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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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SIGNATURE DAVID W. SCHUTT
TITLE SECRETARY & TREAS.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from M Fund Inc.
financial statements at June 30, 1997
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> Edinburgh Overseas Equity Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 4,318,788
<INVESTMENTS-AT-VALUE> 4,847,154
<RECEIVABLES> 763,791
<ASSETS-OTHER> 71,188
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,682,133
<PAYABLE-FOR-SECURITIES> 393,906
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15,368
<TOTAL-LIABILITIES> 409,274
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,829,326
<SHARES-COMMON-STOCK> 483,700
<SHARES-COMMON-PRIOR> 321,541
<ACCUMULATED-NII-CURRENT> 33,735
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 118,361
<ACCUM-APPREC-OR-DEPREC> 528,159
<NET-ASSETS> 5,272,859
<DIVIDEND-INCOME> 46,616
<INTEREST-INCOME> 10,913
<OTHER-INCOME> 0
<EXPENSES-NET> 25,827
<NET-INVESTMENT-INCOME> 31,702
<REALIZED-GAINS-CURRENT> (577)
<APPREC-INCREASE-CURRENT> 452,561
<NET-CHANGE-FROM-OPS> 483,686
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 238,854
<NUMBER-OF-SHARES-REDEEMED> 78,559
<SHARES-REINVESTED> 1,864
<NET-CHANGE-IN-ASSETS> 2,095,662
<ACCUMULATED-NII-PRIOR> 2,033
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 117,784
<GROSS-ADVISORY-FEES> 20,860
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 109,919
<AVERAGE-NET-ASSETS> 4,006,325
<PER-SHARE-NAV-BEGIN> 9.88
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> 0.96
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.90
<EXPENSE-RATIO> 1.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from M Fund Inc.
financial statements at June 30, 1997
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> Turner Core Growth Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 2,403,907
<INVESTMENTS-AT-VALUE> 2,739,266
<RECEIVABLES> 101,029
<ASSETS-OTHER> 71,188
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,911,483
<PAYABLE-FOR-SECURITIES> 45,384
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 16,316
<TOTAL-LIABILITIES> 61,700
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,482,267
<SHARES-COMMON-STOCK> 220,629
<SHARES-COMMON-PRIOR> 172,614
<ACCUMULATED-NII-CURRENT> 7,283
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 24,874
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 335,359
<NET-ASSETS> 2,849,783
<DIVIDEND-INCOME> 12,298
<INTEREST-INCOME> 2,557
<OTHER-INCOME> 0
<EXPENSES-NET> 8,502
<NET-INVESTMENT-INCOME> 6,353
<REALIZED-GAINS-CURRENT> 23,293
<APPREC-INCREASE-CURRENT> 255,058
<NET-CHANGE-FROM-OPS> 284,704
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 92,652
<NUMBER-OF-SHARES-REDEEMED> 50,630
<SHARES-REINVESTED> 5,993
<NET-CHANGE-IN-ASSETS> 846,852
<ACCUMULATED-NII-PRIOR> 930
<ACCUMULATED-GAINS-PRIOR> 1,581
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,465
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 89,594
<AVERAGE-NET-ASSETS> 2,449,360
<PER-SHARE-NAV-BEGIN> 11.60
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 1.29
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.92
<EXPENSE-RATIO> 0.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from M Fund Inc.
financial statements at June 30, 1997
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> Frontier Capital Appreciation Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 5,702,692
<INVESTMENTS-AT-VALUE> 6,426,694
<RECEIVABLES> 1,148,654
<ASSETS-OTHER> 71,188
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 7,646,536
<PAYABLE-FOR-SECURITIES> 329,536
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9,161
<TOTAL-LIABILITIES> 338,697
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,586,436
<SHARES-COMMON-STOCK> 529,059
<SHARES-COMMON-PRIOR> 239,998
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 1,953
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 646
<ACCUM-APPREC-OR-DEPREC> 724,002
<NET-ASSETS> 7,307,839
<DIVIDEND-INCOME> 8,235
<INTEREST-INCOME> 21,633
<OTHER-INCOME> 0
<EXPENSES-NET> 31,821
<NET-INVESTMENT-INCOME> (1,953)
<REALIZED-GAINS-CURRENT> 50,867
<APPREC-INCREASE-CURRENT> 558,816
<NET-CHANGE-FROM-OPS> 607,730
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 465,976
<NUMBER-OF-SHARES-REDEEMED> 186,721
<SHARES-REINVESTED> 9,806
<NET-CHANGE-IN-ASSETS> 4,301,896
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 51,513
<GROSS-ADVISORY-FEES> 24,904
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 106,723
<AVERAGE-NET-ASSETS> 5,580,231
<PER-SHARE-NAV-BEGIN> 12.52
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 1.29
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.81
<EXPENSE-RATIO> 1.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from M Fund Inc.
financial statements at June 30, 1997
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> Enhanced U.S. Equity Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 1,936,296
<INVESTMENTS-AT-VALUE> 2,311,032
<RECEIVABLES> 107,077
<ASSETS-OTHER> 71,188
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,489,297
<PAYABLE-FOR-SECURITIES> 35,171
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12,167
<TOTAL-LIABILITIES> 47,338
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,948,066
<SHARES-COMMON-STOCK> 176,820
<SHARES-COMMON-PRIOR> 133,525
<ACCUMULATED-NII-CURRENT> 13,771
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 105,386
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 374,736
<NET-ASSETS> 2,441,959
<DIVIDEND-INCOME> 19,423
<INTEREST-INCOME> 1,654
<OTHER-INCOME> 0
<EXPENSES-NET> 8,116
<NET-INVESTMENT-INCOME> 12,961
<REALIZED-GAINS-CURRENT> 74,620
<APPREC-INCREASE-CURRENT> 239,200
<NET-CHANGE-FROM-OPS> 326,781
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 57,226
<NUMBER-OF-SHARES-REDEEMED> 19,796
<SHARES-REINVESTED> 5,865
<NET-CHANGE-IN-ASSETS> 859,818
<ACCUMULATED-NII-PRIOR> 810
<ACCUMULATED-GAINS-PRIOR> 30,766
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,580
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 84,197
<AVERAGE-NET-ASSETS> 2,045,965
<PER-SHARE-NAV-BEGIN> 11.85
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 1.89
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.81
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
