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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 C4+W0i77f+/hUoaP5iyS0BcI6ZtJ5kyvKCt3nZs9R6UHef9QQXrx6jQGUf2XgRvr
 ItuU1+bV6qrrODnLX45LGg==

<SEC-DOCUMENT>0001209191-03-025852.txt : 20031016
<SEC-HEADER>0001209191-03-025852.hdr.sgml : 20031016
<ACCEPTANCE-DATETIME>20031016172435
ACCESSION NUMBER:		0001209191-03-025852
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031013
FILED AS OF DATE:		20031016

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LINDH LEONARD W
		CENTRAL INDEX KEY:			0001213119

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-08244
		FILM NUMBER:		03944453

	MAIL ADDRESS:	
		STREET 1:		53 TRANBULL DRIVE
		CITY:			HUDOSN
		STATE:			OH
		ZIP:			44236

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MORGAN FUNSHARES INC
		CENTRAL INDEX KEY:			0000916687
		IRS NUMBER:				341398864
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		28601 CHAGRIN BLVD
		CITY:			CLEVELAND
		STATE:			OH
		ZIP:			44122
		BUSINESS PHONE:		2162923434

	MAIL ADDRESS:	
		STREET 1:		28601CHAGRIN BLVD
		CITY:			CLEVELAND
		STATE:			OH
		ZIP:			44122

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FUNSHARES INC /OH/
		DATE OF NAME CHANGE:	19931228
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bcl03621_bcl1lwl.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-10-13</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0000916687</issuerCik><issuerName>MORGAN FUNSHARES INC</issuerName>        <issuerTradingSymbol>MFUN </issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001213119</rptOwnerCik><rptOwnerName>LINDH LEONARD W</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>53 TRUMBULL DRIVE</rptOwnerStreet1><rptOwnerStreet2></rptOwnerStreet2><rptOwnerCity>HUDSON</rptOwnerCity><rptOwnerState>OH</rptOwnerState><rptOwnerZipCode>44236</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTit
le><value>Common Stock </value></securityTitle><transactionDate><value>2003-10-13</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>100</value></transactionShares><transactionPricePerShare><value>6.341</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>1200</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common Stock </value></securityTitle><transactionDate><value>2003-10-14</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</trans
actionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>500</value></transactionShares><transactionPricePerShare><value>6.33</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>700</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Common Stock </value></securityTitle><transactionDate><value>2003-10-15</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>S</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>700</value></transactionShares><transactionPricePerShare><value>6.38</value></
transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTable><ownerSignature><signatureName>/s/ Leonard W. Lindh</signatureName><signatureDate>2003-10-16</signatureDate></ownerSignature></ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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