<PAGE> PAGE 1
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<PAGE> PAGE 2
011 C03AA01 10019
012 A00AA01 PRIMARY FUNDS SERVICE CORPORATION
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012 C01AA01 FRANKLIN
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013 A00AA01 ERNST & YOUNG LLP
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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056 000200 N
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<PAGE> PAGE 6
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<PAGE> PAGE 7
070 N020200 N
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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
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SIGNATURE MARTIN DEAN
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
semi-annual report dated June 30, 1995 and is qualified in its entirety
by reference to such financial statement[s].
</LEGEND>
<CIK> 0000932100
<NAME> Prairie Institutional U.S. Government Securities
Cash Management Fund
<SERIES>
<NUMBER> 101
<NAME> Institutional Shares
<MULTIPLIER> 1
<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
semi-annual report dated June 30, 1995 and is qualified in its entirety by
reference to such financial statement[s].
</LEGEND>
<CIK> 0000932100
<NAME> Prairie Institutional U.S. Government Securities
Cash Management Fund
<SERIES>
<NUMBER> 102
<NAME> Service Shares
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<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
semi-annual report dated June 30, 1995 and is qualified in its entirety by
reference to such financial statement[s].
</LEGEND>
<CIK> 0000932100
<NAME> Prairie Institutional Treasury Prime
Cash Management Fund
<SERIES>
<NUMBER> 101
<NAME> Institutional Shares
<MULTIPLIER> 1
<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
semi-annual report dated June 30, 1995 and is qualified in its entirety by
reference to such financial statement[s].
</LEGEND>
<CIK> 0000932100
<NAME> Prairie Institutional Treasury Prime
Cash Management Fund
<SERIES>
<NUMBER> 102
<NAME> Service Shares
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 4-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> MAR-22-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 16,076,860
<INVESTMENTS-AT-VALUE> 16,076,860
<RECEIVABLES> 33,002
<ASSETS-OTHER> 201,673
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 16,311,535
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 104,831
<TOTAL-LIABILITIES> 104,831
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,078,906
<SHARES-COMMON-STOCK> 1,078,906
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 275,910
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (315)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 16,206,704
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 294,729
<OTHER-INCOME> 0
<EXPENSES-NET> 18,819
<NET-INVESTMENT-INCOME> 275,910
<REALIZED-GAINS-CURRENT> (315)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 275,595
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10,734
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,339,531
<NUMBER-OF-SHARES-REDEEMED> 3,273,741
<SHARES-REINVESTED> 615
<NET-CHANGE-IN-ASSETS> 16,169,205
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 10,448
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 67,161
<AVERAGE-NET-ASSETS> 771,242
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.014
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.014)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.60
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
