VINTAGE MUTUAL FUNDS INC
NSAR-A, 1999-11-24
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<PAGE>      PAGE  1
000 A000000 09/30/1999
000 C000000 0000934348
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 VINTAGE MUTUAL FUNDS, INC.
001 B000000 811-8910
001 C000000 5152445426
002 A000000 2203 GRAND AVENUE
002 B000000 DES MOINES
002 C000000 IA
002 D010000 50312
002 D020000 5338
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 10
007 C010100  1
007 C020100 GOVERNMENT ASSETS FUND
007 C030100 N
007 C010200  2
007 C020200 LIQUID ASSETS FUND
007 C030200 N
007 C010300  3
007 C020300 MUNICIPAL ASSETS FUND
007 C030300 N
007 C010400  4
007 C020400 VINTAGE LIMITED TERM BOND FUND
007 C030400 N
007 C010500  5
007 C020500 VINTAGE BOND FUND
007 C030500 N
007 C010600  6
007 C020600 VINTAGE INCOME FUND
007 C030600 N
007 C010700  7
007 C020700 VINTAGE MUNICIPAL BOND FUND
007 C030700 N
007 C010800  8
007 C020800 VINTAGE BALANCED FUND
007 C030800 N
007 C010900  9
007 C020900 VINTAGE EQUITY FUND
007 C030900 N
007 C011000 10
<PAGE>      PAGE  2
007 C021000 VINTAGE AGGRESSIVE GROWTH FUND
007 C031000 N
008 A00AA01 INVESTORS MANAGEMENT GROUP
008 B00AA01 A
008 C00AA01 801-17430
008 D01AA01 DES MOINES
008 D02AA01 IA
008 D03AA01 50312
008 D04AA01 5338
010 A00AA01 INVESTORS MANAGEMENT GROUP
010 C01AA01 DES MOINES
010 C02AA01 IA
010 C03AA01 50312
010 C04AA01 5338
011 A00AA01 BISYS FUND SERVICES LIMITED PARTNERSHIP
011 B00AA01 8-32480
011 C01AA01 COLUMBUS
011 C02AA01 OH
011 C03AA01 43219
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10036
014 A00AA01 AMCORE INVESTMENT SERVICES INC.
014 B00AA01 8-27708
015 A00AA01 BANKERS TRUST COMPANY
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10008
015 E01AA01 X
018  00AA00 Y
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020 A000003 BEAR STEARNS
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020 C000003     56
020 A000004 DONALDSON LUFKIN & JENRETTE
020 B000004 13-2741729
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<PAGE>      PAGE  3
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022 A000003 SBC WARBURG, INC.
022 B000003 13-3498485
022 C000003   1549572
022 D000003         0
022 A000004 MERRILL LYNCH CAPITAL MARKETS
022 B000004 13-5674085
022 C000004   1018511
022 D000004     76073
022 A000005 FIRST CHICAGO
022 B000005 36-3595942
022 C000005    252891
022 D000005     11067
022 A000006 JP MORGAN SECURITIES
022 B000006 13-3224016
022 C000006    210242
022 D000006      3755
022 A000007 PAINE WEBBER
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022 C000007    103812
022 D000007    107424
022 A000008 SMITH BARNEY
022 B000008 13-2919773
022 C000008    167380
022 D000008     22812
022 A000009 DONALDSON, LUFJIN & JENRETTE
022 B000009 13-2741729
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022 D000009     48007
022 A000010 RAYMOND JAMES
<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
052  000100 N
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<PAGE>      PAGE  8
070 I020100 N
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<PAGE>      PAGE  9
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012 A000201 INVESTORS MANAGEMENT GROUP
012 B000201 84-01580
012 C010201 DES MOINES
012 C020201 IA
012 C030201 50312
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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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<PAGE>      PAGE  14
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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  18
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012 A000401 BISYS FUND SERVICES, INC.
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012 C010401 COLUMBUS
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<PAGE>      PAGE  19
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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012 A000701 BISYS FUND SERVICES, INC.
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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012 A000801 BISYS FUND SERVICES, INC.
<PAGE>      PAGE  36
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<PAGE>      PAGE  37
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<PAGE>      PAGE  38
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070 L010800 Y
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070 M020800 N
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<PAGE>      PAGE  39
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<PAGE>      PAGE  40
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076  000800     0.00
012 A000901 BISYS FUND SERVICES, INC.
012 B000901 84-5612
012 C010901 COLUMBUS
012 C020901 OH
012 C030901 43219
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<PAGE>      PAGE  41
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042 F000900   0
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046  000900 N
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050  000900 N
051  000900 N
052  000900 N
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053 B000900 Y
<PAGE>      PAGE  42
055 A000900 N
055 B000900 N
056  000900 Y
057  000900 N
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066 B000900 N
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066 D000900 N
066 E000900 N
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070 C020900 N
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070 F020900 N
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070 G020900 N
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070 H020900 N
<PAGE>      PAGE  43
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070 K010900 Y
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070 M010900 N
070 M020900 N
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070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
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<PAGE>      PAGE  44
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012 A001001 BISYS FUND SERVICES, INC.
012 B001001 84-5612
012 C011001 COLUMBUS
012 C021001 OH
012 C031001 43219
028 A011000      3792
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<PAGE>      PAGE  45
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<PAGE>      PAGE  46
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<PAGE>      PAGE  47
066 F001000 N
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<PAGE>      PAGE  48
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<PAGE>      PAGE  49
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SIGNATURE   MARY DOTTERER
TITLE       COMPLIANCE OFFICER

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>                       6
<CIK>                           0000934348
<NAME>                          Vintage Mutual Funds, Inc.
<SERIES>
   <NUMBER>                     01
   <NAME>                       Government Assets Fund

<S>                             <C>
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<EXPENSE-RATIO>                 0.75
[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>                           0000934348
<NAME>                          Vintage Mutual Funds, Inc.
<SERIES>
   <NUMBER>                     02
   <NAME>                       Liquid Assets Fund

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>               MAR-31-2000
<PERIOD-START>                  APR-01-1999
<PERIOD-END>                    SEP-30-1999
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<SENIOR-EQUITY>                 0
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<EXPENSE-RATIO>                 1.36
[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>                           0000934348
<NAME>                          Vintage Mutual Funds, Inc.
<SERIES>
   <NUMBER>                     03
   <NAME>                       Municipal Assets Fund

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>               MAR-31-2000
<PERIOD-START>                  APR-01-1999
<PERIOD-END>                    SEP-30-1999
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<INVESTMENTS-AT-VALUE>          45694038
<RECEIVABLES>                   371907
<ASSETS-OTHER>                  0
<OTHER-ITEMS-ASSETS>            0
<TOTAL-ASSETS>                  46065945
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<SENIOR-LONG-TERM-DEBT>         0
<OTHER-ITEMS-LIABILITIES>       136663
<TOTAL-LIABILITIES>             2168385
<SENIOR-EQUITY>                 0
<PAID-IN-CAPITAL-COMMON>        43897560
<SHARES-COMMON-STOCK>           43897560
<SHARES-COMMON-PRIOR>           37155396
<ACCUMULATED-NII-CURRENT>       0
<OVERDISTRIBUTION-NII>          0
<ACCUMULATED-NET-GAINS>         0
<OVERDISTRIBUTION-GAINS>        0
<ACCUM-APPREC-OR-DEPREC>        0
<NET-ASSETS>                    43897560
<DIVIDEND-INCOME>               0
<INTEREST-INCOME>               761320
<OTHER-INCOME>                  0
<EXPENSES-NET>                  191236
<NET-INVESTMENT-INCOME>         570084
<REALIZED-GAINS-CURRENT>        0
<APPREC-INCREASE-CURRENT>       0
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<DISTRIBUTIONS-OF-INCOME>       570084
<DISTRIBUTIONS-OF-GAINS>        0
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<NUMBER-OF-SHARES-SOLD>         79421110
<NUMBER-OF-SHARES-REDEEMED>     80783830
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<NET-CHANGE-IN-ASSETS>          (1350632)
<ACCUMULATED-NII-PRIOR>         0
<ACCUMULATED-GAINS-PRIOR>       0
<OVERDISTRIB-NII-PRIOR>         0
<OVERDIST-NET-GAINS-PRIOR>      0
<GROSS-ADVISORY-FEES>           79250
<INTEREST-EXPENSE>              0
<GROSS-EXPENSE>                 193467
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<PER-SHARE-NAV-BEGIN>           1.00
<PER-SHARE-NII>                 .01
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<PER-SHARE-NAV-END>             1.00
<EXPENSE-RATIO>                 1.15
[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>                           0000934348
<NAME>                          Vintage Mutual Funds, Inc.
<SERIES>
   <NUMBER>                     04
   <NAME>                       Vintage Limited Term Bond Fund

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>               MAR-31-2000
<PERIOD-START>                  APR-01-1999
<PERIOD-END>                    SEP-30-1999
<INVESTMENTS-AT-COST>           53235283
<INVESTMENTS-AT-VALUE>          52715698
<RECEIVABLES>                   642601
<ASSETS-OTHER>                  775377
<OTHER-ITEMS-ASSETS>            0
<TOTAL-ASSETS>                  53491075
<PAYABLE-FOR-SECURITIES>        0
<SENIOR-LONG-TERM-DEBT>         0
<OTHER-ITEMS-LIABILITIES>       288388
<TOTAL-LIABILITIES>             288388
<SENIOR-EQUITY>                 0
<PAID-IN-CAPITAL-COMMON>        53980739
<SHARES-COMMON-STOCK>           5405215
<SHARES-COMMON-PRIOR>           5294043
<ACCUMULATED-NII-CURRENT>       373
<OVERDISTRIBUTION-NII>          0
<ACCUMULATED-NET-GAINS>         (258840)
<OVERDISTRIBUTION-GAINS>        0
<ACCUM-APPREC-OR-DEPREC>        (519585)
<NET-ASSETS>                    53202687
<DIVIDEND-INCOME>               0
<INTEREST-INCOME>               1602073
<OTHER-INCOME>                  0
<EXPENSES-NET>                  249129
<NET-INVESTMENT-INCOME>         1352944
<REALIZED-GAINS-CURRENT>        (90260)
<APPREC-INCREASE-CURRENT>       (753845)
<NET-CHANGE-FROM-OPS>           508839
<EQUALIZATION>                  0
<DISTRIBUTIONS-OF-INCOME>       1352572
<DISTRIBUTIONS-OF-GAINS>        0
<DISTRIBUTIONS-OTHER>           0
<NUMBER-OF-SHARES-SOLD>         7476014
<NUMBER-OF-SHARES-REDEEMED>     10260737
<SHARES-REINVESTED>             825928
<NET-CHANGE-IN-ASSETS>          2802528
<ACCUMULATED-NII-PRIOR>         0
<ACCUMULATED-GAINS-PRIOR>       0
<OVERDISTRIB-NII-PRIOR>         0
<OVERDIST-NET-GAINS-PRIOR>      0
<GROSS-ADVISORY-FEES>           135094
<INTEREST-EXPENSE>              0
<GROSS-EXPENSE>                 249129
<AVERAGE-NET-ASSETS>            54431806
<PER-SHARE-NAV-BEGIN>           10.00
<PER-SHARE-NII>                 .25
<PER-SHARE-GAIN-APPREC>         (.16)
<PER-SHARE-DIVIDEND>            .25
<PER-SHARE-DISTRIBUTIONS>       0
<RETURNS-OF-CAPITAL>            0
<PER-SHARE-NAV-END>             9.84
<EXPENSE-RATIO>                 .93
[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>                           0000934348
<NAME>                          Vintage Mutual Funds, Inc.
<SERIES>
   <NUMBER>                     05
   <NAME>                       Vintage Bond Fund

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>               MAR-31-2000
<PERIOD-START>                  APR-01-1999
<PERIOD-END>                    SEP-30-1999
<INVESTMENTS-AT-COST>           28324521
<INVESTMENTS-AT-VALUE>          27807569
<RECEIVABLES>                   387374
<ASSETS-OTHER>                  0
<OTHER-ITEMS-ASSETS>            0
<TOTAL-ASSETS>                  28194943
<PAYABLE-FOR-SECURITIES>        285363
<SENIOR-LONG-TERM-DEBT>         0
<OTHER-ITEMS-LIABILITIES>       155220
<TOTAL-LIABILITIES>             440583
<SENIOR-EQUITY>                 0
<PAID-IN-CAPITAL-COMMON>        28275981
<SHARES-COMMON-STOCK>           2880583
<SHARES-COMMON-PRIOR>           1875361
<ACCUMULATED-NII-CURRENT>       0
<OVERDISTRIBUTION-NII>          0
<ACCUMULATED-NET-GAINS>         (4669)
<OVERDISTRIBUTION-GAINS>        0
<ACCUM-APPREC-OR-DEPREC>        (516952)
<NET-ASSETS>                    27754360
<DIVIDEND-INCOME>               0
<INTEREST-INCOME>               887157
<OTHER-INCOME>                  0
<EXPENSES-NET>                  133386
<NET-INVESTMENT-INCOME>         753771
<REALIZED-GAINS-CURRENT>        297
<APPREC-INCREASE-CURRENT>       (665707)
<NET-CHANGE-FROM-OPS>           88361
<EQUALIZATION>                  0
<DISTRIBUTIONS-OF-INCOME>       753771
<DISTRIBUTIONS-OF-GAINS>        0
<DISTRIBUTIONS-OTHER>           0
<NUMBER-OF-SHARES-SOLD>         8252831
<NUMBER-OF-SHARES-REDEEMED>     2232580
<SHARES-REINVESTED>             416019
<NET-CHANGE-IN-ASSETS>          5770860
<ACCUMULATED-NII-PRIOR>         7495
<ACCUMULATED-GAINS-PRIOR>       31550
<OVERDISTRIB-NII-PRIOR>         0
<OVERDIST-NET-GAINS-PRIOR>      0
<GROSS-ADVISORY-FEES>           71453
<INTEREST-EXPENSE>              0
<GROSS-EXPENSE>                 133386
<AVERAGE-NET-ASSETS>            27691403
<PER-SHARE-NAV-BEGIN>           9.88
<PER-SHARE-NII>                 .30
<PER-SHARE-GAIN-APPREC>         (.25)
<PER-SHARE-DIVIDEND>            .30
<PER-SHARE-DISTRIBUTIONS>       0
<RETURNS-OF-CAPITAL>            0
<PER-SHARE-NAV-END>             9.63
<EXPENSE-RATIO>                 1.03
[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>                           0000934348
<NAME>                          Vintage Mutual Funds, Inc.
<SERIES>
   <NUMBER>                     06
   <NAME>                       Vintage Income Fund

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>               MAR-31-2000
<PERIOD-START>                  APR-01-1999
<PERIOD-END>                    SEP-30-1999
<INVESTMENTS-AT-COST>           105798981
<INVESTMENTS-AT-VALUE>          103461293
<RECEIVABLES>                   1581650
<ASSETS-OTHER>                  0
<OTHER-ITEMS-ASSETS>            0
<TOTAL-ASSETS>                  105042943
<PAYABLE-FOR-SECURITIES>        458076
<SENIOR-LONG-TERM-DEBT>         0
<OTHER-ITEMS-LIABILITIES>       634504
<TOTAL-LIABILITIES>             1092580
<SENIOR-EQUITY>                 0
<PAID-IN-CAPITAL-COMMON>        108232479
<SHARES-COMMON-STOCK>           10687953
<SHARES-COMMON-PRIOR>           10055051
<ACCUMULATED-NII-CURRENT>       (7)
<OVERDISTRIBUTION-NII>          0
<ACCUMULATED-NET-GAINS>         (1944421)
<OVERDISTRIBUTION-GAINS>        0
<ACCUM-APPREC-OR-DEPREC>        (2337688)
<NET-ASSETS>                    103950363
<DIVIDEND-INCOME>               0
<INTEREST-INCOME>               3476928
<OTHER-INCOME>                  0
<EXPENSES-NET>                  515555
<NET-INVESTMENT-INCOME>         2961373
<REALIZED-GAINS-CURRENT>        (158920)
<APPREC-INCREASE-CURRENT>       (2526076)
<NET-CHANGE-FROM-OPS>           276377
<EQUALIZATION>                  0
<DISTRIBUTIONS-OF-INCOME>       2961380
<DISTRIBUTIONS-OF-GAINS>        0
<DISTRIBUTIONS-OTHER>           0
<NUMBER-OF-SHARES-SOLD>         17207157
<NUMBER-OF-SHARES-REDEEMED>     11273253
<SHARES-REINVESTED>             360887
<NET-CHANGE-IN-ASSETS>          3609788
<ACCUMULATED-NII-PRIOR>         0
<ACCUMULATED-GAINS-PRIOR>       0
<OVERDISTRIB-NII-PRIOR>         (99641)
<OVERDIST-NET-GAINS-PRIOR>      0
<GROSS-ADVISORY-FEES>           311854
<INTEREST-EXPENSE>              0
<GROSS-EXPENSE>                 515555
<AVERAGE-NET-ASSETS>            104108742
<PER-SHARE-NAV-BEGIN>           9.98
<PER-SHARE-NII>                 .29
<PER-SHARE-GAIN-APPREC>         (.25)
<PER-SHARE-DIVIDEND>            .29
<PER-SHARE-DISTRIBUTIONS>       0
<RETURNS-OF-CAPITAL>            0
<PER-SHARE-NAV-END>             9.73
<EXPENSE-RATIO>                 1.00
[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>                           0000934348
<NAME>                          Vintage Mutual Funds, Inc.
<SERIES>
   <NUMBER>                     07
   <NAME>                       Vintage Municipal Bond Fund

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>               MAR-31-2000
<PERIOD-START>                  APR-01-1999
<PERIOD-END>                    SEP-30-1999
<INVESTMENTS-AT-COST>           50104175
<INVESTMENTS-AT-VALUE>          50101267
<RECEIVABLES>                   788123
<ASSETS-OTHER>                  0
<OTHER-ITEMS-ASSETS>            0
<TOTAL-ASSETS>                  50889390
<PAYABLE-FOR-SECURITIES>        0
<SENIOR-LONG-TERM-DEBT>         0
<OTHER-ITEMS-LIABILITIES>       228427
<TOTAL-LIABILITIES>             228427
<SENIOR-EQUITY>                 0
<PAID-IN-CAPITAL-COMMON>        50537342
<SHARES-COMMON-STOCK>           4901971
<SHARES-COMMON-PRIOR>           4681005
<ACCUMULATED-NII-CURRENT>       (407)
<OVERDISTRIBUTION-NII>          0
<ACCUMULATED-NET-GAINS>         126936
<OVERDISTRIBUTION-GAINS>        0
<ACCUM-APPREC-OR-DEPREC>        (2908)
<NET-ASSETS>                    50660963
<DIVIDEND-INCOME>               0
<INTEREST-INCOME>               1198078
<OTHER-INCOME>                  0
<EXPENSES-NET>                  233437
<NET-INVESTMENT-INCOME>         964641
<REALIZED-GAINS-CURRENT>        (21856)
<APPREC-INCREASE-CURRENT>       (1585864)
<NET-CHANGE-FROM-OPS>           (643079)
<EQUALIZATION>                  0
<DISTRIBUTIONS-OF-INCOME>       965048
<DISTRIBUTIONS-OF-GAINS>        0
<DISTRIBUTIONS-OTHER>           0
<NUMBER-OF-SHARES-SOLD>         5815536
<NUMBER-OF-SHARES-REDEEMED>     3619683
<SHARES-REINVESTED>             123144
<NET-CHANGE-IN-ASSETS>          710870
<ACCUMULATED-NII-PRIOR>         0
<ACCUMULATED-GAINS-PRIOR>       0
<OVERDISTRIB-NII-PRIOR>         0
<OVERDIST-NET-GAINS-PRIOR>      0
<GROSS-ADVISORY-FEES>           126600
<INTEREST-EXPENSE>              0
<GROSS-EXPENSE>                 233437
<AVERAGE-NET-ASSETS>            51296719
<PER-SHARE-NAV-BEGIN>           10.67
<PER-SHARE-NII>                 .20
<PER-SHARE-GAIN-APPREC>         (.34)
<PER-SHARE-DIVIDEND>            .20
<PER-SHARE-DISTRIBUTIONS>       0
<RETURNS-OF-CAPITAL>            0
<PER-SHARE-NAV-END>             10.33
<EXPENSE-RATIO>                 .93
[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>                           0000934348
<NAME>                          Vintage Mutual Funds, Inc.
<SERIES>
   <NUMBER>                     08
   <NAME>                       Vintage Balanced Fund

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>               MAR-31-2000
<PERIOD-START>                  APR-01-1999
<PERIOD-END>                    APR-30-1999
<INVESTMENTS-AT-COST>           79579508
<INVESTMENTS-AT-VALUE>          88346056
<RECEIVABLES>                   500164
<ASSETS-OTHER>                  0
<OTHER-ITEMS-ASSETS>            0
<TOTAL-ASSETS>                  88846220
<PAYABLE-FOR-SECURITIES>        0
<SENIOR-LONG-TERM-DEBT>         0
<OTHER-ITEMS-LIABILITIES>       851558
<TOTAL-LIABILITIES>             851558
<SENIOR-EQUITY>                 0
<PAID-IN-CAPITAL-COMMON>        70145995
<SHARES-COMMON-STOCK>           5573710
<SHARES-COMMON-PRIOR>           5336766
<ACCUMULATED-NII-CURRENT>       246
<OVERDISTRIBUTION-NII>          0
<ACCUMULATED-NET-GAINS>         9081873
<OVERDISTRIBUTION-GAINS>        0
<ACCUM-APPREC-OR-DEPREC>        8766548
<NET-ASSETS>                    87994662
<DIVIDEND-INCOME>               232406
<INTEREST-INCOME>               1083083
<OTHER-INCOME>                  0
<EXPENSES-NET>                  553063
<NET-INVESTMENT-INCOME>         762426
<REALIZED-GAINS-CURRENT>        6964582
<APPREC-INCREASE-CURRENT>       (8255584)
<NET-CHANGE-FROM-OPS>           (528576)
<EQUALIZATION>                  0
<DISTRIBUTIONS-OF-INCOME>       762180
<DISTRIBUTIONS-OF-GAINS>        0
<DISTRIBUTIONS-OTHER>           0
<NUMBER-OF-SHARES-SOLD>         12527829
<NUMBER-OF-SHARES-REDEEMED>     9313935
<SHARES-REINVESTED>             647408
<NET-CHANGE-IN-ASSETS>          (2570546)
<ACCUMULATED-NII-PRIOR>         0
<ACCUMULATED-GAINS-PRIOR>       0
<OVERDISTRIB-NII-PRIOR>         0
<OVERDIST-NET-GAINS-PRIOR>      0
<GROSS-ADVISORY-FEES>           339507
<INTEREST-EXPENSE>              0
<GROSS-EXPENSE>                 553063
<AVERAGE-NET-ASSETS>            89731255
<PER-SHARE-NAV-BEGIN>           16.01
<PER-SHARE-NII>                 .13
<PER-SHARE-GAIN-APPREC>         (.22)
<PER-SHARE-DIVIDEND>            .13
<PER-SHARE-DISTRIBUTIONS>       0
<RETURNS-OF-CAPITAL>            0
<PER-SHARE-NAV-END>             15.79
<EXPENSE-RATIO>                 1.23
[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>                           0000934348
<NAME>                          Vintage Mutual Funds, Inc.
<SERIES>
   <NUMBER>                     09
   <NAME>                       Vintage Equity Fund

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>               MAR-31-2000
<PERIOD-START>                  APR-01-1999
<PERIOD-END>                    SEP-30-1999
<INVESTMENTS-AT-COST>           350746333
<INVESTMENTS-AT-VALUE>          510031587
<RECEIVABLES>                   9388330
<ASSETS-OTHER>                  0
<OTHER-ITEMS-ASSETS>            0
<TOTAL-ASSETS>                  519419917
<PAYABLE-FOR-SECURITIES>        7818668
<SENIOR-LONG-TERM-DEBT>         0
<OTHER-ITEMS-LIABILITIES>       840931
<TOTAL-LIABILITIES>             8659599
<SENIOR-EQUITY>                 0
<PAID-IN-CAPITAL-COMMON>        262955827
<SHARES-COMMON-STOCK>           22386773
<SHARES-COMMON-PRIOR>           22473325
<ACCUMULATED-NII-CURRENT>       (1440004)
<OVERDISTRIBUTION-NII>          0
<ACCUMULATED-NET-GAINS>         89959241
<OVERDISTRIBUTION-GAINS>        0
<ACCUM-APPREC-OR-DEPREC>        159285254
<NET-ASSETS>                    510760318
<DIVIDEND-INCOME>               2758100
<INTEREST-INCOME>               107353
<OTHER-INCOME>                  0
<EXPENSES-NET>                  3360288
<NET-INVESTMENT-INCOME>         (494835)
<REALIZED-GAINS-CURRENT>        50160516
<APPREC-INCREASE-CURRENT>       (51796945)
<NET-CHANGE-FROM-OPS>           (2131264)
<EQUALIZATION>                  0
<DISTRIBUTIONS-OF-INCOME>       0
<DISTRIBUTIONS-OF-GAINS>        0
<DISTRIBUTIONS-OTHER>           0
<NUMBER-OF-SHARES-SOLD>         66633248
<NUMBER-OF-SHARES-REDEEMED>     87752396
<SHARES-REINVESTED>             0
<NET-CHANGE-IN-ASSETS>          (23250412)
<ACCUMULATED-NII-PRIOR>         0
<ACCUMULATED-GAINS-PRIOR>       0
<OVERDISTRIB-NII-PRIOR>         0
<OVERDIST-NET-GAINS-PRIOR>      0
<GROSS-ADVISORY-FEES>           2039741
<INTEREST-EXPENSE>              0
<GROSS-EXPENSE>                 3360288
<AVERAGE-NET-ASSETS>            529882641
<PER-SHARE-NAV-BEGIN>           22.90
<PER-SHARE-NII>                 (.03)
<PER-SHARE-GAIN-APPREC>         (.08)
<PER-SHARE-DIVIDEND>            0
<PER-SHARE-DISTRIBUTIONS>       0
<RETURNS-OF-CAPITAL>            0
<PER-SHARE-NAV-END>             22.79
<EXPENSE-RATIO>                 1.39
[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>                           0000934348
<NAME>                          Vintage Mutual Funds, Inc.
<SERIES>
   <NUMBER>                     10
   <NAME>                       Vintage Aggressive Growth Fund

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>               MAR-31-2000
<PERIOD-START>                  APR-01-1999
<PERIOD-END>                    SEP-30-1999
<INVESTMENTS-AT-COST>           113460636
<INVESTMENTS-AT-VALUE>          126706185
<RECEIVABLES>                   646294
<ASSETS-OTHER>                  0
<OTHER-ITEMS-ASSETS>            0
<TOTAL-ASSETS>                  127352479
<PAYABLE-FOR-SECURITIES>        732000
<SENIOR-LONG-TERM-DEBT>         0
<OTHER-ITEMS-LIABILITIES>       249587
<TOTAL-LIABILITIES>             981587
<SENIOR-EQUITY>                 0
<PAID-IN-CAPITAL-COMMON>        92045013
<SHARES-COMMON-STOCK>           7150055
<SHARES-COMMON-PRIOR>           6894244
<ACCUMULATED-NII-CURRENT>       (1180435)
<OVERDISTRIBUTION-NII>          0
<ACCUMULATED-NET-GAINS>         22260765
<OVERDISTRIBUTION-GAINS>        0
<ACCUM-APPREC-OR-DEPREC>        13245549
<NET-ASSETS>                    126370892
<DIVIDEND-INCOME>               369878
<INTEREST-INCOME>               62950
<OTHER-INCOME>                  0
<EXPENSES-NET>                  875914
<NET-INVESTMENT-INCOME>         (443086)
<REALIZED-GAINS-CURRENT>        14941559
<APPREC-INCREASE-CURRENT>       (14518423)
<NET-CHANGE-FROM-OPS>           (19950)
<EQUALIZATION>                  0
<DISTRIBUTIONS-OF-INCOME>       0
<DISTRIBUTIONS-OF-GAINS>        0
<DISTRIBUTIONS-OTHER>           0
<NUMBER-OF-SHARES-SOLD>         27065882
<NUMBER-OF-SHARES-REDEEMED>     22227070
<SHARES-REINVESTED>             0
<NET-CHANGE-IN-ASSETS>          4818862
<ACCUMULATED-NII-PRIOR>         0
<ACCUMULATED-GAINS-PRIOR>       0
<OVERDISTRIB-NII-PRIOR>         0
<OVERDIST-NET-GAINS-PRIOR>      0
<GROSS-ADVISORY-FEES>           610056
<INTEREST-EXPENSE>              0
<GROSS-EXPENSE>                 875914
<AVERAGE-NET-ASSETS>            130796022
<PER-SHARE-NAV-BEGIN>           17.63
<PER-SHARE-NII>                 (.06)
<PER-SHARE-GAIN-APPREC>         .10
<PER-SHARE-DIVIDEND>            0
<PER-SHARE-DISTRIBUTIONS>       0
<RETURNS-OF-CAPITAL>            0
<PER-SHARE-NAV-END>             17.67
<EXPENSE-RATIO>                 1.39
[AVG-DEBT-OUTSTANDING]          0
[AVG-DEBT-PER-SHARE]            0


</TABLE>

SUPPLEMENTAL INFORMATION:

     On August  13,  1999,  McGladrey  & Pullen,  LLP  (McGladrey)  resigned  as
     independent   auditors   of  the  Fund   pursuant   to  an   agreement   by
     PricewaterhouseCoopers  LLP (PWC) to acquire McGladrey's investment company
     practice.  The McGladrey partners and professionals serving the Fund at the
     time  of the  acquisition  joined  PWC.  The  report  of  McGladrey  on the
     financial  statements of the Fund during the past fiscal year  contained no
     adverse  opinion or disclaimer of opinion and was not qualified or modified
     as to uncertainty, audit scope or accounting principles. In connection with
     its audit for the most  recent  fiscal year and  through  August 13,  1999,
     there were no  disagreements  with  McGladrey on any matter of  acccounting
     principle or practices,  financial statement disclosure,  or auditing scope
     or procedure,  which disagreements,  if not resolved to the satisfaction of
     McGladrey  would have caused it to make  reference to the subject matter of
     disagreement  in connection  with its report.  On September  29, 1999,  the
     Fund,  with  the  approval  of  its  Audit  Committee,  engaged  PWC as its
     independent auditors.

Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street
Washington, DC 20549

We were  previously the  independent  accountants  for the Vintage Mutual Funds,
Inc. We have read their  notification of change in independent  accountants made
in Item 77K of Form N-SAR. We agree with the statements in the filing.

McGladrey & Pullen, LLP
New York, New York
November 22, 1999


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