<PAGE> PAGE 1
000 A000000 06/30/96
000 C000000 0000932100
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 PRAIRIE INSTITUTIONAL FUNDS
001 B000000 811-7235
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 3
007 C010100 1
007 C020100 CASH MANAGEMENT FUND
007 C030100 N
007 C010200 2
007 C020200 U.S. GOVERNMENT SECURITIES CASH MANAGEMENT FD
007 C030200 N
007 C010300 3
007 C020300 TREASURY PRIME CASH MANAGEMENT FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 FIRST CHICAGO INVESTMENT MANAGEMENT COMPANY
008 B00AA01 A
008 C00AA01 801-47947
008 D01AA01 CHICAGO
008 D02AA01 IL
008 D03AA01 60670
010 A00AA01 FIRST CHICAGO INVESTMENT MANAGEMENT COMPANY
010 B00AA01 801-47947
010 C01AA01 CHICAGO
010 C02AA01 IL
010 C03AA01 60670
011 A00AA01 CONCORD FINANCIAL GROUP, INC.
011 B00AA01 8-37601
<PAGE> PAGE 2
011 C01AA01 COLUMBUS
011 C02AA01 OH
011 C03AA01 43219
012 A00AA01 PRIMARY FUND SERVICES CORP.
012 B00AA01 84-74528
012 C01AA01 FRANKLIN
012 C02AA01 MA
012 C03AA01 02038
013 A00AA01 ARTHUR ANDERSEN LLP
013 B01AA01 DETROIT
013 B02AA01 MI
013 B03AA01 48226
014 A00AA01 FIRST NBD INVESTMENT SERVICES, INC.
014 B00AA01 8-0000
015 A00AA01 THE BANK OF NEW YORK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10286
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 4
019 C00AA00 PRAIRIEINS
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 DRESDNER BANK AG
022 C000001 8217612
022 D000001 27392
022 A000002 LEHMAN BROTHERS HOLDINGS
022 C000002 3974333
022 D000002 25410
022 A000003 NATIONAL WESTMINSTER BANK USA
022 C000003 3985788
022 D000003 0
022 A000004 SANWA BANK LIMITED
022 C000004 3849033
022 D000004 0
022 A000005 DAIWA BANK, LIMITED
022 C000005 2389246
022 D000005 0
022 A000006 BARCLAYS DE ZOETE WEDD SECURITIES, INC.
<PAGE> PAGE 3
022 C000006 1880882
022 D000006 35095
022 A000007 GOLDMAN, SACHS & CO.
022 C000007 1428437
022 D000007 111620
022 A000008 MORGAN STANLEY & CO., INC.
022 C000008 716720
022 D000008 24897
022 A000009 FIRST CHICAGO CORP.
022 C000009 629896
022 D000009 0
022 A000010 C.S. FIRST BOSTON CORP.
022 C000010 517560
022 D000010 0
023 C000000 27589507
023 D000000 224414
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 N
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
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
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
<PAGE> PAGE 4
044 00AA00 0
045 00AA00 Y
046 00AA00 N
047 00AA00 Y
048 00AA00 0.200
048 A01AA00 0
048 A02AA00 0.000
048 B01AA00 0
048 B02AA00 0.000
048 C01AA00 0
048 C02AA00 0.000
048 D01AA00 0
048 D02AA00 0.000
048 E01AA00 0
048 E02AA00 0.000
048 F01AA00 0
048 F02AA00 0.000
048 G01AA00 0
048 G02AA00 0.000
048 H01AA00 0
048 H02AA00 0.000
048 I01AA00 0
048 I02AA00 0.000
048 J01AA00 0
048 J02AA00 0.000
048 K01AA00 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 N
053 C00AA00 N
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
<PAGE> PAGE 5
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000000
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 Y
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
024 000100 N
028 A010100 164463
028 A020100 0
028 A030100 0
028 A040100 167402
028 B010100 158717
028 B020100 193
028 B030100 0
028 B040100 181705
028 C010100 151702
028 C020100 176
028 C030100 0
028 C040100 138889
028 D010100 192510
028 D020100 182
<PAGE> PAGE 6
028 D030100 0
028 D040100 228881
028 E010100 217379
028 E020100 171
028 E030100 0
028 E040100 153962
028 F010100 299924
028 F020100 189
028 F030100 0
028 F040100 312979
028 G010100 1184695
028 G020100 911
028 G030100 0
028 G040100 1183818
028 H000100 0
062 A000100 Y
062 B000100 0.0
062 C000100 1.1
062 D000100 24.9
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 74.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
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 40
063 B000100 0.0
064 A000100 N
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 N
<PAGE> PAGE 7
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 N
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
070 P010100 N
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 6
072 B000100 13263
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 487
072 G000100 365
072 H000100 0
072 I000100 118
072 J000100 101
072 K000100 0
072 L000100 0
072 M000100 9
072 N000100 22
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 38
072 S000100 0
072 T000100 0
<PAGE> PAGE 8
072 U000100 16
072 V000100 0
072 W000100 37
072 X000100 1193
072 Y000100 222
072 Z000100 12292
072AA000100 0
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 10003
072DD020100 2289
072EE000100 0
073 A010100 0.0253
073 A020100 0.0241
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 127719
074 C000100 387004
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 202713
074 K000100 0
074 L000100 22202
074 M000100 146
074 N000100 739785
074 O000100 194638
074 P000100 116
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 32367
074 S000100 0
074 T000100 512664
074 U010100 403332
074 U020100 109533
074 V010100 1.00
074 V020100 1.00
074 W000100 0.9996
074 X000100 15
074 Y000100 0
075 A000100 489769
075 B000100 0
076 000100 0.00
024 000200 N
<PAGE> PAGE 9
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 338721
028 A020200 0
028 A030200 0
028 A040200 329122
028 B010200 285642
028 B020200 135
028 B030200 0
028 B040200 315790
028 C010200 308692
028 C020200 111
028 C030200 0
028 C040200 272376
028 D010200 286050
028 D020200 78
028 D030200 0
028 D040200 287793
028 E010200 323305
028 E020200 79
028 E030200 0
028 E040200 405918
028 F010200 216733
028 F020200 83
028 F030200 0
028 F040200 230716
028 G010200 1759143
028 G020200 486
028 G030200 0
028 G040200 1841715
028 H000200 0
062 A000200 Y
062 B000200 4.1
062 C000200 92.1
062 D000200 3.8
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 0.0
062 N000200 0.0
<PAGE> PAGE 10
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 53
063 B000200 0.0
064 A000200 N
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 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 N
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 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 0
<PAGE> PAGE 11
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 14001
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 523
072 G000200 392
072 H000200 0
072 I000200 116
072 J000200 120
072 K000200 0
072 L000200 0
072 M000200 8
072 N000200 7
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 34
072 S000200 0
072 T000200 0
072 U000200 15
072 V000200 0
072 W000200 44
072 X000200 1259
072 Y000200 228
072 Z000200 12971
072AA000200 9
072BB000200 0
072CC010200 0
072CC020200 0
072DD010200 10781
072DD020200 2190
072EE000200 0
073 A010200 0.0249
073 A020200 0.0236
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 17851
074 C000200 447518
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 25338
074 K000200 0
074 L000200 17457
<PAGE> PAGE 12
074 M000200 114
074 N000200 508278
074 O000200 25128
074 P000200 100
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 19733
074 S000200 0
074 T000200 463317
074 U010200 361061
074 U020200 102772
074 V010200 1.00
074 V020200 1.00
074 W000200 0.9989
074 X000200 11
074 Y000200 0
075 A000200 525849
075 B000200 0
076 000200 0.00
024 000300 N
025 D000301 0
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 79214
028 A020300 0
028 A030300 0
028 A040300 50373
028 B010300 38272
028 B020300 23
028 B030300 0
028 B040300 68551
028 C010300 293546
028 C020300 24
028 C030300 0
028 C040300 300923
028 D010300 181134
028 D020300 74
028 D030300 0
028 D040300 69189
028 E010300 85629
028 E020300 69
028 E030300 0
028 E040300 138120
028 F010300 103057
<PAGE> PAGE 13
028 F020300 70
028 F030300 0
028 F040300 117632
028 G010300 780852
028 G020300 260
028 G030300 0
028 G040300 744788
028 H000300 0
062 A000300 Y
062 B000300 100.0
062 C000300 0.0
062 D000300 0.0
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 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 44
063 B000300 0.0
064 A000300 N
064 B000300 N
066 A000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 N
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
<PAGE> PAGE 14
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 N
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 0
071 B000300 0
071 C000300 0
071 D000300 0
072 A000300 6
072 B000300 4486
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 176
072 G000300 132
072 H000300 0
072 I000300 190
072 J000300 38
072 K000300 0
072 L000300 0
072 M000300 3
072 N000300 23
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 14
072 S000300 0
072 T000300 0
072 U000300 12
072 V000300 0
072 W000300 13
072 X000300 601
072 Y000300 101
072 Z000300 3988
072AA000300 0
<PAGE> PAGE 15
072BB000300 11
072CC010300 0
072CC020300 0
072DD010300 571
072DD020300 3417
072EE000300 0
073 A010300 0.0236
073 A020300 0.0224
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 181543
074 D000300 0
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 5547
074 K000300 0
074 L000300 11546
074 M000300 130
074 N000300 198767
074 O000300 0
074 P000300 24
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 17863
074 S000300 0
074 T000300 180880
074 U010300 45607
074 U020300 135286
074 V010300 1.00
074 V020300 1.00
074 W000300 1.0000
074 X000300 8
074 Y000300 0
075 A000300 187221
075 B000300 0
076 000300 0.00
SIGNATURE WENDY SWONGER
TITLE SUPERVISOR
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000932100
<NAME> PRAIRIE INSTITUTIONAL FUNDS
<SERIES>
<NUMBER> 011
<NAME> CASH MANAGEMENT FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 514722717
<INVESTMENTS-AT-VALUE> 514722717
<RECEIVABLES> 224915451
<ASSETS-OTHER> 146424
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 739784592
<PAYABLE-FOR-SECURITIES> 194637907
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 32483048
<TOTAL-LIABILITIES> 227120955
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 512865536
<SHARES-COMMON-STOCK> 403332257<F1>
<SHARES-COMMON-PRIOR> 389280704<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 201899
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 512663637
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13262569
<OTHER-INCOME> 0
<EXPENSES-NET> 970082
<NET-INVESTMENT-INCOME> 12292455
<REALIZED-GAINS-CURRENT> (32)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 12292455
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10003203<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 819168677<F1>
<NUMBER-OF-SHARES-REDEEMED> 806027426<F1>
<SHARES-REINVESTED> 910302<F1>
<NET-CHANGE-IN-ASSETS> 1786781
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 201867
<GROSS-ADVISORY-FEES> 487093
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1193122
<AVERAGE-NET-ASSETS> 394935196<F1>
<PER-SHARE-NAV-BEGIN> 1.000<F1>
<PER-SHARE-NII> 0.025<F1>
<PER-SHARE-GAIN-APPREC> 0.000<F1>
<PER-SHARE-DIVIDEND> 0.025<F1>
<PER-SHARE-DISTRIBUTIONS> 0.000<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 1.000<F1>
<EXPENSE-RATIO> 0.35<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000932100
<NAME> PRAIRIE INSTITUTIONAL FUNDS
<SERIES>
<NUMBER> 012
<NAME> CASH MANAGEMENT FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 514722717
<INVESTMENTS-AT-VALUE> 514722717
<RECEIVABLES> 224915451
<ASSETS-OTHER> 146424
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 739784592
<PAYABLE-FOR-SECURITIES> 194637907
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 32483048
<TOTAL-LIABILITIES> 227120955
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 512865536
<SHARES-COMMON-STOCK> 109533279<F1>
<SHARES-COMMON-PRIOR> 121798020<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 201899
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 512663637
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 13262569
<OTHER-INCOME> 0
<EXPENSES-NET> 970082
<NET-INVESTMENT-INCOME> 12292455
<REALIZED-GAINS-CURRENT> (32)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 12292455
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2289284<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 365525875<F1>
<NUMBER-OF-SHARES-REDEEMED> 377790882<F1>
<SHARES-REINVESTED> 267<F1>
<NET-CHANGE-IN-ASSETS> 1786781
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 201867
<GROSS-ADVISORY-FEES> 487093
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1193122
<AVERAGE-NET-ASSETS> 152783470<F1>
<PER-SHARE-NAV-BEGIN> 1.000<F1>
<PER-SHARE-NII> 0.024<F1>
<PER-SHARE-GAIN-APPREC> 0.000<F1>
<PER-SHARE-DIVIDEND> 0.024<F1>
<PER-SHARE-DISTRIBUTIONS> 0.000<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 1.000<F1>
<EXPENSE-RATIO> 0.60<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000932100
<NAME> PRAIRIE INSTITUTIONAL FUNDS
<SERIES>
<NUMBER> 021
<NAME> U.S. GOVERNMENT SECURITIES CASH MANAGEMENT FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-31-1996
<INVESTMENTS-AT-COST> 465369403
INVESTMENTS-AT-VALUE> 465369403
<RECEIVABLES> 42794759
<ASSETS-OTHER> 114190
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 508278352
<PAYABLE-FOR-SECURITIES> 25127742
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 19833779
<TOTAL-LIABILITIES> 44961521
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 463832716
<SHARES-COMMON-STOCK> 361060849<F1>
<SHARES-COMMON-PRIOR> 489865389<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 515885
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 463316831
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 14000551
<OTHER-INCOME> 0
<EXPENSES-NET> 1029155
<NET-INVESTMENT-INCOME> 12971396
<REALIZED-GAINS-CURRENT> 8700
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 12980096
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10781360<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 1427489889<F1>
<NUMBER-OF-SHARES-REDEEMED> 1556779945<F1>
<SHARES-REINVESTED> 485516<F1>
<NET-CHANGE-IN-ASSETS> (82077615)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 524585
<GROSS-ADVISORY-FEES> 522975
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1258933
<AVERAGE-NET-ASSETS> 432827842<F1>
<PER-SHARE-NAV-BEGIN> 0.999<F1>
<PER-SHARE-NII> 0.025<F1>
<PER-SHARE-GAIN-APPREC> 0.000<F1>
<PER-SHARE-DIVIDEND> 0.025<F1>
<PER-SHARE-DISTRIBUTIONS> 0.000<F1>
<RETURNS-OF-CAPITAL> 0.000<F1>
<PER-SHARE-NAV-END> 0.999<F1>
<EXPENSE-RATIO> 0.35<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000932100
<NAME> PRAIRIE INSTITUTIONAL FUNDS
<SERIES>
<NUMBER> 022
<NAME> U.S. GOVERNMENT SECURITIES CASH MANAGEMENT FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-31-1996
<INVESTMENTS-AT-COST> 465369403
INVESTMENTS-AT-VALUE> 465369403
<RECEIVABLES> 42794759
<ASSETS-OTHER> 114190
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 508278352
<PAYABLE-FOR-SECURITIES> 25127742
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 19833779
<TOTAL-LIABILITIES> 44961521
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 463832716
<SHARES-COMMON-STOCK> 102771867<F1>
<SHARES-COMMON-PRIOR> 56053643<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 515885
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 463316831
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 14000551
<OTHER-INCOME> 0
<EXPENSES-NET> 1029155
<NET-INVESTMENT-INCOME> 12971396
<REALIZED-GAINS-CURRENT> 8700
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 12980096
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2190036<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 331652614<F1>
<NUMBER-OF-SHARES-REDEEMED> 284934650<F1>
<SHARES-REINVESTED> 261<F1>
<NET-CHANGE-IN-ASSETS> (82077615)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 524585
<GROSS-ADVISORY-FEES> 522975
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1258933
<AVERAGE-NET-ASSETS> 93020856<F1>
<PER-SHARE-NAV-BEGIN> 0.999<F1>
<PER-SHARE-NII> 0.024<F1>
<PER-SHARE-GAIN-APPREC> 0.000<F1>
<PER-SHARE-DIVIDEND> 0.024<F1>
<PER-SHARE-DISTRIBUTIONS> 0.000<F1>
<RETURNS-OF-CAPITAL> 0.000<F1>
<PER-SHARE-NAV-END> 0.999<F1>
<EXPENSE-RATIO> 0.60<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000932100
<NAME> PRAIRIE INSTITUTIONAL FUNDS
<SERIES>
<NUMBER> 031
<NAME> TREASURY PRIME CASH MANAGMENT FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 181543008
<INVESTMENTS-AT-VALUE> 181543008
<RECEIVABLES> 17093434
<ASSETS-OTHER> 130233
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 198766675
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 17886247
<TOTAL-LIABILITIES> 17886247
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 180893454
<SHARES-COMMON-STOCK> 45607469<F1>
<SHARES-COMMON-PRIOR> 14008529<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 13026
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 180880428
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4486465
<OTHER-INCOME> 0
<EXPENSES-NET> 497972
<NET-INVESTMENT-INCOME> 3988493
<REALIZED-GAINS-CURRENT> (11026)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3977467
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 571381<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 149119545<F1>
<NUMBER-OF-SHARES-REDEEMED> 117780094<F1>
<SHARES-REINVESTED> 259489<F1>
<NET-CHANGE-IN-ASSETS> 36312849
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 2000
<GROSS-ADVISORY-FEES> 176021
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 600589
<AVERAGE-NET-ASSETS> 24204665<F1>
<PER-SHARE-NAV-BEGIN> 1.00<F1>
<PER-SHARE-NII> .024<F1>
<PER-SHARE-GAIN-APPREC> 0<F1>
<PER-SHARE-DIVIDEND> .024<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 1.00<F1>
<EXPENSE-RATIO> .35<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>INSTITUTIONAL CLASS SHARES
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000932100
<NAME> PRAIRIE INSTITUTIONAL FUNDS
<SERIES>
<NUMBER> 032
<NAME> TREASURY PRIME CASH MANAGMENT FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-1-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 181543008
<INVESTMENTS-AT-VALUE> 181543008
<RECEIVABLES> 17093434
<ASSETS-OTHER> 130233
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 198766675
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 17886247
<TOTAL-LIABILITIES> 17886247
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 180712561
<SHARES-COMMON-STOCK> 135285985<F1>
<SHARES-COMMON-PRIOR> 130561050<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 13026
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 45604185
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4486465
<OTHER-INCOME> 0
<EXPENSES-NET> 497972
<NET-INVESTMENT-INCOME> 3988493
<REALIZED-GAINS-CURRENT> (11026)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3977467
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3417112<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0<F1>
<NUMBER-OF-SHARES-SOLD> 631732545<F1>
<NUMBER-OF-SHARES-REDEEMED> 627007854<F1>
<SHARES-REINVESTED> 244<F1>
<NET-CHANGE-IN-ASSETS> 180295578
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 176021
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 598740
<AVERAGE-NET-ASSETS> 152783470<F1>
<PER-SHARE-NAV-BEGIN> 1.00<F1>
<PER-SHARE-NII> .022<F1>
<PER-SHARE-GAIN-APPREC> 0<F1>
<PER-SHARE-DIVIDEND> .022<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0<F1>
<PER-SHARE-NAV-END> 1.00<F1>
<EXPENSE-RATIO> .60<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>SERVICE CLASS SHARES
</FN>
</TABLE>
