IMG MUTUAL FUNDS, INC.


                                  EXHIBIT # 16

                                       TO

                          PRE-EFFECTIVE AMENDMENT NO. 1

                                       TO

                        FORM N-14 REGISTRATION STATEMENT





                                POWER OF ATTORNEY


         We, the undersigned  officers and directors of IMG Mutual Funds,  Inc.,
hereby severally  constitute David W. Miles and Mark A McClurg, and each of them
as true and lawful attorneys with full power to sign for us and in our names, in
the capacities  indicated  below,  the Form N-14  Registration  Statement of IMG
Mutual Funds, Inc., to be filed with the Securities and Exchange Commission, and
any and all amendments  thereto,  hereby ratifying and confirming our signatures
as they may be  signed  by our said  attorneys,  or any of them,  to any and all
amendments to said Registration Statement. Dated this 3rd day of November 1997.



         Signature                         Title


 /s/ David W. Miles              Director
         David W. Miles

  /s/ Mark A. McClurg            President, Principal Executive Officer,
         Mark A. McClurg         Principal Financial and Accounting Officer 
                                 and Director

 /s/ Johnny Danos                Director
         Johnny Danos

 /s/ Debra Johnson               Director
         Debra Johnson

 /s/ Edward Stanek               Director
         Edward Stanek