<PAGE> PAGE 1
000 B000000 12/31/97
000 C000000 0000949328
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 WEISS TREASURY FUND
001 B000000 811-9084
001 C000000 3027913108
002 A000000 4176 BURNS ROAD
002 B000000 PALM BEACH GARDENS
002 C000000 FL
002 D010000 33410
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 WEISS TREASURY ONLY MONEY MARKET FUND
007 C030100 N
007 C010200 2
007 C020200 WEISS INTERMEDIATE TREASURY FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 WEISS MONEY MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-33726
008 D01AA01 PALM BEACH GARDENS
008 D02AA01 FL
008 D03AA01 33410
010 A00AA01 PFPC INC.
010 B00AA01 85-1196
010 C01AA01 WILMINGTON
010 C02AA01 DE
010 C03AA01 19809
011 A00AA01 WEISS FUNDS, INC.
011 B00AA01 8-48567
011 C01AA01 PALM BEACH GARDENS
011 C02AA01 FL
<PAGE> PAGE 2
011 C03AA01 33410
012 A00AA01 PFPC INC.
012 B00AA01 85-1196
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19809
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
014 A00AA01 WEISS FUNDS, INC.
014 B00AA01 8-48567
015 A00AA01 PNC BANK
015 B00AA01 C
015 C01AA01 LESTER
015 C02AA01 PA
015 C03AA01 19113
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
019 C00AA00 WEISSTREFD
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 PNC SECURITIES CORP.
022 B000001 25-1471636
022 C000001 119733
022 D000001 0
022 A000002 DEAN WITTER REYNOLDS
022 B000002 94-1671384
022 C000002 67312
022 D000002 0
022 A000003 BANKERS TRUST
022 B000003 13-4941247
022 C000003 54817
022 D000003 0
022 A000004 FIDELITY SECURITIES
022 B000004 04-2653569
022 C000004 49628
022 D000004 0
022 C000005 0
022 D000005 0
<PAGE> PAGE 3
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 306350
023 D000000 20496
024 00AA00 N
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
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 N
041 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
045 00AA00 Y
046 00AA00 N
<PAGE> PAGE 4
047 00AA00 Y
048 00AA00 0.500
048 A01AA00 0
048 A02AA00 0.000
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 0
048 K02AA00 0.000
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
<PAGE> PAGE 5
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 Y
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 EVANSTON INSURANCE CO.
080 C00AA00 0
081 A00AA00 N
081 B00AA00 0
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
<PAGE> PAGE 6
086 F010000 0
086 F020000 0
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 4457
028 A020100 97
028 A030100 0
028 A040100 3297
028 B010100 5469
028 B020100 106
028 B030100 0
028 B040100 6920
028 C010100 993
028 C020100 111
028 C030100 0
028 C040100 2589
028 D010100 2469
028 D020100 96
028 D030100 0
028 D040100 1256
028 E010100 3325
028 E020100 94
028 E030100 0
028 E040100 1555
028 F010100 6039
028 F020100 98
028 F030100 0
028 F040100 1130
028 G010100 22752
028 G020100 602
028 G030100 0
028 G040100 16747
028 H000100 0
031 A000100 0
031 B000100 0
032 000100 0
033 000100 0
062 A000100 Y
062 B000100 99.6
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
<PAGE> PAGE 7
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.7
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 56
063 B000100 0.0
064 A000100 N
064 B000100 N
070 A010100 Y
070 A020100 Y
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
070 K010100 Y
070 K020100 Y
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
<PAGE> PAGE 8
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 12
072 B000100 1150
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 112
072 G000100 69
072 H000100 0
072 I000100 64
072 J000100 18
072 K000100 0
072 L000100 14
072 M000100 5
072 N000100 31
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 20
072 S000100 31
072 T000100 0
072 U000100 7
072 V000100 0
072 W000100 10
072 X000100 381
072 Y000100 269
072 Z000100 1038
072AA000100 0
072BB000100 0
072CC010100 0
072CC020100 0
072DD010100 1038
072DD020100 0
072EE000100 0
073 A010100 0.0461
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 33234
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 226
074 J000100 0
074 K000100 26
<PAGE> PAGE 9
074 L000100 0
074 M000100 39
074 N000100 33525
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 164
074 S000100 0
074 T000100 33361
074 U010100 33361
074 U020100 0
074 V010100 1.00
074 V020100 0.00
074 W000100 0.9999
074 X000100 909
074 Y000100 0
075 A000100 22553
075 B000100 0
076 000100 0.00
025 D000201 0
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 254
028 A020200 59
028 A030200 0
028 A040200 82
028 B010200 137
028 B020200 0
028 B030200 0
028 B040200 73
028 C010200 148
028 C020200 2
028 C030200 0
028 C040200 67
028 D010200 243
028 D020200 66
028 D030200 0
028 D040200 53
028 E010200 131
028 E020200 2
028 E030200 0
028 E040200 313
028 F010200 193
<PAGE> PAGE 10
028 F020200 42
028 F030200 0
028 F040200 3354
028 G010200 1106
028 G020200 169
028 G030200 0
028 G040200 3942
028 H000200 0
031 A000200 0
031 B000200 0
032 000200 0
033 000200 0
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 4.2
062 M000200 100.4
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 3.7
064 A000200 N
064 B000200 N
070 A010200 Y
070 A020200 Y
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
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
<PAGE> PAGE 11
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 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 2029
071 B000200 2929
071 C000200 3999
071 D000200 51
072 A000200 12
072 B000200 292
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 22
072 G000200 69
072 H000200 0
072 I000200 54
072 J000200 16
072 K000200 0
072 L000200 4
072 M000200 1
072 N000200 13
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 5
072 S000200 8
072 T000200 0
072 U000200 7
072 V000200 0
072 W000200 3
072 X000200 202
072 Y000200 179
072 Z000200 269
072AA000200 0
072BB000200 0
<PAGE> PAGE 12
072CC010200 14
072CC020200 0
072DD010200 269
072DD020200 0
072EE000200 0
073 A010200 0.6093
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 1865
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 77
074 J000200 0
074 K000200 31
074 L000200 19
074 M000200 29
074 N000200 2021
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 164
074 S000200 0
074 T000200 1857
074 U010200 184
074 U020200 0
074 V010200 10.10
074 V020200 0.00
074 W000200 0.0000
074 X000200 158
074 Y000200 0
075 A000200 0
075 B000200 4422
076 000200 0.00
SIGNATURE KATHY THREN
TITLE COUNSEL
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000949328
<NAME> WEISS TREASURY FUND
<SERIES>
<NUMBER> 01
<NAME> WEISS TREASURY ONLY MONEY MARKET
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 33460006
<INVESTMENTS-AT-VALUE> 33460006
<RECEIVABLES> 25614
<ASSETS-OTHER> 38996
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33524616
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (163371)
<TOTAL-LIABILITIES> (163371)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 33361246
<SHARES-COMMON-STOCK> 33361246
<SHARES-COMMON-PRIOR> 11127322
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 33361246
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1150232
<OTHER-INCOME> 0
<EXPENSES-NET> 112411
<NET-INVESTMENT-INCOME> 1037821
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1037821
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1037821)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 43729538
<NUMBER-OF-SHARES-REDEEMED> (22421081)
<SHARES-REINVESTED> 925467
<NET-CHANGE-IN-ASSETS> 22233924
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 112410
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 381382
<AVERAGE-NET-ASSETS> 22553108
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .005
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000949328
<NAME> WEISS TREASURY FUND
<SERIES>
<NUMBER> 02
<NAME> WEISS INTERMEDIATE TREASURY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 1924574
<INVESTMENTS-AT-VALUE> 1941763
<RECEIVABLES> 53434
<ASSETS-OTHER> 25844
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2021041
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> (164483)
<TOTAL-LIABILITIES> (164483)
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1839369
<SHARES-COMMON-STOCK> 183862
<SHARES-COMMON-PRIOR> 451060
<ACCUMULATED-NII-CURRENT> 269491
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17189
<NET-ASSETS> 1856558
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 291602
<OTHER-INCOME> 0
<EXPENSES-NET> 22111
<NET-INVESTMENT-INCOME> 269491
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 13514
<NET-CHANGE-FROM-OPS> 283005
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (269491)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3570400
<NUMBER-OF-SHARES-REDEEMED> (4743220)
<SHARES-REINVESTED> 256135
<NET-CHANGE-IN-ASSETS> (903171)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 22111
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 200713
<AVERAGE-NET-ASSETS> 4422201
<PER-SHARE-NAV-BEGIN> 10.01
<PER-SHARE-NII> .61
<PER-SHARE-GAIN-APPREC> .09
<PER-SHARE-DIVIDEND> (.61)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.10
<EXPENSE-RATIO> .005
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
