<PAGE> PAGE 1
000 B000000 09/30/99
000 C000000 0000936888
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 THE UNIFIED FUNDS
001 B000000 811-8968
001 C000000 8004084682
002 A000000 431 N. PENNSYLVANIA ST
002 B000000 INDIANAPOLIS
002 C000000 IN
002 D010000 46204
002 D020000 1873
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 11
007 C010100 1
007 C020100 THE STARWOOD STRATEGIC FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C020600 THE FIRST LEXINGTON BALANCED FUND
007 C030600 N
007 C010700 7
007 C020700 THE TAXABLE MONEY MARKET FUND
007 C030700 N
007 C010800 8
007 C010900 9
007 C020900 THE SELECT 30 INDEX FUND
007 C030900 N
007 C011000 10
007 C021000 THE SELECT 500 INDEX FUND
007 C031000 N
007 C011100 11
007 C021100 THE SELECT 2000 INDEX FUND
007 C031100 N
007 C011200 12
007 C021200 THE SELECT INTERNATIONAL EQUITY INDEX FUND
007 C031200 N
007 C011300 13
007 C021300 THE SELECT REIT INDEX FUND
<PAGE> PAGE 2
007 C031300 N
007 C011400 14
007 C021400 THE SELECT BOND INDEX FUND
007 C031400 N
007 C011500 15
007 C021500 THE SELECT INTERNET FUND
007 C031500 N
007 C011600 16
007 C021600 THE SELECT MONEY MARKET FUND
007 C031600 N
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 UNIFIED FUND SERVICES, INC.
010 B00AA01 84-00142
010 C01AA01 INDIANAPOLIS
010 C02AA01 IN
010 C03AA01 46204
011 A00AA01 UNIFIED MANAGEMENT CORPORATION
011 B00AA01 8-23508
011 C01AA01 INDIANAPOLIS
011 C02AA01 IN
011 C03AA01 46204
012 A00AA01 UNIFIED FUND SERVICES, INC.
012 B00AA01 84-00142
012 C01AA01 INDIANAPOLIS
012 C02AA01 IN
012 C03AA01 46204
013 A00AA01 MCCURDY & ASSOCIATES CPA'S INC.
013 B01AA01 WESTLAKE
013 B02AA01 OH
013 B03AA01 44145
014 A00AA01 UNIFIED MANAGEMENT CORPORATION
014 B00AA01 8-23508
015 A00AA01 FIRSTAR BANK N.A.
015 B00AA01 C
015 C01AA01 CINCINNATI
015 C02AA01 OH
015 C03AA01 45201
015 E01AA01 X
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<PAGE> PAGE 3
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022 C000001 1606652
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022 C000002 45000
022 D000002 0
022 A000003 FEDERAL HOME LOAN MORTGAGE
022 C000003 18000
022 D000003 0
022 A000004 LUCENT TECHNOLOGIES
022 C000004 9000
022 D000004 0
022 A000005 GMAC
022 C000005 6000
022 D000005 0
022 A000006 COCA COLA
022 C000006 6000
022 D000006 0
022 A000007 FORD MOTOR CREDIT
022 C000007 6000
022 D000007 0
022 A000008 NATURAL RURAL UTILITIES
022 C000008 5000
022 D000008 0
022 A000009 AT&T
022 C000009 4000
022 D000009 0
022 A000010 BELL SOUTH TELECOMMUNICATIONS
022 C000010 4000
022 D000010 0
023 C000000 1723020
023 D000000 3123
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
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025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
<PAGE> PAGE 4
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
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030 B00AA00 0.00
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031 A00AA00 0
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032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
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 Y
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 N
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
077 A000000 Y
077 B000000 Y
077 C000000 N
<PAGE> PAGE 5
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
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078 000000 N
080 A00AA00 CHUBB & CO
080 C00AA00 1000
081 A00AA00 N
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082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
008 A000101 UNIFIED INVESTMENT ADVISERS, INC.
008 B000101 A
008 C000101 801-48493
008 D010101 INDIANAPOLIS
008 D020101 IN
008 D030101 46204
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<PAGE> PAGE 6
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<PAGE> PAGE 7
048 J020100 0.000
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048 K020100 0.000
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062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
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
<PAGE> PAGE 8
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 Y
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 1169
071 B000100 1091
071 C000100 1218
071 D000100 90
072 A000100 12
072 B000100 4
072 C000100 9
072 D000100 0
072 E000100 0
072 F000100 17
072 G000100 0
072 H000100 0
072 I000100 2
072 J000100 0
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072 R000100 0
072 S000100 0
072 T000100 1
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072 X000100 20
072 Y000100 0
072 Z000100 -8
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<PAGE> PAGE 9
072DD010100 0
072DD020100 0
072EE000100 195
073 A010100 0.0000
073 A020100 0.0000
073 B000100 1.5200
073 C000100 0.0000
074 A000100 2
074 B000100 194
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074 F000100 1289
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074 V020100 0.00
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075 B000100 1315
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008 A000601 UNIFIED INVESTMENT ADVISERS, INC.
008 B000601 A
008 C000601 801-48493
008 D010601 INDIANAPOLIS
008 D020601 IN
008 D030601 46204
008 A000602 HEALTH FINANCIAL, INC.
008 B000602 S
008 C000602 801-29028
008 D010602 LEXINGTON
008 D020602 KY
<PAGE> PAGE 10
008 D030602 40502
028 A010600 47
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028 A040600 75
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028 D040600 74
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028 F020600 25
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028 F040600 1312
028 G010600 680
028 G020600 161
028 G030600 0
028 G040600 1898
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037 000600 N
038 000600 0
039 000600 N
040 000600 Y
041 000600 Y
042 A000600 0
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042 C000600 100
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 6
044 000600 1
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.750
048 A010600 0
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<PAGE> PAGE 11
048 B010600 0
048 B020600 0.000
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048 C020600 0.000
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048 H020600 0.000
048 I010600 0
048 I020600 0.000
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048 J020600 0.000
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062 P000600 0.0
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066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 N
066 E000600 Y
066 F000600 N
066 G000600 N
067 000600 Y
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
<PAGE> PAGE 12
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
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071 B000600 3223
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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008 A000701 UNIFIED INVESTMENT ADVISERS, INC.
008 B000701 A
008 C000701 801-48493
008 D010701 INDIANAPOLIS
008 D020701 IN
008 D030701 46204
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<PAGE> PAGE 15
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<PAGE> PAGE 16
064 A000700 N
064 B000700 N
066 A000700 N
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070 A010700 Y
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070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
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070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
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070 K020700 N
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070 L020700 N
070 M010700 N
070 M020700 N
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070 N020700 N
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070 O020700 N
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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008 A000901 UNIFIED INVESTMENT ADVISERS, INC.
008 B000901 A
008 C000901 801-48493
008 D010901 INDIANAPOLIS
008 D020901 IN
008 D030901 46204
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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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008 A001001 UNIFIED INVESTMENT ADVISERS, INC.
008 B001001 A
008 C001001 801-48493
008 D011001 INDIANAPOLIS
008 D021001 IN
008 D031001 46204
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<PAGE> PAGE 23
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<PAGE> PAGE 24
066 C001000 N
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066 E001000 N
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067 001000 N
068 A001000 N
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070 A021000 N
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070 C021000 N
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070 E021000 N
070 F011000 Y
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070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 Y
070 Q021000 N
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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008 A001101 UNIFIED INVESTMENT ADVISERS, INC.
008 B001101 A
008 C001101 801-48493
008 D011101 INDIANAPOLIS
008 D021101 IN
008 D031101 46204
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<PAGE> PAGE 27
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<PAGE> PAGE 28
066 B001100 N
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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008 A001201 UNIFIED INVESTMENT ADVISERS INC.
008 B001201 A
008 C001201 801-48493
008 D011201 INDIANAPOLIS
008 D021201 IN
008 D031201 46204
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<PAGE> PAGE 31
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<PAGE> PAGE 32
066 A001200 Y
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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008 A001301 UNIFIED INVESTMENT ADVISERS
008 B001301 A
008 C001301 801-48493
008 D011301 INDIANAPOLIS
008 D021301 IN
008 D031301 46204
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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008 A001401 UNIFIED INVESTMENT ADVISERS INC.
008 B001401 A
008 C001401 801-48493
008 D011401 INDIANAPOLIS
008 D021401 IN
008 D031401 46204
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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SIGNATURE CAROL J. HIGHSMITH
TITLE SECRETARY
Board of Trustees
The Unified Funds:
In planning and performing our audit of the financial statements of The Unified
Funds for the year ended September 30, 1999, we considered its internal control
structure, including procedures for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-SAR, not
to provide assurance on the internal control structure.
The management of The Unified Funds is responsible for establishing and
maintaining an internal control structure. In fulfilling this responsibility,
estimates and judgments by management are required to assess the expected
benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and transactions
are executed in accordance with management's authorization and recorded properly
to permit preparation of financial statements in conformity with generally
accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and may not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities that we consider to be material weaknesses as defined above as of
September 30, 1999.
<PAGE>
Board of Trustees
The Unified Funds
Page 2
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
/s/
McCurdy & Associates CPA's, Inc.
Westlake, Ohio
October 19, 1999
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<PERIOD-TYPE> Year
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-1-1998
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 7500
<INVESTMENTS-AT-VALUE> 7453
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1897
<TOTAL-ASSETS> 9350
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2
<TOTAL-LIABILITIES> 2
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9395
<SHARES-COMMON-STOCK> 926
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (47)
<NET-ASSETS> 9348
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 9
<NET-INVESTMENT-INCOME> (9)
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> (47)
<NET-CHANGE-FROM-OPS> (56)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 952
<NUMBER-OF-SHARES-REDEEMED> 26
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 9348
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 9
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9
<AVERAGE-NET-ASSETS> 6804
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 0.11
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.10
<EXPENSE-RATIO> 0.37
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> Select International Equity Index Fund
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-1-1998
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 5000
<INVESTMENTS-AT-VALUE> 4929
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1823
<TOTAL-ASSETS> 6752
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6823
<SHARES-COMMON-STOCK> 682
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (71)
<NET-ASSETS> 6752
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> (71)
<NET-CHANGE-FROM-OPS> (71)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 932
<NUMBER-OF-SHARES-REDEEMED> 250
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 6752
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 4186
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> (0.10)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.90
<EXPENSE-RATIO> 0.02
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> Select REIT Index Fund
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-1-1998
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 1000
<TOTAL-ASSETS> 1000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1000
<SHARES-COMMON-STOCK> 100
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1000
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 300
<NUMBER-OF-SHARES-REDEEMED> 200
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1000
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 1287
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.00
<EXPENSE-RATIO> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 14
<NAME> Select Bond Index Fund
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-1-1998
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 0.00
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 15
<NAME> Select Internet Fund
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-1-1998
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 1730372
<INVESTMENTS-AT-VALUE> 1613384
<RECEIVABLES> 213
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 106082
<TOTAL-ASSETS> 1719679
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 438
<TOTAL-LIABILITIES> 438
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1855560
<SHARES-COMMON-STOCK> 186796
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (19331)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (116988)
<NET-ASSETS> 1719241
<DIVIDEND-INCOME> 445
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 1881
<NET-INVESTMENT-INCOME> (1436)
<REALIZED-GAINS-CURRENT> (19331)
<APPREC-INCREASE-CURRENT> (116988)
<NET-CHANGE-FROM-OPS> (137755)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 205296
<NUMBER-OF-SHARES-REDEEMED> 18500
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1719241
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1881
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1881
<AVERAGE-NET-ASSETS> 1131621
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> (0.79)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.20
<EXPENSE-RATIO> 0.35
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 16
<NAME> Select Money Market Fund
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> SEP-30-1999
<PERIOD-START> OCT-1-1998
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 0
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 32000
<NUMBER-OF-SHARES-REDEEMED> 32000
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 0.00
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0.00
</TABLE>
