FUNDMANAGER PORTFOLIOS
NSAR-B, 1997-12-01
Previous: GENERAL ACCEPTANCE CORP /IN/, 8-K, 1997-12-01
Next: AMWEST ENVIRONMENTAL GROUP INC, NT 10-K, 1997-12-01



<PAGE>      PAGE  1
000 B000000 09/30/97
000 C000000 0000939891
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 FUNDMANAGER PORTFOLIOS
001 B000000 811-8992
001 C000000 4122881432
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  5
007 C010100  1
007 C020100 AGGRESSIVE GROWTH PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 GROWTH PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 GROWTH & INCOME PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 BOND PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 MANAGED TOTAL RETURN PORTFOLIO
007 C030500 N
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 FREEDOM CAPITAL MANAGEMENT CORPORATION
008 B00AA01 A
008 C00AA01 801-42
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10281
010 A00AA01 FEDERATED ADMINISTRATIVE SERVICES
010 C01AA01 PITTSBURGH
<PAGE>      PAGE  2
010 C02AA01 PA
010 C03AA01 15222
010 C04AA01 3779
011 A00AA01 EDGEWOOD SERVICES, INC.
011 B00AA01 8-46985
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15230
011 C04AA01 0897
011 A00AA02 FREEDOM DISTRIBUTORS CORPORATION
011 B00AA02 8-00000
011 C01AA02 BOSTON
011 C02AA02 MA
011 C03AA02 02108
011 A00AA03 TUCKER ANTHONY, INCORPORATED
011 B00AA03 8-00000
011 C01AA03 NEW YORK
011 C02AA03 NY
011 C03AA03 10281
011 A00AA04 SUTRO & CO., INC.
011 B00AA04 8-00000
011 C01AA04 SAN FRANCISCO
011 C02AA04 CA
011 C03AA04 94111
012 A00AA01 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 PITTSBURGH
013 B02AA01 PA
013 B03AA01 15219
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02266
015 C04AA01 8600
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
020 C000006      0
020 C000007      0
<PAGE>      PAGE  3
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        0
022 A000001 INVESTORS BANK & TRUST COMPANY MUTUAL FUNDS
022 C000001     39009
022 D000001     37298
022 A000002 WADDELL & REED, INC.
022 B000002 43-1235675
022 C000002     54025
022 D000002     20007
022 A000003 REPUBLIC BANK
022 B000003 75-0520130
022 C000003     27201
022 D000003     16126
022 A000004 SEI FINANCIAL SERVICES COMPANY
022 C000004     13141
022 D000004     12673
022 A000005 PACIFIC INVESTMENT ADMINISTRATION
022 C000005      1941
022 D000005     14426
022 A000006 IDS FINANCIAL SERVICES, INC.
022 C000006       976
022 D000006     11041
022 A000007 DODGE & COX
022 C000007      1295
022 D000007      7044
022 A000008 BERNSTEIN (SANFORD C.) & CO., INC.
022 B000008 13-2625874
022 C000008       158
022 D000008      8178
022 A000009 FIDELITY MANAGEMENT & RESEARCH
022 C000009       757
022 D000009      7574
022 A000010 UNDERWOOD NEUHAUS & CO., INC.
022 B000010 74-1064172
022 C000010       986
022 D000010      5790
023 C000000     151971
023 D000000     159748
024  00AA00 N
025 D00AA01       0
025 D00AA02       0
025 D00AA03       0
025 D00AA04       0
025 D00AA05       0
025 D00AA06       0
025 D00AA07       0
025 D00AA08       0
026 A000000 N
026 B000000 Y
<PAGE>      PAGE  4
026 C000000 Y
026 D000000 N
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
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
045  00AA00 Y
046  00AA00 N
047  00AA00 Y
048  00AA00  0.000
048 A01AA00   500000
048 A02AA00 0.500
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   500000
048 K02AA00 0.400
049  00AA00 N
<PAGE>      PAGE  5
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 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
056  00AA00 Y
057  00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00     1000
062 A00AA00 N
062 B00AA00   0.0
062 C00AA00   0.0
062 D00AA00   0.0
062 E00AA00   0.0
062 F00AA00   0.0
062 G00AA00   0.0
062 H00AA00   0.0
062 I00AA00   0.0
062 J00AA00   0.0
062 K00AA00   0.0
062 L00AA00   0.0
062 M00AA00   0.0
062 N00AA00   0.0
062 O00AA00   0.0
062 P00AA00   0.0
062 Q00AA00   0.0
062 R00AA00   0.0
063 A00AA00   0
063 B00AA00  0.0
077 A000000 Y
<PAGE>      PAGE  6
077 B000000 Y
077 C000000 N
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
077 Q030000 N
078  000000 N
080 A00AA00 ICI MUTUAL INSURANCE COMPANY
080 B00AA00 THE AETNA CASUALTY AND SURETY COMPANY
080 C00AA00    85000
081 A00AA00 Y
081 B00AA00 270
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
028 A010100      3765
028 A020100      4126
028 A030100         0
028 A040100      4321
028 B010100       548
028 B020100         0
028 B030100         0
028 B040100      1327
028 C010100       646
028 C020100         0
028 C030100         0
028 C040100      3107
028 D010100       301
028 D020100         0
028 D030100         0
028 D040100      2091
028 E010100      1827
028 E020100         0
028 E030100         0
<PAGE>      PAGE  7
028 E040100      3676
028 F010100      1453
028 F020100         0
028 F030100         0
028 F040100      4706
028 G010100      8540
028 G020100      4126
028 G030100         0
028 G040100     19228
028 H000100         0
042 A000100   0
042 B000100   0
042 C000100 100
042 D000100   0
042 E000100   0
042 F000100   0
042 G000100   0
042 H000100   0
043  000100    191
044  000100      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 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
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
<PAGE>      PAGE  8
070 K010100 Y
070 K020100 Y
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100     20252
071 B000100     29796
071 C000100     39710
071 D000100   51
072 A000100 12
072 B000100        0
072 C000100      358
072 D000100        0
072 E000100        0
072 F000100      200
072 G000100       62
072 H000100        0
072 I000100       68
072 J000100       24
072 K000100        0
072 L000100       13
072 M000100        4
072 N000100       23
072 O000100        0
072 P000100        0
072 Q000100       24
072 R000100       16
072 S000100       12
072 T000100      191
072 U000100        0
072 V000100        0
072 W000100        4
072 X000100      641
072 Y000100       11
072 Z000100     -272
072AA000100     3664
072BB000100        0
072CC010100     5134
072CC020100        0
072DD010100      148
<PAGE>      PAGE  9
072DD020100       14
072EE000100     4530
073 A010100   0.0700
073 A020100   0.1500
073 B000100   1.9200
073 C000100   0.0000
074 A000100      500
074 B000100        0
074 C000100        0
074 D000100        0
074 E000100        0
074 F000100    37727
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        0
074 L000100       37
074 M000100        0
074 N000100    38264
074 O000100        0
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      143
074 S000100        0
074 T000100    38121
074 U010100     1963
074 U020100      104
074 V010100    18.44
074 V020100    18.56
074 W000100   0.0000
074 X000100     1048
074 Y000100        0
075 A000100        0
075 B000100    40128
076  000100     0.00
028 A010200       295
028 A020200         0
028 A030200         0
028 A040200       554
028 B010200       438
028 B020200         0
028 B030200         0
028 B040200       899
028 C010200       420
028 C020200         0
028 C030200         0
028 C040200      1801
<PAGE>      PAGE  10
028 D010200       247
028 D020200         0
028 D030200         0
028 D040200       284
028 E010200       374
028 E020200         0
028 E030200         0
028 E040200       403
028 F010200       352
028 F020200        69
028 F030200         0
028 F040200       642
028 G010200      2126
028 G020200        69
028 G030200         0
028 G040200      4583
028 H000200         0
042 A000200   0
042 B000200   0
042 C000200 100
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200    148
044  000200      0
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 N
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
<PAGE>      PAGE  11
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200     29039
071 B000200     30709
071 C000200     30567
071 D000200   95
072 A000200 12
072 B000200        0
072 C000200      581
072 D000200        0
072 E000200        0
072 F000200      154
072 G000200       47
072 H000200        0
072 I000200       58
072 J000200       19
072 K000200        0
072 L000200       10
072 M000200        3
072 N000200       25
072 O000200        0
072 P000200        0
072 Q000200       19
072 R000200       15
072 S000200        9
072 T000200      148
072 U000200        0
072 V000200        0
072 W000200        2
072 X000200      509
<PAGE>      PAGE  12
072 Y000200        8
072 Z000200       80
072AA000200     5912
072BB000200        0
072CC010200     3663
072CC020200        0
072DD010200      511
072DD020200       26
072EE000200     3194
073 A010200   0.3000
073 A020200   0.4100
073 B000200   1.8300
073 C000200   0.0000
074 A000200      319
074 B000200        0
074 C000200        0
074 D000200        0
074 E000200        0
074 F000200        0
074 G000200        0
074 H000200        0
074 I000200    33758
074 J000200        0
074 K000200        0
074 L000200       79
074 M000200        0
074 N000200    34156
074 O000200        0
074 P000200        0
074 Q000200        0
074 R010200        0
074 R020200        0
074 R030200        0
074 R040200       56
074 S000200        0
074 T000200    34100
074 U010200     1844
074 U020200       71
074 V010200    17.81
074 V020200    17.84
074 W000200   0.0000
074 X000200      737
074 Y000200        0
075 A000200        0
075 B000200        0
076  000200     0.00
028 A010300       235
028 A020300       260
028 A030300         0
028 A040300       593
028 B010300       326
<PAGE>      PAGE  13
028 B020300         0
028 B030300         0
028 B040300       557
028 C010300       360
028 C020300         0
028 C030300         0
028 C040300      1702
028 D010300       621
028 D020300        65
028 D030300         0
028 D040300       296
028 E010300       191
028 E020300         0
028 E030300         0
028 E040300       238
028 F010300      1516
028 F020300         0
028 F030300         0
028 F040300        85
028 G010300      3249
028 G020300       325
028 G030300         0
028 G040300      3471
028 H000300         0
042 A000300   0
042 B000300   0
042 C000300 100
042 D000300   0
042 E000300   0
042 F000300   0
042 G000300   0
042 H000300   0
043  000300    163
044  000300      0
066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067  000300 N
068 A000300 N
068 B000300 N
069  000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
<PAGE>      PAGE  14
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
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 Y
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 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300     20527
071 B000300     22863
071 C000300     33651
071 D000300   61
072 A000300 12
072 B000300        0
072 C000300     1038
072 D000300        0
072 E000300        0
072 F000300      167
072 G000300       51
072 H000300        0
072 I000300       61
072 J000300       23
072 K000300        0
072 L000300       10
072 M000300        3
072 N000300       18
072 O000300        0
072 P000300        0
072 Q000300       22
<PAGE>      PAGE  15
072 R000300       16
072 S000300        9
072 T000300      163
072 U000300        0
072 V000300        0
072 W000300        2
072 X000300      546
072 Y000300        9
072 Z000300      501
072AA000300     4246
072BB000300        0
072CC010300     3631
072CC020300        0
072DD010300      694
072DD020300       26
072EE000300     4228
073 A010300   0.4300
073 A020300   0.6800
073 B000300   2.3300
073 C000300   0.0000
074 A000300      332
074 B000300        0
074 C000300        0
074 D000300        0
074 E000300        0
074 F000300        0
074 G000300        0
074 H000300        0
074 I000300    37795
074 J000300        0
074 K000300        0
074 L000300       36
074 M000300        0
074 N000300    38163
074 O000300       21
074 P000300        0
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300       67
074 S000300        0
074 T000300    38075
074 U010300     1965
074 U020300       43
074 V010300    18.97
074 V020300    18.77
074 W000300   0.0000
074 X000300      805
074 Y000300        0
075 A000300        0
<PAGE>      PAGE  16
075 B000300    33395
076  000300     0.00
028 A010400       253
028 A020400       149
028 A030400         0
028 A040400      1498
028 B010400       145
028 B020400       147
028 B030400         0
028 B040400      1212
028 C010400       180
028 C020400       147
028 C030400         0
028 C040400      1413
028 D010400       270
028 D020400       146
028 D030400         0
028 D040400       581
028 E010400       553
028 E020400       145
028 E030400         0
028 E040400       512
028 F010400       479
028 F020400        78
028 F030400         0
028 F040400       447
028 G010400      1880
028 G020400       812
028 G030400         0
028 G040400      5663
028 H000400         0
042 A000400   0
042 B000400   0
042 C000400 100
042 D000400   0
042 E000400   0
042 F000400   0
042 G000400   0
042 H000400   0
043  000400    328
044  000400      0
066 A000400 Y
066 B000400 N
066 C000400 N
066 D000400 N
066 E000400 N
066 F000400 Y
066 G000400 N
067  000400 N
068 A000400 N
068 B000400 N
<PAGE>      PAGE  17
069  000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400     96821
071 B000400    105515
071 C000400     68184
071 D000400  142
072 A000400 12
072 B000400        0
072 C000400     4390
072 D000400        0
072 E000400        0
072 F000400      341
072 G000400      105
072 H000400        0
072 I000400       23
072 J000400       47
<PAGE>      PAGE  18
072 K000400        0
072 L000400       10
072 M000400        5
072 N000400       26
072 O000400        0
072 P000400        0
072 Q000400       24
072 R000400       20
072 S000400       16
072 T000400      328
072 U000400        0
072 V000400        0
072 W000400        5
072 X000400      950
072 Y000400       19
072 Z000400     3459
072AA000400        0
072BB000400        0
072CC010400     1923
072CC020400        0
072DD010400     3534
072DD020400      125
072EE000400        0
073 A010400   0.5400
073 A020400   0.5700
073 B000400   0.0000
073 C000400   0.0000
074 A000400      335
074 B000400        0
074 C000400        0
074 D000400        0
074 E000400        0
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400    65193
074 J000400        0
074 K000400        0
074 L000400      332
074 M000400        0
074 N000400    65860
074 O000400        0
074 P000400        0
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400       82
074 S000400        0
074 T000400    65778
074 U010400     6185
<PAGE>      PAGE  19
074 U020400      214
074 V010400    10.28
074 V020400    10.34
074 W000400   0.0000
074 X000400      238
074 Y000400        0
075 A000400        0
075 B000400    67984
076  000400     0.00
028 A010500       299
028 A020500       646
028 A030500         0
028 A040500       656
028 B010500        80
028 B020500         0
028 B030500         0
028 B040500       422
028 C010500        28
028 C020500         0
028 C030500         0
028 C040500       398
028 D010500        30
028 D020500       568
028 D030500         0
028 D040500        43
028 E010500       110
028 E020500         0
028 E030500         0
028 E040500       173
028 F010500       609
028 F020500         0
028 F030500         0
028 F040500      1755
028 G010500      1156
028 G020500      1214
028 G030500         0
028 G040500      3447
028 H000500         0
042 A000500   0
042 B000500   0
042 C000500 100
042 D000500   0
042 E000500   0
042 F000500   0
042 G000500   0
042 H000500   0
043  000500     58
044  000500      0
066 A000500 Y
066 B000500 N
066 C000500 Y
<PAGE>      PAGE  20
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 N
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500      8349
071 B000500     10957
071 C000500     11437
071 D000500   73
072 A000500 12
072 B000500        0
072 C000500      506
<PAGE>      PAGE  21
072 D000500        0
072 E000500        0
072 F000500       59
072 G000500       18
072 H000500        0
072 I000500       41
072 J000500       17
072 K000500        0
072 L000500        6
072 M000500        2
072 N000500       10
072 O000500        0
072 P000500        0
072 Q000500       17
072 R000500       11
072 S000500        2
072 T000500       58
072 U000500        0
072 V000500        0
072 W000500        4
072 X000500      246
072 Y000500        3
072 Z000500      264
072AA000500      789
072BB000500        0
072CC010500      541
072CC020500        0
072DD010500      385
072DD020500        0
072EE000500      889
073 A010500   0.3200
073 A020500   0.0000
073 B000500   0.9000
073 C000500   0.0000
074 A000500      593
074 B000500        0
074 C000500     1188
074 D000500     9838
074 E000500        0
074 F000500        0
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500        0
074 K000500        0
074 L000500       26
074 M000500        0
074 N000500    11644
074 O000500        0
074 P000500        0
074 Q000500        0
<PAGE>      PAGE  22
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500       38
074 S000500        0
074 T000500    11606
074 U010500      962
074 U020500        0
074 V010500    12.06
074 V020500     0.00
074 W000500   0.0000
074 X000500      463
074 Y000500        0
075 A000500        0
075 B000500    11671
076  000500     0.00
SIGNATURE   S. ELLIOTT COHAN                             
TITLE       ASST. GEN. COUNSEL  
 


<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   012                                            
     <NAME>                     FundManager Portfolios                         
                                Aggressive Growth Portfolio                    
                                Financial Adviser                              
<PERIOD-TYPE>                   12-Mos                                         
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Sep-30-1997                                    
<INVESTMENTS-AT-COST>           28,838,243                                     
<INVESTMENTS-AT-VALUE>          37,726,746                                     
<RECEIVABLES>                   36,880                                         
<ASSETS-OTHER>                  500,128                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  38,263,754                                     
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       142,966                                        
<TOTAL-LIABILITIES>             142,966                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        25,719,089                                     
<SHARES-COMMON-STOCK>           1,963,321                                      
<SHARES-COMMON-PRIOR>           2,318,177                                      
<ACCUMULATED-NII-CURRENT>       9,012                                          
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         3,504,184                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        8,888,503                                      
<NET-ASSETS>                    36,199,660                                     
<DIVIDEND-INCOME>               357,486                                        
<INTEREST-INCOME>               0                                              
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  629,877                                        
<NET-INVESTMENT-INCOME>         (272,391)                                      
<REALIZED-GAINS-CURRENT>        3,664,284                                      
<APPREC-INCREASE-CURRENT>       5,133,734                                      
<NET-CHANGE-FROM-OPS>           8,525,627                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       147,770                                        
<DISTRIBUTIONS-OF-GAINS>        4,353,531                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         535,301                                        
<NUMBER-OF-SHARES-REDEEMED>     1,182,875                                      
<SHARES-REINVESTED>             292,718                                        
<NET-CHANGE-IN-ASSETS>          (2,255,652)                                    
<ACCUMULATED-NII-PRIOR>         100,956                                        
<ACCUMULATED-GAINS-PRIOR>       4,712,160                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           200,484                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 641,094                                        
<AVERAGE-NET-ASSETS>            40,127,980                                     
<PER-SHARE-NAV-BEGIN>           16.800                                         
<PER-SHARE-NII>                 (0.120)                                        
<PER-SHARE-GAIN-APPREC>         3.750                                          
<PER-SHARE-DIVIDEND>            0.070                                          
<PER-SHARE-DISTRIBUTIONS>       1.920                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             18.440                                         
<EXPENSE-RATIO>                 1.59                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   011                                            
     <NAME>                     FundManager Portfolios                         
                                Aggressive Growth Portfolio                    
                                No-Load                                        
<PERIOD-TYPE>                   12-Mos                                         
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Sep-30-1997                                    
<INVESTMENTS-AT-COST>           28,838,243                                     
<INVESTMENTS-AT-VALUE>          37,726,746                                     
<RECEIVABLES>                   36,880                                         
<ASSETS-OTHER>                  500,128                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  38,263,754                                     
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       142,966                                        
<TOTAL-LIABILITIES>             142,966                                        
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        25,719,089                                     
<SHARES-COMMON-STOCK>           103,510                                        
<SHARES-COMMON-PRIOR>           84,732                                         
<ACCUMULATED-NII-CURRENT>       9,012                                          
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         3,504,184                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        8,888,503                                      
<NET-ASSETS>                    1,921,128                                      
<DIVIDEND-INCOME>               357,486                                        
<INTEREST-INCOME>               0                                              
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  629,877                                        
<NET-INVESTMENT-INCOME>         (272,391)                                      
<REALIZED-GAINS-CURRENT>        3,664,284                                      
<APPREC-INCREASE-CURRENT>       5,133,734                                      
<NET-CHANGE-FROM-OPS>           8,525,627                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       14,095                                         
<DISTRIBUTIONS-OF-GAINS>        176,417                                        
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         43,615                                         
<NUMBER-OF-SHARES-REDEEMED>     24,943                                         
<SHARES-REINVESTED>             106                                            
<NET-CHANGE-IN-ASSETS>          (2,255,652)                                    
<ACCUMULATED-NII-PRIOR>         100,956                                        
<ACCUMULATED-GAINS-PRIOR>       4,712,160                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           200,484                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 641,094                                        
<AVERAGE-NET-ASSETS>            40,127,980                                     
<PER-SHARE-NAV-BEGIN>           16.910                                         
<PER-SHARE-NII>                 (0.040)                                        
<PER-SHARE-GAIN-APPREC>         3.760                                          
<PER-SHARE-DIVIDEND>            0.150                                          
<PER-SHARE-DISTRIBUTIONS>       1.920                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             18.560                                         
<EXPENSE-RATIO>                 1.09                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   021                                            
     <NAME>                     FundManager Portfolios                         
                                Growth Portfolio                               
                                Financial Adviser Class                        
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Sep-30-1997                                    
<INVESTMENTS-AT-COST>           26,702,247                                     
<INVESTMENTS-AT-VALUE>          33,758,043                                     
<RECEIVABLES>                   79,197                                         
<ASSETS-OTHER>                  318,623                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  34,155,863                                     
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       56,056                                         
<TOTAL-LIABILITIES>             56,056                                         
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        21,269,489                                     
<SHARES-COMMON-STOCK>           1,843,969                                      
<SHARES-COMMON-PRIOR>           1,776,631                                      
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         5,774,522                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        7,055,796                                      
<NET-ASSETS>                    32,835,425                                     
<DIVIDEND-INCOME>               581,326                                        
<INTEREST-INCOME>               0                                              
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  501,045                                        
<NET-INVESTMENT-INCOME>         80,281                                         
<REALIZED-GAINS-CURRENT>        5,911,570                                      
<APPREC-INCREASE-CURRENT>       3,662,887                                      
<NET-CHANGE-FROM-OPS>           9,654,738                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       510,906                                        
<DISTRIBUTIONS-OF-GAINS>        3,077,506                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         356,666                                        
<NUMBER-OF-SHARES-REDEEMED>     519,497                                        
<SHARES-REINVESTED>             230,169                                        
<NET-CHANGE-IN-ASSETS>          6,582,975                                      
<ACCUMULATED-NII-PRIOR>         136,071                                        
<ACCUMULATED-GAINS-PRIOR>       3,377,570                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           154,313                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 509,405                                        
<AVERAGE-NET-ASSETS>            30,785,956                                     
<PER-SHARE-NAV-BEGIN>           14.990                                         
<PER-SHARE-NII>                 0.040                                          
<PER-SHARE-GAIN-APPREC>         4.910                                          
<PER-SHARE-DIVIDEND>            0.300                                          
<PER-SHARE-DISTRIBUTIONS>       1.830                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             17.810                                         
<EXPENSE-RATIO>                 1.65                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   022                                            
     <NAME>                     FundManager Portfolios                         
                                Growth Portfolio                               
                                No-Load Class                                  
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Sep-30-1997                                    
<INVESTMENTS-AT-COST>           26,702,247                                     
<INVESTMENTS-AT-VALUE>          33,758,043                                     
<RECEIVABLES>                   79,197                                         
<ASSETS-OTHER>                  318,623                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  34,155,863                                     
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       56,056                                         
<TOTAL-LIABILITIES>             56,056                                         
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        21,269,489                                     
<SHARES-COMMON-STOCK>           70,876                                         
<SHARES-COMMON-PRIOR>           58,324                                         
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         5,774,522                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        7,055,796                                      
<NET-ASSETS>                    1,264,382                                      
<DIVIDEND-INCOME>               581,326                                        
<INTEREST-INCOME>               0                                              
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  501,045                                        
<NET-INVESTMENT-INCOME>         80,281                                         
<REALIZED-GAINS-CURRENT>        5,911,570                                      
<APPREC-INCREASE-CURRENT>       3,662,887                                      
<NET-CHANGE-FROM-OPS>           9,654,738                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       26,438                                         
<DISTRIBUTIONS-OF-GAINS>        116,120                                        
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         30,883                                         
<NUMBER-OF-SHARES-REDEEMED>     18,728                                         
<SHARES-REINVESTED>             397                                            
<NET-CHANGE-IN-ASSETS>          6,582,975                                      
<ACCUMULATED-NII-PRIOR>         136,071                                        
<ACCUMULATED-GAINS-PRIOR>       3,377,570                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           154,313                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 509,405                                        
<AVERAGE-NET-ASSETS>            30,785,956                                     
<PER-SHARE-NAV-BEGIN>           15.040                                         
<PER-SHARE-NII>                 0.110                                          
<PER-SHARE-GAIN-APPREC>         4.930                                          
<PER-SHARE-DIVIDEND>            0.410                                          
<PER-SHARE-DISTRIBUTIONS>       1.830                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             17.840                                         
<EXPENSE-RATIO>                 1.15                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   031                                            
     <NAME>                     FundManager Portfolios                         
                                Growth with Income Portfolio                   
                                Financial Adviser Class                        
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Sep-30-1997                                    
<INVESTMENTS-AT-COST>           29,085,141                                     
<INVESTMENTS-AT-VALUE>          37,794,841                                     
<RECEIVABLES>                   36,427                                         
<ASSETS-OTHER>                  331,658                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  38,162,926                                     
<PAYABLE-FOR-SECURITIES>        20,939                                         
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       67,451                                         
<TOTAL-LIABILITIES>             88,390                                         
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        23,829,081                                     
<SHARES-COMMON-STOCK>           1,965,232                                      
<SHARES-COMMON-PRIOR>           1,891,259                                      
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          100,268                                        
<ACCUMULATED-NET-GAINS>         5,636,023                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        8,709,700                                      
<NET-ASSETS>                    37,274,165                                     
<DIVIDEND-INCOME>               1,038,342                                      
<INTEREST-INCOME>               0                                              
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  537,187                                        
<NET-INVESTMENT-INCOME>         501,155                                        
<REALIZED-GAINS-CURRENT>        5,684,405                                      
<APPREC-INCREASE-CURRENT>       3,631,243                                      
<NET-CHANGE-FROM-OPS>           9,816,803                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       693,670                                        
<DISTRIBUTIONS-OF-GAINS>        4,130,314                                      
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         298,724                                        
<NUMBER-OF-SHARES-REDEEMED>     498,518                                        
<SHARES-REINVESTED>             273,757                                        
<NET-CHANGE-IN-ASSETS>          5,881,772                                      
<ACCUMULATED-NII-PRIOR>         54,611                                         
<ACCUMULATED-GAINS-PRIOR>       4,242,741                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           167,415                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 546,438                                        
<AVERAGE-NET-ASSETS>            33,395,252                                     
<PER-SHARE-NAV-BEGIN>           16.690                                         
<PER-SHARE-NII>                 0.260                                          
<PER-SHARE-GAIN-APPREC>         4.780                                          
<PER-SHARE-DIVIDEND>            0.430                                          
<PER-SHARE-DISTRIBUTIONS>       2.330                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             18.970                                         
<EXPENSE-RATIO>                 1.62                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   032                                            
     <NAME>                     FundManager Portfolios                         
                                Growth with Income Portfolio                   
                                No Load Class                                  
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Sep-30-1997                                    
<INVESTMENTS-AT-COST>           29,085,141                                     
<INVESTMENTS-AT-VALUE>          37,794,841                                     
<RECEIVABLES>                   36,427                                         
<ASSETS-OTHER>                  331,658                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  38,162,926                                     
<PAYABLE-FOR-SECURITIES>        20,939                                         
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       67,451                                         
<TOTAL-LIABILITIES>             88,390                                         
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        23,829,081                                     
<SHARES-COMMON-STOCK>           42,633                                         
<SHARES-COMMON-PRIOR>           37,188                                         
<ACCUMULATED-NII-CURRENT>       0                                              
<OVERDISTRIBUTION-NII>          100,268                                        
<ACCUMULATED-NET-GAINS>         5,636,023                                      
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        8,709,700                                      
<NET-ASSETS>                    800,371                                        
<DIVIDEND-INCOME>               1,038,342                                      
<INTEREST-INCOME>               0                                              
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  537,187                                        
<NET-INVESTMENT-INCOME>         501,155                                        
<REALIZED-GAINS-CURRENT>        5,684,405                                      
<APPREC-INCREASE-CURRENT>       3,631,243                                      
<NET-CHANGE-FROM-OPS>           9,816,803                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       25,855                                         
<DISTRIBUTIONS-OF-GAINS>        97,318                                         
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         18,095                                         
<NUMBER-OF-SHARES-REDEEMED>     13,699                                         
<SHARES-REINVESTED>             1,049                                          
<NET-CHANGE-IN-ASSETS>          5,881,772                                      
<ACCUMULATED-NII-PRIOR>         54,611                                         
<ACCUMULATED-GAINS-PRIOR>       4,242,741                                      
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           167,415                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 546,438                                        
<AVERAGE-NET-ASSETS>            33,395,252                                     
<PER-SHARE-NAV-BEGIN>           16.710                                         
<PER-SHARE-NII>                 0.320                                          
<PER-SHARE-GAIN-APPREC>         4.750                                          
<PER-SHARE-DIVIDEND>            0.680                                          
<PER-SHARE-DISTRIBUTIONS>       2.330                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             18.770                                         
<EXPENSE-RATIO>                 1.12                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   041                                            
     <NAME>                     FundManager Portfolios                         
                                Bond Portfolio                                 
                                Financial Adviser Class                        
<PERIOD-TYPE>                   12-Mos                                         
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Sep-30-1997                                    
<INVESTMENTS-AT-COST>           63,546,924                                     
<INVESTMENTS-AT-VALUE>          65,193,437                                     
<RECEIVABLES>                   331,735                                        
<ASSETS-OTHER>                  335,281                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  65,860,453                                     
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       82,293                                         
<TOTAL-LIABILITIES>             82,293                                         
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        67,225,091                                     
<SHARES-COMMON-STOCK>           6,184,570                                      
<SHARES-COMMON-PRIOR>           7,015,708                                      
<ACCUMULATED-NII-CURRENT>       470,672                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (3,564,116)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        1,646,513                                      
<NET-ASSETS>                    63,556,884                                     
<DIVIDEND-INCOME>               4,389,782                                      
<INTEREST-INCOME>               0                                              
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  930,466                                        
<NET-INVESTMENT-INCOME>         3,459,316                                      
<REALIZED-GAINS-CURRENT>        41,868                                         
<APPREC-INCREASE-CURRENT>       1,923,463                                      
<NET-CHANGE-FROM-OPS>           5,424,647                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       3,534,481                                      
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         2,689,498                                      
<NUMBER-OF-SHARES-REDEEMED>     3,684,318                                      
<SHARES-REINVESTED>             163,682                                        
<NET-CHANGE-IN-ASSETS>          (6,376,061)                                    
<ACCUMULATED-NII-PRIOR>         608,814                                        
<ACCUMULATED-GAINS-PRIOR>       (3,543,733)                                    
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           340,908                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 949,736                                        
<AVERAGE-NET-ASSETS>            67,983,748                                     
<PER-SHARE-NAV-BEGIN>           10.000                                         
<PER-SHARE-NII>                 0.510                                          
<PER-SHARE-GAIN-APPREC>         0.310                                          
<PER-SHARE-DIVIDEND>            0.540                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.280                                         
<EXPENSE-RATIO>                 1.39                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   042                                            
     <NAME>                     FundManager Portfolios                         
                                Bond Portfolio                                 
                                No Load Class                                  
<PERIOD-TYPE>                   12-Mos                                         
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Sep-30-1997                                    
<INVESTMENTS-AT-COST>           63,546,924                                     
<INVESTMENTS-AT-VALUE>          65,193,437                                     
<RECEIVABLES>                   331,735                                        
<ASSETS-OTHER>                  335,281                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  65,860,453                                     
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       82,293                                         
<TOTAL-LIABILITIES>             82,293                                         
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        67,225,091                                     
<SHARES-COMMON-STOCK>           214,805                                        
<SHARES-COMMON-PRIOR>           198,015                                        
<ACCUMULATED-NII-CURRENT>       470,672                                        
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         (3,564,116)                                    
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        1,646,513                                      
<NET-ASSETS>                    2,221,276                                      
<DIVIDEND-INCOME>               4,389,782                                      
<INTEREST-INCOME>               0                                              
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  930,466                                        
<NET-INVESTMENT-INCOME>         3,459,316                                      
<REALIZED-GAINS-CURRENT>        41,868                                         
<APPREC-INCREASE-CURRENT>       1,923,463                                      
<NET-CHANGE-FROM-OPS>           5,424,647                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       125,228                                        
<DISTRIBUTIONS-OF-GAINS>        0                                              
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         64,621                                         
<NUMBER-OF-SHARES-REDEEMED>     54,496                                         
<SHARES-REINVESTED>             6,665                                          
<NET-CHANGE-IN-ASSETS>          (6,376,061)                                    
<ACCUMULATED-NII-PRIOR>         608,814                                        
<ACCUMULATED-GAINS-PRIOR>       (3,543,733)                                    
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           340,908                                        
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 949,736                                        
<AVERAGE-NET-ASSETS>            67,983,748                                     
<PER-SHARE-NAV-BEGIN>           10.040                                         
<PER-SHARE-NII>                 0.570                                          
<PER-SHARE-GAIN-APPREC>         0.300                                          
<PER-SHARE-DIVIDEND>            0.570                                          
<PER-SHARE-DISTRIBUTIONS>       0.000                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             10.340                                         
<EXPENSE-RATIO>                 0.89                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>

<TABLE> <S> <C>

                                                                               
<S>                             <C>                                            
                                                                               
<ARTICLE>                       6                                              
<SERIES>                                                                       
     <NUMBER>                   05                                             
     <NAME>                     FundManager Portfolios                         
                                Managed Total Return Portfolio                 
                                Financial Adviser Class                        
<PERIOD-TYPE>                   12-mos                                         
<FISCAL-YEAR-END>               Sep-30-1997                                    
<PERIOD-END>                    Sep-30-1997                                    
<INVESTMENTS-AT-COST>           9,743,274                                      
<INVESTMENTS-AT-VALUE>          11,026,113                                     
<RECEIVABLES>                   25,601                                         
<ASSETS-OTHER>                  592,753                                        
<OTHER-ITEMS-ASSETS>            0                                              
<TOTAL-ASSETS>                  11,644,467                                     
<PAYABLE-FOR-SECURITIES>        0                                              
<SENIOR-LONG-TERM-DEBT>         0                                              
<OTHER-ITEMS-LIABILITIES>       38,160                                         
<TOTAL-LIABILITIES>             38,160                                         
<SENIOR-EQUITY>                 0                                              
<PAID-IN-CAPITAL-COMMON>        9,369,676                                      
<SHARES-COMMON-STOCK>           962,428                                        
<SHARES-COMMON-PRIOR>           1,266,151                                      
<ACCUMULATED-NII-CURRENT>       59,883                                         
<OVERDISTRIBUTION-NII>          0                                              
<ACCUMULATED-NET-GAINS>         893,909                                        
<OVERDISTRIBUTION-GAINS>        0                                              
<ACCUM-APPREC-OR-DEPREC>        1,282,839                                      
<NET-ASSETS>                    11,606,307                                     
<DIVIDEND-INCOME>               506,148                                        
<INTEREST-INCOME>               0                                              
<OTHER-INCOME>                  0                                              
<EXPENSES-NET>                  242,506                                        
<NET-INVESTMENT-INCOME>         263,642                                        
<REALIZED-GAINS-CURRENT>        1,051,278                                      
<APPREC-INCREASE-CURRENT>       540,852                                        
<NET-CHANGE-FROM-OPS>           1,855,772                                      
<EQUALIZATION>                  0                                              
<DISTRIBUTIONS-OF-INCOME>       385,086                                        
<DISTRIBUTIONS-OF-GAINS>        889,268                                        
<DISTRIBUTIONS-OTHER>           0                                              
<NUMBER-OF-SHARES-SOLD>         105,534                                        
<NUMBER-OF-SHARES-REDEEMED>     323,675                                        
<SHARES-REINVESTED>             122,005                                        
<NET-CHANGE-IN-ASSETS>          (516,246)                                      
<ACCUMULATED-NII-PRIOR>         135,353                                        
<ACCUMULATED-GAINS-PRIOR>       585,034                                        
<OVERDISTRIB-NII-PRIOR>         0                                              
<OVERDIST-NET-GAINS-PRIOR>      0                                              
<GROSS-ADVISORY-FEES>           58,530                                         
<INTEREST-EXPENSE>              0                                              
<GROSS-EXPENSE>                 245,813                                        
<AVERAGE-NET-ASSETS>            11,671,420                                     
<PER-SHARE-NAV-BEGIN>           11.450                                         
<PER-SHARE-NII>                 0.280                                          
<PER-SHARE-GAIN-APPREC>         1.550                                          
<PER-SHARE-DIVIDEND>            0.320                                          
<PER-SHARE-DISTRIBUTIONS>       0.900                                          
<RETURNS-OF-CAPITAL>            0.000                                          
<PER-SHARE-NAV-END>             12.060                                         
<EXPENSE-RATIO>                 2.08                                           
<AVG-DEBT-OUTSTANDING>          0                                              
<AVG-DEBT-PER-SHARE>            0.000                                          
                                                                               

</TABLE>


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission