Form 8-K for Wexford Trust



             SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C.  20549
                              
                          FORM 8-K
                              
                       CURRENT REPORT

             Pursuant to Section 13 or 15(d) of
             The Securities Exchange Act of 1934

                              
                              
 Date of Report (Date of earliest event reported): December 5, 1997
                              
                        WEXFORD TRUST
   ------------------------------------------------------
   (Exact name of Registrant as specified in its charter)
                              
                                   33-20158
         MASSACHUSETTS             811-5469          25-6297791
       ---------------             ------------      ----------
    (State or other jurisdiction  (Commission file #) (I.R.S. ID #)
       (I.R.S. employment of incorporation)    
           
                              
                              
           12300 Perry Highway, Wexford, PA 15090
          ----------------------------------------
          (Address of principal executive offices)
                              
                       (412) 935-5520
     --------------------------------------------------
     Registrant's telephone number, including area code
                              
                              
                       Not Applicable
------------------------------------------------------------
                              -
    (Former name or former address, if changed since last
                           report)


                      Page 1 of 2 pages
                              

Item 4.

(i)  Schneider Downs & Co., Inc. (former accountant's), who
     served as the principal accountant to the Wexford Trust for
     a period greater that two years, was dismissed by the
     registrant effective December 5, 1997.  On December 5, 1997
     Deloitte & Touche (Newly Elected Auditors) were approved to
     serve as the principal accountant to the Fund.
(ii) The former accountant's report on the financial
     statements for either of the past two years DID NOT contain
     adverse opinion or a disclaimer of opinion, NOR was it
     qualified or modified as to uncertainty, audit scope or
     accounting principals.
(iii)     The decision to change the principal accountant
     from Schneider Downs & Co., Inc. to Deloitte & Touche was
     recommended and approved by the Trustees of the fund on
     December 5, 1997.  The Trustees of the Fund are Richard R.
     Rice, Ronald H. Muhlenkamp, and Mr. Edgar Belle.
(iv) Over the past two accounting periods there were NO
     disagreements with the former accountants on any matter of
     accounting principals or practices, financial statement
     disclosure, or auditing scope or procedure.
(v)  N/A


Pursuant to the requirements of the Securities Exchange Act
of 1934, WEXFORD TRUST and the Trustees have duly caused
this report to be signed on its behalf by the undersigned
hereunder duly authorized.

                                   WEXFORD TRUST:

                                   Wexford Trust


                                   /s/ Ronald H. Muhlenkamp
                                   -------------------------
------
December 5, 1997         BY: Ronald H. Muhlenkamp, Trustee
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{"company-data": {"conformed-name": "WEXFORD TRUST/PA", "cik": "0000829433", "assigned-sic": "", "state-of-incorporation": "MA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "811-05469", "film-number": "97737011"}, "business-address": {"street1": "12300 PERRY HWY", "city": "WEXFORD", "state": "PA", "zip": "15090-0598", "phone": "4129355520"}, "mail-address": {"street1": "12300 PERRY HIGHWAY", "city": "WEXFORD", "state": "PA", "zip": "15090"}, "former-company": [{"former-conformed-name": "MUHLENKAMP FUND", "date-changed": "19940422"}, {"former-conformed-name": "WEXFORD TRUST", "date-changed": "19920703"}]}
Form 8-K for Wexford Trust

             SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C.  20549
                              
                          FORM 8-K
                              
                       CURRENT REPORT

             Pursuant to Section 13 or 15(d) of
             The Securities Exchange Act of 1934

                              
                              
 Date of Report (Date of earliest event reported): December 5, 1997
                              
                        WEXFORD TRUST
   ------------------------------------------------------
   (Exact name of Registrant as specified in its charter)
                              
                                   33-20158
         MASSACHUSETTS             811-5469          25-6297791
       ---------------             ------------      ----------
    (State or other jurisdiction  (Commission file #) (I.R.S. ID #)
       (I.R.S. employment of incorporation)    
           
                              
                              
           12300 Perry Highway, Wexford, PA 15090
          ----------------------------------------
          (Address of principal executive offices)
                              
                       (412) 935-5520
     --------------------------------------------------
     Registrant's telephone number, including area code
                              
                              
                       Not Applicable
------------------------------------------------------------
                              -
    (Former name or former address, if changed since last
                           report)

                      Page 1 of 2 pages
                              

Item 4.

(i)  Schneider Downs & Co., Inc. (former accountant's), who
     served as the principal accountant to the Wexford Trust for
     a period greater that two years, was dismissed by the
     registrant effective December 5, 1997.  On December 5, 1997
     Deloitte & Touche (Newly Elected Auditors) were approved to
     serve as the principal accountant to the Fund.
(ii) The former accountant's report on the financial
     statements for either of the past two years DID NOT contain
     adverse opinion or a disclaimer of opinion, NOR was it
     qualified or modified as to uncertainty, audit scope or
     accounting principals.
(iii)     The decision to change the principal accountant
     from Schneider Downs & Co., Inc. to Deloitte & Touche was
     recommended and approved by the Trustees of the fund on
     December 5, 1997.  The Trustees of the Fund are Richard R.
     Rice, Ronald H. Muhlenkamp, and Mr. Edgar Belle.
(iv) Over the past two accounting periods there were NO
     disagreements with the former accountants on any matter of
     accounting principals or practices, financial statement
     disclosure, or auditing scope or procedure.
(v)  N/A

Pursuant to the requirements of the Securities Exchange Act
of 1934, WEXFORD TRUST and the Trustees have duly caused
this report to be signed on its behalf by the undersigned
hereunder duly authorized.

                                   WEXFORD TRUST:

                                   Wexford Trust

                                   /s/ Ronald H. Muhlenkamp
                                   -------------------------
------
December 5, 1997         BY: Ronald H. Muhlenkamp, Trustee