER> 4
<NAME> TAX-EXEMPT PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 144619
<INVESTMENTS-AT-VALUE> 144626
<RECEIVABLES> 2325
<ASSETS-OTHER> 23
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 146974
<PAYABLE-FOR-SECURITIES> 4465
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 324
<TOTAL-LIABILITIES> 4789
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 141321
<SHARES-COMMON-STOCK> 704
<SHARES-COMMON-PRIOR> 671
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 153
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7
<NET-ASSETS> 142185
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6991
<OTHER-INCOME> 0
<EXPENSES-NET> 704
<NET-INVESTMENT-INCOME> 6287
<REALIZED-GAINS-CURRENT> 1129
<APPREC-INCREASE-CURRENT> (1088)
<NET-CHANGE-FROM-OPS> 6328
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6287
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 407
<NUMBER-OF-SHARES-REDEEMED> 3075
<SHARES-REINVESTED> 249
<NET-CHANGE-IN-ASSETS> 6667
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (976)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 563
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 761
<AVERAGE-NET-ASSETS> 140779
<PER-SHARE-NAV-BEGIN> 2.02
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .09
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 2.02
<EXPENSE-RATIO> .50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000927413
<NAME> KIEWIT MUTUAL FUND
<SERIES>
<NUMBER> 5
<NAME> EQUITY PORTFOLIO
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 57826
<INVESTMENTS-AT-VALUE> 66521
<RECEIVABLES> 74
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 66595
<PAYABLE-FOR-SECURITIES> 292
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 167
<TOTAL-LIABILITIES> 459
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 56765
<SHARES-COMMON-STOCK> 40
<SHARES-COMMON-PRIOR> 15
<ACCUMULATED-NII-CURRENT> 352
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 142
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8838
<NET-ASSETS> 66137
<DIVIDEND-INCOME> 578
<INTEREST-INCOME> 507
<OTHER-INCOME> 0
<EXPENSES-NET> 405
<NET-INVESTMENT-INCOME> 680
<REALIZED-GAINS-CURRENT> 175
<APPREC-INCREASE-CURRENT> 7557
<NET-CHANGE-FROM-OPS> 8412
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 486
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2617
<NUMBER-OF-SHARES-REDEEMED> 145
<SHARES-REINVESTED> 31
<NET-CHANGE-IN-ASSETS> 45272
<ACCUMULATED-NII-PRIOR> 157
<ACCUMULATED-GAINS-PRIOR> (33)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 355
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 532
<AVERAGE-NET-ASSETS> 50664
<PER-SHARE-NAV-BEGIN> 14.04
<PER-SHARE-NII> .13
<PER-SHARE-GAIN-APPREC> 2.56
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .15
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.58
<EXPENSE-RATIO> .80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
