NSAR-A

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001 A000000 THE DESSAUER GLOBAL EQUITY FUND
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011 A000001 FIRST FUND DISTRIBUTORS, INC.
011 B000001 8-42809
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011 C020001 AZ
011 C030001 85018
012 A000001 NATIONAL FINANCIAL DATA SERVICES, INC.
012 B000001 84-1078
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012 C030001 64105
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013 B030001 90071
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      PAGE  2
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SIGNATURE   TOM MARSCHEL
TITLE       ASSISTANT TREASURER

EX-27

 

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<NAME> DESSAUER GLOBAL EQUITY FUND

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   <NAME> DESSAUER GLOBAL EQUITY FUND
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<PERIOD-TYPE>                   6-MOS
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<PERIOD-START>                             APR-01-1999
<PERIOD-END>                               SEP-30-1999
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EX-99

THE DESSAUER GLOBAL EQUITY FUND

                                 PROXY STATEMENT
                               Dated June 2, 1999

                         SPECIAL MEETING OF SHAREHOLDERS
                                   TO BE HELD
                                  June 28, 1999


The Meeting has been called for the following purposes:

     1.   To approve a new investment advisory agreement for the Fund;

         Proposition 1:
         For:                2,727,278
         Against:               38,098
         Abstain:               34,539

     2.   To clarify the Fund's  fundamental  investment  restriction  regarding
          borrowing; and

         Proposition 2:
         For:                1,952,613
         Against:               64,386
         Abstain:               40,055
         Not-voted:            742,862

     3.   To  transact  such other  business  as may  properly  come  before the
          Meeting or any adjournment(s) thereof.