POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS,  that Costas Azariadis  constitutes and appoints
John Y. Keffer,  Dana A. Lukens,  Leslie K. Klenk, Robert J. Zutz, and R Darrell
Mounts and each of them to act severally as  attorneys-in-fact  and agents, with
full power of substitution  and  resubstitution,  for the undersigned in any and
all capacities to sign the  Registration  Statement of Core Trust (Delaware) and
Monarch  Funds,  and any amendments  thereto,  on Form N-1A or Form N-14, and to
file the  same,  with  exhibits  thereto,  and  other  documents  in  connection
therewith,  with the Securities and Exchange  Commission,  hereby  ratifying and
confirming all that said attorneys-in-fact, and their substitute or substitutes,
may do or cause to be done by virtue hereof.

                                                /S/ COSTAS AZARIADIS
                                                --------------------------------
                                                Costas Azariadis

Dated:  March 21, 2003





                                POWER OF ATTORNEY

KNOW ALL MEN BY THESE  PRESENTS,  that James C. Cheng  constitutes  and appoints
John Y. Keffer,  Dana A. Lukens,  Leslie K. Klenk, Robert J. Zutz, and R Darrell
Mounts and each of them to act severally as  attorneys-in-fact  and agents, with
full power of substitution  and  resubstitution,  for the undersigned in any and
all capacities to sign the  Registration  Statement of Core Trust  (Delaware) or
Monarch  Funds,  and any amendments  thereto,  on Form N-1a or Form N-14, and to
file the  same,  with  exhibits  thereto,  and  other  documents  in  connection
therewith,  with the Securities and Exchange  Commission,  hereby  ratifying and
confirming all that said attorneys-in-fact, and their substitute or substitutes,
may do or cause to be done by virtue hereof.

                                                /S/ JAMES C. CHENG
                                                --------------------------------
                                                James C. Cheng

Dated:  March 21, 2003





                                POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS,  that J. Michael Parish constitutes and appoints
John Y. Keffer,  Dana A. Lukens,  Leslie K. Klenk, Robert J. Zutz, and R Darrell
Mounts and each of them to act severally as  attorneys-in-fact  and agents, with
full power of substitution  and  resubstitution,  for the undersigned in any and
all capacities to sign the Registration Statement of Core Trust (Delaware),  and
any amendments  thereto,  on Form N-1A or Form N-14, and to file the same,  with
exhibits  thereto,  and  other  documents  in  connection  therewith,  with  the
Securities  and Exchange  Commission,  hereby  ratifying and confirming all that
said attorneys-in-fact,  and their substitute or substitutes, may do or cause to
be done by virtue hereof.

                                                /S/ J. MICHAEL PARISH
                                                --------------------------------
                                                J. Michael Parish

Dated:  March 21, 2003





                                POWER OF ATTORNEY

KNOW ALL MEN BY THESE  PRESENTS,  that John Y. Keffer  constitutes  and appoints
Dana A. Lukens,  Leslie K. Klenk,  Robert J. Zutz, and R Darrell Mounts and each
of them to act  severally as  attorneys-in-fact  and agents,  with full power of
substitution and  resubstitution,  for the undersigned in any and all capacities
to sign the  Registration  Statement of Core Trust  (Delaware) or Monarch Funds,
and any  amendments  thereto,  on Form N-1A or Form N-14,  and to file the same,
with exhibits  thereto,  and other documents in connection  therewith,  with the
Securities  and Exchange  Commission,  hereby  ratifying and confirming all that
said attorneys-in-fact,  and their substitute or substitutes, may do or cause to
be done by virtue hereof.

                                                /S/ JOHN Y. KEFFER
                                                --------------------------------
                                                John Y. Keffer

Dated:  March 21, 2003