EXHIBIT 16(16)

                                POWER OF ATTORNEY

         KNOW ALL MEN BY THESE PRESENTS,  that Costas Azariadis  constitutes and
appoints John Y. Keffer, David I. Goldstein and Anthony C. J. Nuland 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,  and any amendments thereto, on Form N-14 of
Forum Funds,  or Form N-1A of Forum Funds,  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:  April 2, 1998






                                POWER OF ATTORNEY

         KNOW ALL MEN BY THESE  PRESENTS,  that James C. Cheng  constitutes  and
appoints John Y. Keffer, David I. Goldstein and Anthony C. J. Nuland 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,  and any amendments thereto, on Form N-14 of
Forum Funds,  or Form N-1A of Forum Funds,  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:  April 2, 1998






                                POWER OF ATTORNEY

         KNOW ALL MEN BY THESE PRESENTS,  that J. Michael Parish constitutes and
appoints John Y. Keffer, David I. Goldstein and Anthony C. J. Nuland 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,  and any amendments thereto, on Form N-14 of
Forum Funds,  or Form N-1A of Forum Funds,  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:  April 2, 1998






                                POWER OF ATTORNEY

         KNOW ALL MEN BY THESE  PRESENTS,  that John Y. Keffer  constitutes  and
appoints  David I.  Goldstein  and  Anthony C. J. Nuland 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, and any amendments thereto, on Form N-14 of Forum Funds,
or Form N-1A of Forum Funds,  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:  April 2, 1998