-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Hju65HAGri6/mC+cFrZAFUdW54hMVJx+G5ZGrPc7gdqh1I6HlcaKDzpRexjxr356 /BoOz+BpdXxIqk6j4rOe/w== 0000950152-97-001204.txt : 19970222 0000950152-97-001204.hdr.sgml : 19970222 ACCESSION NUMBER: 0000950152-97-001204 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 16 FILED AS OF DATE: 19970220 EFFECTIVENESS DATE: 19970220 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMSOUTH MUTUAL FUNDS CENTRAL INDEX KEY: 0000832544 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-21660 FILM NUMBER: 97540048 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-05551 FILM NUMBER: 97540049 BUSINESS ADDRESS: STREET 1: 3435 STELZER RD STREET 2: STE 1000 CITY: COLUMBUS STATE: OH ZIP: 43219 BUSINESS PHONE: 8004518382 MAIL ADDRESS: STREET 1: 1900 EAST DUBLIN GRANVILLE RD CITY: COLUMBUS STATE: OH ZIP: 43229 FORMER COMPANY: FORMER CONFORMED NAME: ASO OUTLOOK GROUP DATE OF NAME CHANGE: 19920703 485BPOS 1 AMSOUTH MUTUAL FUNDS 485BPOS 1 As filed with the Securities and Exchange Commission on February 20, 1997 Registration Nos. 33-21660 and 811-5551 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form N-1A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [ ] Pre-Effective Amendment No. [ ] Post-Effective Amendment No. 22 [X] and/or REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [ ] Amendment No. 23 [X] AMSOUTH MUTUAL FUNDS (Exact Name of Registrant as Specified in Charter) 3435 Stelzer Road, Columbus, Ohio 43219 (Address of Principal Executive Offices) (800) 451-8379 (Registrant's Telephone Number, Including Area Code) Name and address of agent for service: Copy to: Mr. J. David Huber Alan G. Priest, Esq. AmSouth Mutual Funds Ropes & Gray 3435 Stelzer Road 1301 K Street, N.W. Columbus, Ohio 43219 Suite 800 East Washington, D.C. 20005 It is proposed that this filing will become effective (check appropriate box) [ ] immediately upon filing pursuant to paragraph (b) [X} on March 17, 1997 pursuant to paragraph (b) [ ] 60 days after filing pursuant to paragraph (a)(i) [ ] on (date) pursuant to paragraph (a)(i) [ ] 75 days after filing pursuant to paragraph (a)(ii) [ ] on (date) pursuant to paragraph (a)(ii) of Rule 485 [ ] This post-effective amendment designates a new effective date for a previously filed post-effective amendment The Registrant has registered an indefinite number or amount of its shares of beneficial interest under the Securities Act of 1933 pursuant to Rule 24f-2. The Registrant has filed a Rule 24f-2 Notice with respect to the Registrant's fiscal year ended July 31, 1996 on September 25, 1996. 2 AmSouth Prime Obligations Fund AmSouth U.S. Treasury Fund AmSouth Tax Exempt Fund AmSouth Florida Tax-Free Fund AmSouth Municipal Bond Fund AmSouth Limited Maturity Fund AmSouth Bond Fund AmSouth Government Income Fund The information required by Items 1 through 9 for the above-referenced investment portfolios of AmSouth Mutual Funds (the "Registrant") is hereby incorporated by reference to Part A of Post-Effective Amendment No. 19 to the Registrant's Registration Statement on Form N-1A, filed with the Securities and Exchange Commission on November 27, 1996. The information requested by Items 10 through 23 for the above-referenced portfolios of the Registrant is hereby incorporated by reference to Part B of Post-Effective Amendment No. 20 to the Registrant's Registration Statement on Form N-1A filed with the Securities and Exchange Commission on December 23, 1996. AmSouth Equity Fund AmSouth Regional Equity Fund AmSouth Balanced Fund AmSouth Capital Growth Fund AmSouth Small Cap Fund AmSouth Equity Income Fund The information required by Items 1 through 9 and Items 10 through 23 for the above-referenced investment portfolios of the Registrant is hereby incorporated by reference to Parts A and B of Post-Effective Amendment No. 20 to the Registrant's Registration Statement on Form N-1A, filed with the Securities and Exchange Commission on December 23, 1996. 3 Part C of Post-Effective Amendment No. 22 to Registration Statement of AMSOUTH MUTUAL FUNDS PART C. OTHER INFORMATION Item 24. Financial Statements and Exhibits (a) Financial Statements. All required financial statements are included in Parts A and B hereof. (b) Exhibits: (1) Amended Declaration of Trust, dated as of June 25, 1993 and filed on August 19, 1993 -- incorporated by reference to Post-Effective Amendment No. 11 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (2) (a) By-laws -- incorporated by reference to the Registrant's initial Registration Statement on Form N-1A (File No. 33-21660). (b) Amendment No. 1 to By-laws -- incorporated by reference to Post-Effective Amendment No. 3 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (3) None. (4) (a) Article III, Sections 4 and 5; Article IV, Sections 1 and 6; Article V; Article VIII, Section 4; and Article IX, Sections 1, 4 and 7 of the Amended Declaration of Trust -- incorporated by reference to Post-Effective Amendment No. 11 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (b) Article 11 of The By-laws -- incorporated by reference to the Registrant's initial Registration Statement on Form N-1A (File No. 33-21660). C-1 4 (c) Amendment No. 1 to By-laws -- incorporated by reference to Post-Effective Amendment No. 3 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (5) (a) Investment Advisory Agreement dated as of August 1, 1988 between the Registrant and AmSouth Bank N.A. -- incorporated by reference to Post-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (b) Amendment No. 1 dated as of December 5, 1989 to Investment Advisory Agreement dated as of August 1, 1988 between the Registrant and AmSouth Bank N.A. --incorporated by reference to Post-Effective Amendment No. 4 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (c) Amended Schedule to the Investment Advisory Agreement between the Registrant and AmSouth Bank N.A. with respect to the Florida Tax-Free Fund -- incorporated by reference to Post-Effective Amendment No. 14 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (d) Form of Amended Schedule A to the Investment Advisory Agreement between the Registrant and AmSouth Bank, N.A. -- incorporated by reference to Post-Effective Amendment No. 20 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (e) Investment Advisory Agreement between the Group and AmSouth Bank N.A. dated as of January 20, 1989 with respect to The ASO Outlook Group Limited Maturity Fund -- incorporated by reference to Post-Effective Amendment No. 2 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (f) Amendment No. 1 dated as of December 5, 1989 to the Investment Advisory Agreement dated as of January 20, 1989 between the Registrant and AmSouth Bank, N.A. -- incorporated by reference to Post-Effective Amendment No. 4 C-2 5 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (6) (a) Distribution Agreement dated as of October 1, 1993 between the Registrant and The Winsbury Company -- incorporated by reference to Post-Effective Amendment No. 12 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (b) Amended Schedule to the Distribution Agreement between the Registrant and The Winsbury Company with respect to the Florida Tax-Free Fund -- incorporated by reference to Post-Effective Amendment No. 14 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (c) Form of Amended Schedule A to the Distribution Agreement between the Registrant and The Winsbury Company Limited Partnership -- incorporated by reference to Post-Effective Amendment No. 20 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (d) Dealer Agreement between The Winsbury Company and AmSouth Investment Services, Inc. -- incorporated by reference to Post-Effective Amendment No. 5 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (e) Dealer Agreement between The Winsbury Company and National Financial Services Corporation -- incorporated by reference to Post-Effective Amendment No. 5 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (f) Dealer Agreement between The Winsbury Company and AmSouth Bank N.A. -- incorporated by reference to Post- Effective Amendment No. 5 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (7) None. C-3 6 (8) (a) Custodial Services Agreement dated as of May 25, 1995 between the Registrant and Bank of California, N.A. -- incorporated by reference to Post-Effective Amendment No. 17 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (b) Form of Schedule A to the Custodian Agreement between the Registrant and Bank of California, N.A. -- incorporated by reference to Post-Effective Amendment No. 20 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (c) Form of Custodian Agreement between the Registrant and AmSouth Bank of Alabama -- incorporated by reference to Post-Effective Amendment No. 19 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (9) (a) Management and Administration Agreement dated as of April 1, 1996 between the Registrant and ASO Services Company -- incorporated by reference to Post-Effective Amendment No. 19 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (b) Form of Amended Schedule A to the Management and Administration Agreement between the Registrant and ASO Services Company -- incorporated by reference to Post-Effective Amendment No. 20 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (c) Sub-Administration Agreement between ASO Services Company and AmSouth Bank of Alabama -- incorporated by reference to Post-Effective Amendment No. 19 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (d) Form of Amended Schedules A and B to the Sub- Administration Agreement between ASO Services Company and AmSouth Bank of Alabama -- incorporated by reference to Post-Effective Amendment No. 20 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). C-4 7 (e) Sub-Administration Agreement between ASO Services Company and BISYS -- incorporated by reference to Post- Effective Amendment No. 19 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (f) Form of Amended Schedules A and B to the Sub- Administration Agreement between ASO Services Company and BISYS Fund Services -- incorporated by reference to Post-Effective Amendment No. 20 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (g) Transfer Agency and Shareholder Service Agreement dated as of January 16, 1989 between the Registrant and The Winsbury Service Corporation) -- incorporated by reference to Post-Effective Amendment No. 3 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (h) Amended Schedule D dated as of April 5, 1993 to the Transfer Agency and Shareholder Services Agreement between the Registrant and The Winsbury Service Corporation -- incorporated by reference to Post-Effective Amendment No. 13 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (i) Amended Schedule to the Transfer Agency and Shareholder Services Agreement between the Registrant and The Winsbury Service Corporation with respect to the Florida Tax-Free Fund -- incorporated by reference to Post-Effective Amendment No. 14 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (j) Form of Amended Schedule A to the Transfer Agency and Shareholder Services Agreement between Registrant and the Winsbury Service Corporation -- incorporated by reference to Post-Effective Amendment No. 20 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (k) Fund Accounting Agreement dated as of April 1, 1996 between the Registrant and BISYS Fund Services -- incorporated by reference to Post-Effective Amendment C-5 8 No. 19 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (l) Form of Amended Schedule A to the Fund Accounting Agreement between the Registrant and BISYS Fund Services, Inc. -- incorporated by reference to Post-Effective Amendment No. 20 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (10) Opinion of Ropes & Gray -- incorporated by reference to Pre-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (11) (a) Consent of Coopers & Lybrand L.L.P. is filed herewith. (b) Consent of Ropes & Gray is filed herewith. (12) None. (13) (a) Purchase Agreement between the Registrant and Winsbury Associates incorporated by reference to Post-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (b) Purchase Agreement between the Registrant and Winsbury Associates dated October 31, 1991 incorporated by reference to Post-Effective Amendment No. 7 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (c) Purchase Agreement between the Registrant and Winsbury Associates relating to the Alabama Tax-Free Fund and the Government Income Fund is incorporated by reference to Post-Effective Amendment No. 11 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (d) Purchase Agreement between the Registrant and Winsbury Service Corporation relating to the Florida Tax-Free Fund is incorporated by reference to Post-Effective Amendment No. 13 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). C-6 9 (14) None. (15) None. (16) Performance Calculation Schedules are incorporated by reference to Post-Effective Amendment No. 16 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (17) (a) Financial Data Schedule for the AmSouth Prime Obligations Fund - Premier Shares (b) Financial Data Schedule for the AmSouth U.S. Treasury Fund - Premier Shares (c) Financial Data Schedule for the AmSouth Tax Exempt Fund - Premier Shares (d) Financial Data Schedule for the AmSouth Prime Obligations Fund -- Classic Shares (e) Financial Data Schedule for the AmSouth U.S. Treasury Fund -- Classic Shares (f) Financial Data Schedule for the AmSouth Tax-Exempt Fund -- Classic Shares (g) Financial Data Schedule for the AmSouth Equity Fund (h) Financial Data Schedule for the AmSouth Regional Equity Fund (i) Financial Data Schedule for the AmSouth Balanced Fund (j) Financial Data Schedule for the AmSouth Bond Fund (k) Financial Data Schedule for the AmSouth Limited Maturity Fund (l) Financial Data Schedule for the AmSouth Government Income Fund C-7 10 (m) Financial Data Schedule for the AmSouth Florida Tax-Free Fund (18) (a) Multiple Class Plan for the AmSouth Prime Obligations Fund, the AmSouth U.S. Treasury Fund and the AmSouth Tax Exempt Fund is incorporated by reference to Exhibit 18(a) to Post-Effective Amendment No. 18 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (b) Shareholder Servicing Plan for AmSouth Mutual Funds adopted by the Board of Trustees on December 6, 1995 is incorporated by reference to Exhibit 18(b) to Post-Effective Amendment No. 18 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). (c) Model Shareholder Servicing Agreement for AmSouth Mutual Funds adopted by the Board of Trustees on December 6, 1995 is incorporated by reference to Exhibit 18(c) to Post-Effective Amendment No. 18 to the Registrant's Registration Statement on Form N-1A (File No. 33-21660). - ------------- Item 25. Persons Controlled By or Under Common Control with Registrant As of the effective date of this Registration Statement, there are no persons controlled by or under common control with the Registrant's Prime Obligations Fund, Equity Fund, Regional Equity Fund, U.S. Treasury Fund, Tax Exempt Fund, Bond Fund, Limited Maturity Fund, Municipal Bond Fund, Government Income Fund, Florida Tax-Free Fund, or Balanced Fund. Item 26. Number of Holders of Securities As of January 31, 1997, the number of record holders of the Registrant's respective series of shares were as follows:
NUMBER OF TITLE OF SERIES RECORD HOLDERS Prime Obligations Fund -- Premier Shares 8
C-8 11 U.S. Treasury Fund -- Premier Shares 8 Tax Exempt Fund -- Premier Shares 4 Prime Obligations Fund -- Classic Shares 23 U.S. Treasury Fund -- Classic Shares 13 Tax-Exempt Fund -- Classic Shares 16 Equity Fund 2,888 Regional Equity Fund 3,198 Bond Fund 357 Limited Maturity Fund 154 Municipal Bond Fund 0 Balanced Fund 2,744 Government Income Fund 496 Florida Tax-Free Fund 58
Item 27. Indemnification Article VIII, Sections 1 and 2 of the Registrant's Declaration of Trust provides as follows: "Trustees, Officers, etc. Section 1. The Trust shall indemnify each of its Trustees and officers (including persons who serve at the Trust's request as directors, officers or trustees of another organization in which the Trust has any interest as a shareholder, creditor or otherwise) (hereinafter referred to as a "Covered Person") against all liabilities and expenses, including but not limited to amounts paid in satisfaction of judgments, in compromise or as fines and penalties, and counsel fees reasonably incurred by any Covered Person in connection with the defense or disposition of any action, suit or other C-9 12 proceeding, whether civil or criminal, before any court or administrative or legislative body, in which such Covered Person may be or may have been involved as a party or otherwise or with which such Covered Person may be or may have been threatened, while in office or thereafter, by reason of being or having been such a Covered Person except with respect to any matter as to which such Covered Person shall have been finally adjudicated in any such action, suit or other proceeding to be liable to the Trust or its Shareholders by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of such Covered Person's office. Expenses, including counsel fees so incurred by any such Covered Person (but excluding amounts paid in satisfaction of judgments, in compromise or as fines or penalties), shall be paid from time to time by the Trust in advance of the final disposition of any such action, suit or proceeding upon receipt of an undertaking by or on behalf of such Covered Person to repay amounts so paid to the Trust if it is ultimately determined that indemnification of such expenses is not authorized under this Article, provided, however, that either (a) such Covered Person shall have provided appropriate security for such undertaking, (b) the Trust shall be insured against losses arising from any such advance payments or (c) either a majority of the disinterested Trustees acting on the matter (provided that a majority of the disinterested Trustees then in office act on the matter), or independent legal counsel in a written opinion, shall have determined, based upon a review of readily available facts (as opposed to a full trial type inquiry) that there is reason to believe that such Covered Person will be found entitled to indemnification under this Article. Compromise Payment Section 2. As to any matter disposed of (whether by a compromise payment, pursuant to a consent decree or otherwise) without an adjudication by a court, or by any other body before which the proceeding was brought, that such Covered Person either (a) did not act in good faith in the reasonable belief that his action was in the best interests of the Trust or (b) is liable to the Trust or its Shareholders by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his or her office, indemnification shall be provided if (a) approved as in the best interests of the Trust, after notice that it involves such indemnification, by at least a majority of the disinterested Trustees acting on the matter (provided that a majority of the disinterested Trustees then in office act on the matter) upon a determination, based upon a review of readily available facts (as opposed to a full trial type inquiry) that such Covered Person acted in good faith in the reasonable belief that his action was in the best interests of the Trust and is not liable to the Trust or its Shareholders by reasons of willful misfeasance, bad faith, gross negligence C-10 13 or reckless disregard of the duties involved in the conduct of his or her office, or (b) there has been obtained an opinion in writing of independent legal counsel, based upon a review of readily available facts (as opposed to a full trial type inquiry) to the effect that such Covered Person appears to have acted in good faith in the reasonable belief that his action was in the best interests of the Trust and that such indemnification would not protect such Person against any liability to the Trust to which he would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his office. Any approval pursuant to this Section shall not prevent the recovery from any Covered Person of any amount paid to such Covered Person in accordance with this Section as indemnification if such Covered Person is subsequently adjudicated by a court of competent jurisdiction not to have acted in good faith in the reasonable belief that such Covered Person's action was in the best interests of the Trust or to have been liable to the Trust or its Shareholders by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of such Covered Person's office." Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to trustees, officers, and controlling persons of Registrant pursuant to the foregoing provisions, or otherwise, Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by Registrant of expenses incurred or paid by a trustee, officer, or controlling person of Registrant in the successful defense of any action, suit, or proceeding) is asserted by such trustee, officer, or controlling person in connection with the securities being registered, Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. Indemnification for the Group's principal underwriter is provided for in the Distribution Agreement incorporated herein by reference as Exhibits 6(a). In addition, the Trust maintains a directors and officer liability insurance policy with a maximum coverage of $3,000,000. C-11 14 Item 28. Business and Other Connections of Investment Advisor. AmSouth Bank of Alabama ("AmSouth") is the investment advisor of each Fund of the Trust. AmSouth is the principal bank affiliate of AmSouth Bancorporation, one of the largest banking institutions headquartered in the mid-south region. AmSouth Bancorporation reported assets as of December 31, 1996 of $18.4 billion and operated 272 banking offices in Alabama, Florida, Georgia and Tennessee. AmSouth has provided investment management services through its Trust Investment Department since 1915. As of December 31, 1996, AmSouth and its affiliates had over $7.1 billion in assets under discretionary management and provided custody services for an additional $13.4 billion in securities. AmSouth is the largest provider of trust services in Alabama. AmSouth serves as administrator for over $12 billion in bond issues, and its Trust Natural Resources and Real Estate Department is a major manager of timberland, mineral, oil and gas properties and other real estate interests. There is set forth below information as to any other business, vocation or employment of a substantial nature (other than service in wholly-owned subsidiaries or the parent corporation of AmSouth Bank) in which each director or senior officer of the Registrant's investment adviser is, or at any time during the past two fiscal years has been, engaged for his own account or in the capacity of director, officer, employee, partner or trustee. Name and Position with Other business, profession, AmSouth Bank of Alabama AmSouth Bank vocation, or employment George W. Barber, Jr. Chairman of the Board, Barber Dairies, Inc., Director 39 Barber Ct., Birmingham, Alabama William D. Biggs Real Estate Investments Director William J. Cabaniss, Jr. President, Precision Grinding Inc., Director P.O. Box 19925, Birmingham, Alabama M. Miller Gorrie President and Chief Executive Officer, Director Brasfield and Gorrie General Contractor Inc., 729 30th Street South, Birmingham, Alabama C-12 15 James I. Harrison, Jr. President and Chief Executive Officer, Harco, Director Inc., 3925 Rice Mine Road, Tuscaloosa, Alabama Mrs. H. Taylor Morrisette HTM Investment & Development, Inc., 3 Director Taylor Place, Mobile, Alabama C. Dowd Ritter None Director, Chairman, President and Chief Executive Officer Michael C. Baker None Senior Executive Vice President David B. Edmonds None Executive Vice President James W. Emison None Executive Vice President Sloan D. Gibson, IV None Senior Executive Vice President O.B. Grayson Hall, Jr. None Executive Vice President Kristen M. Hudak None Senior Executive Vice President and Chief Financial Officer John D. Kottmeyer None Executive Vice President and Treasurer W. Charles Mayer, III None Director and Senior Executive Vice President Candice W. Rogers None Senior Executive Vice President
C-13 16 Robert R. Windelspecht None Executive Vice President and Controller Stephen A. Yoder None Executive Vice President and General Counsel Item 29. Principal Underwriter. (a) BISYS Fund Services, Limited Partnership ("BISYS Fund Services"), formerly The Winsbury Company, acts as distributor for the Registrant. BISYS Fund Services also distributes the securities of HighMark Funds, The Parkstone Group of Funds, The Victory Portfolios, The Sessions Group, the Conestoga Family of Funds, the American Performance Funds, The Arch Fund, Inc., the BB&T Mutual Funds Group, the Marketwatch Funds, The Coventry Group, The Pacific Capital Funds, the MMA Praxis Mutual Funds, The Riverfront Funds, Inc., the Qualivest Funds and the Summit Investment Trust, each of which is a management investment company. The parent of BISYS Fund Services is The BISYS Group, Inc. (b) Partners of BISYS Fund Services as of the date of this filing are as follows:
Positions and offices with Positions and Name and Principal BISYS Fund Services, Offices with Business Addresses Limited Partnership the Registrant BISYS Fund Services, Sole General None Limited Partnership Partner 3435 Stelzer Road Columbus, OH 43219 WC Subsidiary Sole Limited None Corporation Partner 150 Clove Road Little Falls, NJ 07424 The BISYS Group, Inc. Sole Shareholder None 150 Clove Road Little Falls, NJ 07424
C-14 17 Item 30. Location of Accounts and Records Persons maintaining physical possession of accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the rules promulgated thereunder are as follows: (1) AmSouth Mutual Funds 3435 Stelzer Road Columbus, Ohio 43219 Attention: Secretary (Registrant) (2) AmSouth Bank of Alabama 1901 Sixth Avenue - North Birmingham, Alabama 35203 Attention: Trust Investments (Investment Advisor) (3) BISYS Fund Services, Limited Partnership 3435 Stelzer Road Columbus, Ohio 43219 (Distributor) (4) ASO Services Company 3435 Stelzer Road Columbus, Ohio 43219 (Administrator) (5) Union Bank of California, N.A. 475 Sansome Street San Francisco, CA 94111 (Custodian) (6) BISYS Fund Services Ohio, Inc. 3435 Stelzer Road Columbus, Ohio 43219 (Transfer and Shareholder Servicing Agent, Provider of Fund Accounting Services) Item 31. Management Services None. C-15 18 Item 32. Undertakings The Registrant hereby undertakes to call a meeting of shareholders for the purpose of voting upon the question of removal of one or more trustees when requested to do so by the holders of at least 10% of the outstanding voting shares of any series of the Trust and will assist in shareholder communication in connection with calling a meeting for the purpose of removing one or more trustees. The Registrant undertakes to furnish to each person to whom a prospectus is delivered a copy of the Registrant's latest annual report to shareholders upon request and without charge. C-16 19 SIGNATURES Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this Amendment No. 22 to the Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Amendment No. 22 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Washington, District of Columbia on the 20th day of February, 1997. AMSOUTH MUTUAL FUNDS, Registrant */s/ Sean M. Kelly -------------------- Sean M. Kelly President Pursuant to the requirements of the Securities Act of 1933, this Amendment No. 22 to the Registration Statement of AmSouth Mutual Funds has been signed below by the following persons in the capacities indicated on the 20th day of February, 1997.
Signature Title Date */s/ J. David Huber Trustee February 20, 1997 - ------------------------------------ J. David Huber */s/ Sean M. Kelly Chairman, President February 20, 1997 - ------------------------------------ Sean M. Kelly */s/ Kevin Martin Treasurer February 20, 1997 - ------------------------------------ Kevin Martin */s/ James H. Woodward, Jr. Trustee February 20, 1997 - ------------------------------------ James H. Woodward, Jr. */s/ Homer H. Turner, Jr. Trustee February 20, 1997 - ------------------------------------ Homer H. Turner, Jr. */s/ Wendell D. Cleaver Trustee February 20, 1997 - ------------------------------------ Wendell D. Cleaver
C-17 20 */s/ Dick D. Briggs, Jr. Trustee February 20, 1997 - ------------------------------------ Dick D. Briggs, Jr. * By /s/ Alan G. Priest February 20, 1997 ------------------------------- Alan G. Priest, Attorney-in-fact, pursuant to Powers of Attorney filed herewith C-18 21 POWER OF ATTORNEY Dick D. Briggs, Jr. whose signature appears below, does hereby constitute and appoint Martin E. Lybecker, Alan G. Priest, and Margaret A. Sheehan, each individually, his true and lawful attorneys and agents, with power of substitution or resubstitution, to do any and all acts and things and to execute any and all instruments which said attorneys and agents, each individually, may deem necessary or advisable or which may be required to enable AmSouth Mutual Funds (the "Trust"), to comply with the Investment Company Act of 1940, as amended, and the Securities Act of 1933, as amended ("Acts"), and any rules, regulations or requirements of the Securities and Exchange Commission in respect thereof, in connection with the filing and effectiveness of any and all amendments to the Trust's Registration Statement on Form N-1A pursuant to said Acts, including specifically, but without limiting the generality of the foregoing, the power and authority to sign in the name and on behalf of the undersigned as a trustee Dick D. Briggs, Jr. and/or officer of the Trust any and all such amendments filed with the Securities and Exchange Commission under said Acts, and any other instruments or documents related thereto, and the undersigned does hereby ratify and confirm all that said attorneys and agents, or either of them, shall do or cause to be done by virtue thereof. Dated: 12 October 1993 /s/ Dick D. Briggs, Jr. -------------------------- Dick D. Briggs, Jr. 22 POWER OF ATTORNEY Wendell D. Cleaver whose signature appears below, does hereby constitute and appoint Martin E. Lybecker, Alan G. Priest, and Margaret A. Sheehan, each individually, his true and lawful attorneys and agents, with power of substitution or resubstitution, to do any and all acts and things and to execute any and all instruments which said attorneys and agents, each individually, may deem necessary or advisable or which may be required to enable AmSouth Mutual Funds (the "Trust"), to comply with the Investment Company Act of 1940, as amended, and the Securities Act of 1933, as amended ("Acts"), and any rules, regulations or requirements of the Securities and Exchange Commission in respect thereof, in connection with the filing and effectiveness of any and all amendments to the Trust's Registration Statement on Form N-1A pursuant to said Acts, including specifically, but without limiting the generality of the foregoing, the power and authority to sign in the name and on behalf of the undersigned as a trustee Wendell D. Cleaver and/or officer of the Trust any and all such amendments filed with the Securities and Exchange Commission under said Acts, and any other instruments or documents related thereto, and the undersigned does hereby ratify and confirm all that said attorneys and agents, or either of them, shall do or cause to be done by virtue thereof. Dated: October 7, 1993 /s/ Wendell Cleaver --------------------- Wendell D. Cleaver 23 POWER OF ATTORNEY J. David Huber whose signature appears below, does hereby constitute and appoint Martin E. Lybecker, Alan G. Priest, and Margaret A. Sheehan, each individually, his true and lawful attorneys and agents, with power of substitution or resubstitution, to do any and all acts and things and to execute any and all instruments which said attorneys and agents, each individually, may deem necessary or advisable or which may be required to enable AmSouth Mutual Funds (the "Trust"), to comply with the Investment Company Act of 1940, as amended, and the Securities Act of 1933, as amended ("Acts"), and any rules, regulations or requirements of the Securities and Exchange Commission in respect thereof, in connection with the filing and effectiveness of any and all amendments to the Trust's Registration Statement on Form N-1A pursuant to said Acts, including specifically, but without limiting the generality of the foregoing, the power and authority to sign in the name and on behalf of the undersigned as a trustee J. David Huber and/or officer of the Trust any and all such amendments filed with the Securities and Exchange Commission under said Acts, and any other instruments or documents related thereto, and the undersigned does hereby ratify and confirm all that said attorneys and agents, or either of them, shall do or cause to be done by virtue thereof. Dated: 9/25/92 /s/ J. David Huber ---------------------- J. David Huber 24 POWER OF ATTORNEY William J. Tomko whose signature appears below, does hereby constitute and appoint Martin E. Lybecker, Alan G. Priest, and Margaret A. Sheehan, each individually, his true and lawful attorneys and agents, with power of substitution or resubstitution, to do any and all acts and things and to execute any and all instruments which said attorneys and agents, each individually, may deem necessary or advisable or which may be required to enable AmSouth Mutual Funds (the "Trust"), to comply with the Investment Company Act of 1940, as amended, and the Securities Act of 1933, as amended ("Acts"), and any rules, regulations or requirements of the Securities and Exchange Commission in respect thereof, in connection with the filing and effectiveness of any and all amendments to the Trust's Registration Statement on Form N-1A pursuant to said Acts, including specifically, but without limiting the generality of the foregoing, the power and authority to sign in the name and on behalf of the undersigned as a trustee William J. Tomko and/or officer of the Trust any and all such amendments filed with the Securities and Exchange Commission under said Acts, and any other instruments or documents related thereto, and the undersigned does hereby ratify and confirm all that said attorneys and agents, or either of them, shall do or cause to be done by virtue thereof. Dated: 9/25/92 /s/ William J. Tomko ---------------------- William J. Tomko 25 POWER OF ATTORNEY James H. Woodward, Jr. whose signature appears below, does hereby constitute and appoint Martin E. Lybecker, Alan G. Priest, and Margaret A. Sheehan, each individually, his true and lawful attorneys and agents, with power of substitution or resubstitution, to do any and all acts and things and to execute any and all instruments which said attorneys and agents, each individually, may deem necessary or advisable or which may be required to enable AmSouth Mutual Funds (the "Trust"), to comply with the Investment Company Act of 1940, as amended, and the Securities Act of 1933, as amended ("Acts"), and any rules, regulations or requirements of the Securities and Exchange Commission in respect thereof, in connection with the filing and effectiveness of any and all amendments to the Trust's Registration Statement on Form N-1A pursuant to said Acts, including specifically, but without limiting the generality of the foregoing, the power and authority to sign in the name and on behalf of the undersigned as a trustee James H. Woodward, Jr. and/or officer of the Trust any and all such amendments filed with the Securities and Exchange Commission under said Acts, and any other instruments or documents related thereto, and the undersigned does hereby ratify and confirm all that said attorneys and agents, or either of them, shall do or cause to be done by virtue thereof. Dated: 9/25/92 /s/ James H. Woodward, Jr. -------------------------- James H. Woodward, Jr. 26 POWER OF ATTORNEY Homer H. Turner, Jr. whose signature appears below, does hereby constitute and appoint Martin E. Lybecker, Alan G. Priest, and Margaret A. Sheehan, each individually, his true and lawful attorneys and agents, with power of substitution or resubstitution, to do any and all acts and things and to execute any and all instruments which said attorneys and agents, each individually, may deem necessary or advisable or which may be required to enable AmSouth Mutual Funds (the "Trust"), to comply with the Investment Company Act of 1940, as amended, and the Securities Act of 1933, as amended ("Acts"), and any rules, regulations or requirements of the Securities and Exchange Commission in respect thereof, in connection with the filing and effectiveness of any and all amendments to the Trust's Registration Statement on Form N-1A pursuant to said Acts, including specifically, but without limiting the generality of the foregoing, the power and authority to sign in the name and on behalf of the undersigned as a trustee Homer H. Turner, Jr. and/or officer of the Trust any and all such amendments filed with the Securities and Exchange Commission under said Acts, and any other instruments or documents related thereto, and the undersigned does hereby ratify and confirm all that said attorneys and agents, or either of them, shall do or cause to be done by virtue thereof. Dated: September 25, 1992 /s/ Homer H. Turner, Jr. --------------------------- Homer H. Turner, Jr. 27 POWER OF ATTORNEY Sean M. Kelly whose signature appears below, does hereby constitute and appoint Martin E. Lybecker, Alan G. Priest, and Francoise M. Haan, each individually, his true and lawful attorneys and agents, with power of substitution or resubstitution, to do any and all acts and things and to execute any and all instruments which said attorneys and agents, each individually, may deem necessary or advisable or which may be required to enable AmSouth Mutual Funds (the "Trust"), to comply with the Investment Company Act of 1940, as amended, and the Securities Act of 1933, as amended ("Acts"), and any rules, regulations or requirements of the Securities and Exchange Commission in respect thereof, in connection with the filing and effectiveness of any and all amendments to the Trust's Registration Statement on Form N-1A pursuant to said Acts, including specifically, but without limiting the generality of the foregoing, the power and authority to sign in the name and on behalf of the undersigned as a trustee Sean M. Kelly and/or officer of the Trust any and all such amendments filed with the Securities and Exchange Commission under said Acts, and any other instruments or documents related thereto, and the undersigned does hereby ratify and confirm all that said attorneys and agents, or either of them, shall do or cause to be done by virtue thereof. Dated: 10/1/96 /s/ Sean M. Kelly -------------------------- Sean M. Kelly 28 POWER OF ATTORNEY Kevin Martin whose signature appears below, does hereby constitute and appoint Martin E. Lybecker, Alan G. Priest, and Francoise M. Haan, each individually, his true and lawful attorneys and agents, with power of substitution or resubstitution, to do any and all acts and things and to execute any and all instruments which said attorneys and agents, each individually, may deem necessary or advisable or which may be required to enable AmSouth Mutual Funds (the "Trust"), to comply with the Investment Company Act of 1940, as amended, and the Securities Act of 1933, as amended ("Acts"), and any rules, regulations or requirements of the Securities and Exchange Commission in respect thereof, in connection with the filing and effectiveness of any and all amendments to the Trust's Registration Statement on Form N-1A pursuant to said Acts, including specifically, but without limiting the generality of the foregoing, the power and authority to sign in the name and on behalf of the undersigned as a trustee and/or officer of the Trust any and all such amendments filed with the Securities and Exchange Commission under said Acts, and any other instruments or documents related thereto, and the undersigned does hereby ratify and confirm all that said attorneys and agents, or either of them, shall do or cause to be done by virtue thereof. Dated: 11/18/96 /s/ Kevin Martin ----------------------- Kevin Martin 29 EXHIBIT INDEX Exhibit No. Description Page 11(a) Consent of Coopers & Lybrand L.L.P. 11(b) Consent of Ropes & Gray 27(a) Financial Data Schedule for the AmSouth Prime Obligations Fund -- Premier Shares 27(b) Financial Data Schedule for the AmSouth U.S. Treasury Fund -- Premier Shares 27(c) Financial Data Schedule for the AmSouth Tax Exempt Fund -- Premier Shares 27(d) Financial Data Schedule for the AmSouth Prime Obligations Fund -- Classic Shares 27(e) Financial Data Schedule for the AmSouth U.S. Treasury Fund -- Classic Shares 27(f) Financial Data Schedule for the AmSouth Tax-Exempt Fund -- Classic Shares 27(g) Financial Data Schedule for the AmSouth Equity Fund 27(h) Financial Data Schedule for the AmSouth Regional Equity Fund 27(i) Financial Data Schedule for the AmSouth Balanced Fund 27(j) Financial Data Schedule for the AmSouth Bond Fund 27(k) Financial Data Schedule for the AmSouth Limited Maturity Fund 27(l) Financial Data Schedule for the AmSouth Government Income Fund 27(m) Financial Data Schedule for the AmSouth Florida Tax-Free Fund -1- EX-11.A 2 EXHIBIT 11(A) 1 EXHIBIT 11(a) CONSENT OF COOPERS & LYBRAND L.L.P. 2 CONSENT OF INDEPENDENT ACCOUNTANTS We consent to the incorporation by reference in this Post-Effective Amendment No. 22 to the Registration Statement on Form N-1A (File No. 33-21660) of AmSouth Mutual Funds of our report dated September 23, 1996 on our audits of the financial statements and financial highlights of the Prime Obligations Fund, the U.S. Treasury Fund, the Tax-Exempt Fund, the Bond Fund, the Limited Maturity Fund, the Government Income Fund, the Florida Tax-Free Fund, the Equity Fund, the Regional Equity Fund, and the Balanced Fund constituting the AmSouth Mutual Funds as of July 31, 1996 and for the periods then ended referred to in our report included in the Statement of Additional Information. We also consent to the references to our firm under the caption "Financial Highlights" in the Prospectus for the Capital Appreciation Funds relating to the Equity Fund, the Regional Equity Fund, the Balanced Fund, the Capital Growth Fund, the Small Cap Fund and the Equity Income Fund and under the caption "Auditors" in the Statement of Additional Information of AmSouth Mutual Funds incorporated by reference in Post-Effective Amendment No. 22 to the Registration Statement on Form N-1A (File No. 33-21660). COOPERS & LYBRAND L.L.P. Columbus, Ohio February 20, 1997 EX-11.B 3 EXHIBIT 11(B) 1 EXHIBIT 11(b) CONSENT OF ROPES & GRAY -4- 2 CONSENT OF COUNSEL We hereby consent to the use of our name and to the references to our firm under the caption "Legal Counsel" included in or made a part of the Post-Effective Amendment No. 22 to the Registration Statement of AmSouth Mutual Funds on Form N-1A under the Securities Act of 1933, as amended. /s/ Ropes & Gray ROPES & GRAY Washington, D.C. February 20, 1997 EX-27.A 4 EXHIBIT 27(A) WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 0000832544 AMSOUTH MUTUAL FUNDS 1 AMSOUTH MUTUAL FUNDS PRIME OBLIGATIONS FUND 1000 YEAR JUL-31-1996 AUG-01-1996 JUL-31-1996 550508 550508 2019 12 0 606411 0 0 0 2794 0 603626 125081 0 0 0 0 9 0 603617 0 35026 0 4411 30615 0 0 30615 0 1925 0 0 165419 191139 1963 (14056) 0 0 0 23 2460 0 4474 451643567 1.00 .050 0 .050 0 0 1.00 .072 0 0 Classic Shares
EX-27.B 5 EXHIBIT 27(B)
6 0000832544 AMSOUTH MUTUAL FUNDS 1 AMSOUTH MUTUAL FUNDS PRIME OBLIGATIONS FUND 1000 YEAR JUL-31-1996 AUG-01-1995 JUL-31-1996 550508 550508 2019 12 0 606411 0 0 0 2794 0 603626 478560 617696 0 0 0 9 0 603617 0 35026 0 4411 30615 0 0 30615 0 28690 0 0 1388943 1384702 5460 (14056) 0 0 0 23 2460 0 4474 489982668 1.00 .016 0 .016 0 0 1.00 .071 0 0 Premier Shares
EX-27.C 6 EXHIBIT 27(C)
6 0000832544 AMSOUTH MUTUAL FUNDS 10 AMSOUTH MUTUAL FUNDS FLORIDA TAX FREE FUND 1000 YEAR JUL-31-1996 AUG-01-1995 JUL-31-1996 47077 48257 637 1 0 48895 0 0 26 26 0 47495 4745 4683 124 0 70 0 1180 48869 0 2404 0 287 2117 97 (169) 2045 0 2107 20 0 1023 974 13 536 114 0 0 7 318 0 507 48936678 10.32 .45 (.01) .45 .01 0 10.30 .59 0 0
EX-27.D 7 EXHIBIT 27(D) WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 0000832544 AMSOUTH MUTUAL FUNDS 2 AMSOUTH MUTUAL FUNDS U.S. TREASURY FUND 1000 YEAR JUL-31-1996 AUG-01-1995 JUL-31-1996 288046 288046 1455 7 0 382118 0 0 1693 1693 0 0 12262 0 0 0 1 0 0 380425 0 21946 0 2817 19129 0 0 19129 0 204 0 0 9207 13986 222 57486 0 1 0 0 1589 0 2824 271727685 1.00 .048 0 .048 0 0 1.00 .71 0 0 Classic Shares
EX-27.E 8 EXHIBIT 27(E)
6 0000832544 AMSOUTH MUTUAL FUNDS 2 AMSOUTH MUTUAL FUNDS U.S. TREASURY FUND 1000 YEAR JUL-31-1996 AUG-01-1995 JUL-31-1996 288046 288046 1455 7 0 382118 0 0 1693 1693 0 0 368161 322939 0 0 1 0 0 380425 0 21946 0 2817 19129 0 0 19129 0 18925 0 0 1088791 1028499 1751 57486 0 1 0 0 1589 0 2824 376454472 1.00 .015 0 .015 0 0 1.00 .72 0 0 Premier Shares
EX-27.F 9 EXHIBIT 27(F)
6 0000832544 AMSOUTH MUTUAL FUNDS 3 AMSOUTH MUTUAL FUNS BOND FUND 1000 YEAR JUL-31-1996 AUG-01-1995 JUL-31-1996 130877 129980 2807 2 0 132789 0 0 52 52 0 133287 12598 8740 487 0 0 140 (897) 132737 0 7522 0 817 6705 (140) (2348) 4217 0 6517 1025 0 5396 2005 467 38066 298 1026 0 0 712 0 1070 109584921 10.83 .65 (.18) .65 .11 0 10.54 .75 0 0
EX-27.G 10 EXHIBIT 27(G)
6 0000832544 AMSOUTH MUTUAL FUNDS 4 AMSOUTH MUTUAL FUNDS EQUITY FUND 1000 YEAR JUL-31-1996 AUG-01-1996 JUL-31-1996 320099 374192 1065 11 0 375268 379 0 267 646 0 303678 21256 16466 260 0 16591 0 54093 374622 8258 1532 0 3471 6319 20434 6857 33610 0 6326 10800 0 8082 3888 597 98865 267 6957 0 0 2707 0 3780 338896872 16.75 .33 1.48 .33 .61 0 17.62 1.02 0 0
EX-27.H 11 EXHIBIT 27(H)
6 0000832544 AMSOUTH MUTUAL FUNDS 5 AMSOUTH MUTUAL FUNDS REGIONAL EQUITY 1000 YEAR JUL-31-1996 AUG-01-1995 JUL-31-1996 75423 93564 125 2 0 93691 0 0 107 107 0 74248 4467 3617 20 0 1175 0 18141 93584 1583 387 0 880 1090 1891 6486 9467 0 1069 755 0 1277 482 55 25083 0 39 3 0 671 0 948 83807109 18.94 .26 2.20 .26 .19 0 20.95 1.05 0 0
EX-27.I 12 EXHIBIT 27(I)
6 0000832544 AMSOUTH MUTUAL FUNDS 6 AMSOUTH MUTUAL FUND LIMITED MATURITY 1000 YEAR JUL-31-1996 AUG-01-1995 JUL-31-1996 45837 45265 766 2 0 46033 0 0 28 28 0 47893 4462 5745 152 0 0 1468 (572) 46005 0 3652 0 446 3206 (229) (275) 2702 0 3269 0 0 1602 3036 150 (13793) 198 0 0 1222 380 0 580 58505534 10.41 .58 (.10) .58 0 0 10.31 .76 0 0
EX-27.J 13 EXHIBIT 27(J) WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 0000832544 AMSOUTH MUTUAL FUND 7 AMSOUTH MUTUAL FUND TAX EXEMPT 1000 YEAR JUL-31-1996 AUG-01-1995 JUL-31-1996 60387 60387 525 2 0 60914 0 0 187 187 0 60727 17116 0 0 0 0 0 0 60727 0 2434 0 366 2068 0 0 2068 0 (140) 0 0 9803 9019 143 3087 0 0 0 0 267 0 506 50678213 1.00 .031 0 .031 0 0 1.00 .54 0 0 Classic Shares
EX-27.K 14 EXHIBIT 27(K)
6 0000832544 AMSOUTH MUTUAL FUND 7 AMSOUTH MUTUAL FUND TAX EXEMPT 1000 YEAR JUL-31-1996 AUG-01-1995 JUL-31-1996 60387 60387 525 2 0 60914 0 0 187 187 0 60727 43611 57640 0 0 0 0 0 60727 0 2434 0 366 2068 0 0 2068 0 (1928) 0 0 129166 127394 388 3087 0 0 0 0 267 0 506 47969525 1.00 .010 0 .010 0 0 1.00 .58 0 0 Premier Shares
EX-27.L 15 EXHIBIT 27(L)
6 0000832544 AMSOUTH MUTUAL FUNDS 8 AMSOUTH MUTUAL FUNDS BALANCED FUND 1000 YEAR JUL-31-1996 AUG-01-1995 JUL-31-1996 302295 334850 3822 16 0 338688 0 0 263 263 0 293043 25965 23161 659 0 12168 0 32555 338425 4562 10340 0 3173 11729 14292 (568) 25453 0 11638 7465 0 7104 5449 1148 42916 568 5341 0 0 2598 0 3602 324803423 12.76 .47 .58 .47 .31 0 13.03 .98 0 0
EX-27.M 16 EXHIBIT 27(M)
6 0000832544 AMSOUTH MUTUAL FUNDS 9 AMSOUTH MUTUAL FUNDS GOVERNMENT INCOME FUND 1000 YEAR JUL-31-1996 AUG-01-1995 JUL-31-1996 15971 15724 144 2 0 15870 0 0 118 118 0 16591 1676 1748 0 0 0 592 (247) 15752 0 1312 0 114 1198 (352) (9) 837 0 1089 0 10 584 715 60 (927) 102 0 0 451 114 0 193 17593048 9.54 .66 (.20) .59 0 .01 9.40 .65 0 0
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