SEFTON FUNDS
NSAR-A, 1998-08-25
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<PAGE>      PAGE  1
000 A000000 06/30/98
000 C000000 0000935742
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 SEFTON FUNDS TRUST
001 B000000 811-8948
001 C000000 6144708000
002 A000000 3435 STELZER RD
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  4
007 C010100  1
007 C020100 U.S. GOVERNMENT FUND
007 C030100 N
007 C010200  2
007 C020200 CALIFORNIA TAX FREE FUND
007 C030200 N
007 C010300  3
007 C020300 EQUITY VALUE FUND
007 C030300 N
007 C010400  4
007 C020400 SMALL COMPANY VALUE FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 SEFTON CAPITAL MANAGEMENT,INC.
008 B00AA01 A
008 C00AA01 801-0000
008 D01AA01 SAN DIEGO
008 D02AA01 CA
008 D03AA01 92103
010 A00AA01 BISYS FUND SERVICES, LIMITED PARTNERSHIP
010 B00AA01 8-32480
010 C01AA01 COLUMBUS
010 C02AA01 OH
010 C03AA01 43219
<PAGE>      PAGE  2
011 A00AA01 BISYS FUND SERVICES, LIMITED PARTNERSHIP
011 B00AA01 8-0000
011 C01AA01 COLUMBUS
011 C02AA01 OH
011 C03AA01 43219
012 A00AA01 BISYS FUND SERVICES, LIMITED PARTNERSHIP
012 B00AA01 84-0000
012 C01AA01 COLUMBUS
012 C02AA01 OH
012 C03AA01 43219
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 CHICAGO
013 B02AA01 IL
013 B03AA01 60601
015 A00AA01 UNION BANK OF CALIFORNIA
015 B00AA01 C
015 C01AA01 SAN FRANCISCO
015 C02AA01 CA
015 C03AA01 94111
015 E01AA01 X
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020 A000001 BEAR STEARNS
020 B000001 13-3299429
020 C000001     26
020 A000002 MERRILL LYNCH
020 B000002 13-5674085
020 C000002     22
020 A000003 FIRST BOSTON
020 B000003 13-5659485
020 C000003     17
020 A000004 CANTOR FITZGERALD
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
083 A00AA00 N
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 Y
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070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
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070 I020100 N
070 J010100 Y
070 J020100 N
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<PAGE>      PAGE  8
070 P020100 N
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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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063 B000200 12.7
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068 B000200 N
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070 A020200 N
070 B010200 N
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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
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070 J010200 Y
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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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<PAGE>      PAGE  19
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067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 Y
070 C010400 N
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
<PAGE>      PAGE  20
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
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072 X000400      288
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072 Z000400      152
072AA000400     1472
072BB000400        0
072CC010400        0
072CC020400     1214
072DD010400      153
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072EE000400        0
073 A010400   0.0600
073 A020400   0.0000
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<PAGE>      PAGE  21
074 D000400        0
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074 R040400       37
074 S000400        0
074 T000400    37519
074 U010400     2901
074 U020400        0
074 V010400    12.93
074 V020400     0.00
074 W000400   0.0000
074 X000400       45
074 Y000400        0
075 A000400        0
075 B000400    33566
076  000400     0.00
SIGNATURE   CORY GOSSARD                                 
TITLE       SUPERVISOR          
 


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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000935742
<NAME> SEFTON FUNDS TRUST
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   <NAME> EQUITY VALUE FUND
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000935742
<NAME> SEFTON FUNDS TRUST
<SERIES>
   <NUMBER> 040
   <NAME> SMALL COMPANY VALUE FUND
       
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