STAR SELECT FUNDS
NSAR-A, 1998-11-30
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<PAGE>      PAGE  1
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<PAGE>      PAGE  4
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
SIGNATURE   CAROL J. HIGHSMITH                           
TITLE       SECRETARY           
 



                        STAR SELECT FUNDS AMENDMENT NO. 1
                       AMENDED AND RESTATED AGREEMENT AND
                              DECLARATION OF TRUST
- --------------------------------------------------------------------------------



         1.       Pursuant to Section 4.1 of the Amended and Restated  Agreement
                  and Declaration of Trust, and effective upon execution of this
                  document, the undersigned, being a majority of the Trustees of
                  Star Select Funds (the "Trust"), hereby:

                           a.       establish two new classes of the Star Select
                                    REIT-Plus Fund (the "Fund");

                           b.       designate such classes "Class B" and "Class 
                                    C"; and

                           c.       redesignate  and  reclassify  the issued and
                                    outstanding  shares  of the  Fund as Class C
                                    shares.

         2.       The relative rights and preferences of the Class B and Class C
                  shares of the Fund shall be those rights and  preferences  set
                  forth in Section 4.2 of the Declaration of Trust.

         3.       This  document  shall have the status of an  Amendment  to the
                  Declaration of Trust.




/s/                                                  /s/
Timothy L. Ashburn                                   Daniel J. Condon



/s/                                                  /s/
Philip L. Conover                                    David E. LaBelle



/s/                                                       
Jack R. Orben


Dated:  February 25, 1998

<TABLE> <S> <C>
                                           
<ARTICLE>                                       6
<SERIES>                                         
   <NUMBER>                                     1
   <NAME>                                       REIT-Plus Fund Class B
       
<S>                                           <C>    

<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                               MAR-31-1999
<PERIOD-START>                                  APR-1-1998
<PERIOD-END>                                    SEP-30-1998
<INVESTMENTS-AT-COST>                           117361
<INVESTMENTS-AT-VALUE>                          114422
<RECEIVABLES>                                   2092
<ASSETS-OTHER>                                  0
<OTHER-ITEMS-ASSETS>                            217
<TOTAL-ASSETS>                                  116731
<PAYABLE-FOR-SECURITIES>                        0
<SENIOR-LONG-TERM-DEBT>                         0
<OTHER-ITEMS-LIABILITIES>                       190
<TOTAL-LIABILITIES>                             190
<SENIOR-EQUITY>                                 0
<PAID-IN-CAPITAL-COMMON>                        135415
<SHARES-COMMON-STOCK>                           12915
<SHARES-COMMON-PRIOR>                           0
<ACCUMULATED-NII-CURRENT>                       280
<OVERDISTRIBUTION-NII>                          0
<ACCUMULATED-NET-GAINS>                         (218)
<OVERDISTRIBUTION-GAINS>                        0
<ACCUM-APPREC-OR-DEPREC>                        (2939)
<NET-ASSETS>                                    116036
<DIVIDEND-INCOME>                               3831
<INTEREST-INCOME>                               95
<OTHER-INCOME>                                  0
<EXPENSES-NET>                                  839
<NET-INVESTMENT-INCOME>                         3087
<REALIZED-GAINS-CURRENT>                        (161)
<APPREC-INCREASE-CURRENT>                       (22372)
<NET-CHANGE-FROM-OPS>                           (19446)
<EQUALIZATION>                                  0
<DISTRIBUTIONS-OF-INCOME>                       2461
<DISTRIBUTIONS-OF-GAINS>                        0
<DISTRIBUTIONS-OTHER>                           0
<NUMBER-OF-SHARES-SOLD>                         12909
<NUMBER-OF-SHARES-REDEEMED>                     255
<SHARES-REINVESTED>                             261
<NET-CHANGE-IN-ASSETS>                          116036
<ACCUMULATED-NII-PRIOR>                         0
<ACCUMULATED-GAINS-PRIOR>                       0
<OVERDISTRIB-NII-PRIOR>                         0
<OVERDIST-NET-GAINS-PRIOR>                      0
<GROSS-ADVISORY-FEES>                           414
<INTEREST-EXPENSE>                              0
<GROSS-EXPENSE>                                 5261
<AVERAGE-NET-ASSETS>                            117150
<PER-SHARE-NAV-BEGIN>                           10.59
<PER-SHARE-NII>                                 .21
<PER-SHARE-GAIN-APPREC>                         (1.63)
<PER-SHARE-DIVIDEND>                            .19
<PER-SHARE-DISTRIBUTIONS>                       0
<RETURNS-OF-CAPITAL>                            0
<PER-SHARE-NAV-END>                             8.98
<EXPENSE-RATIO>                                 1.34
<AVG-DEBT-OUTSTANDING>                          0
<AVG-DEBT-PER-SHARE>                            0
        

</TABLE>

<TABLE> <S> <C>
                                           
<ARTICLE>                                       6
<SERIES>                                         
   <NUMBER>                                     2
   <NAME>                                       REIT-Plus Fund Class C
       
<S>                                            <C>    
<PERIOD-TYPE>                                   6-MOS
<FISCAL-YEAR-END>                               MAR-31-1999
<PERIOD-START>                                  APR-1-1998
<PERIOD-END>                                    SEP-30-1998
<INVESTMENTS-AT-COST>                           35446517
<INVESTMENTS-AT-VALUE>                          34558943
<RECEIVABLES>                                   631752
<ASSETS-OTHER>                                  0
<OTHER-ITEMS-ASSETS>                            65625
<TOTAL-ASSETS>                                  35256320
<PAYABLE-FOR-SECURITIES>                        0
<SENIOR-LONG-TERM-DEBT>                         0
<OTHER-ITEMS-LIABILITIES>                       57354
<TOTAL-LIABILITIES>                             57354
<SENIOR-EQUITY>                                 0
<PAID-IN-CAPITAL-COMMON>                        36051587
<SHARES-COMMON-STOCK>                           3936361
<SHARES-COMMON-PRIOR>                           4154073
<ACCUMULATED-NII-CURRENT>                       84648
<OVERDISTRIBUTION-NII>                          0
<ACCUMULATED-NET-GAINS>                         (65692)
<OVERDISTRIBUTION-GAINS>                        0
<ACCUM-APPREC-OR-DEPREC>                        (887574)
<NET-ASSETS>                                    35199471
<DIVIDEND-INCOME>                               1156975
<INTEREST-INCOME>                               28634
<OTHER-INCOME>                                  0
<EXPENSES-NET>                                  290269
<NET-INVESTMENT-INCOME>                         895340
<REALIZED-GAINS-CURRENT>                        (48644)
<APPREC-INCREASE-CURRENT>                       (6756920)
<NET-CHANGE-FROM-OPS>                           (5910224)
<EQUALIZATION>                                  0
<DISTRIBUTIONS-OF-INCOME>                       840301
<DISTRIBUTIONS-OF-GAINS>                        17459
<DISTRIBUTIONS-OTHER>                           0
<NUMBER-OF-SHARES-SOLD>                         304681
<NUMBER-OF-SHARES-REDEEMED>                     535924
<SHARES-REINVESTED>                             13531
<NET-CHANGE-IN-ASSETS>                          (8781052)
<ACCUMULATED-NII-PRIOR>                         0
<ACCUMULATED-GAINS-PRIOR>                       6453
<OVERDISTRIB-NII-PRIOR>                         4537
<OVERDIST-NET-GAINS-PRIOR>                      0
<GROSS-ADVISORY-FEES>                           150091
<INTEREST-EXPENSE>                              0
<GROSS-EXPENSE>                                 290269
<AVERAGE-NET-ASSETS>                            39648395
<PER-SHARE-NAV-BEGIN>                           10.59
<PER-SHARE-NII>                                 .22
<PER-SHARE-GAIN-APPREC>                         (1.65)
<PER-SHARE-DIVIDEND>                            .21
<PER-SHARE-DISTRIBUTIONS>                       .01
<RETURNS-OF-CAPITAL>                            8.94
<PER-SHARE-NAV-END>                             1.46
<EXPENSE-RATIO>                                 0

<AVG-DEBT-OUTSTANDING>                          0
<AVG-DEBT-PER-SHARE>                            0
        

</TABLE>


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