<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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072 P000500 0
072 Q000500 0
072 R000500 13
072 S000500 7
072 T000500 120
072 U000500 0
072 V000500 0
072 W000500 4
072 X000500 528
072 Y000500 305
072 Z000500 2878
072AA000500 201
072BB000500 0
072CC010500 0
072CC020500 5275
072DD010500 2874
072DD020500 4
072EE000500 813
073 A010500 0.4242
073 A020500 0.2371
073 B000500 0.1240
073 C000500 0.0000
074 A000500 87
074 B000500 0
074 C000500 700
074 D000500 48472
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 9
074 L000500 1261
074 M000500 0
074 N000500 50529
074 O000500 0
074 P000500 1
074 Q000500 0
<PAGE> PAGE 22
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 387
074 S000500 0
074 T000500 50141
074 U010500 6802
074 U020500 33
074 V010500 7.34
074 V020500 7.34
074 W000500 0.0000
074 X000500 1032
074 Y000500 0
075 A000500 0
075 B000500 52494
076 000500 0.00
SIGNATURE THOMAS G. ROSE
TITLE TREASUER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> CALIFORNIA QUALITY CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 101782
<INVESTMENTS-AT-VALUE> 98936
<RECEIVABLES> 1564
<ASSETS-OTHER> 197
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 100697
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 865
<TOTAL-LIABILITIES> 865
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 101789
<SHARES-COMMON-STOCK> 15484
<SHARES-COMMON-PRIOR> 15349
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 889
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2846)
<NET-ASSETS> 998831
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6386<F1>
<OTHER-INCOME> 0
<EXPENSES-NET> 862<F1>
<NET-INVESTMENT-INCOME> 5524<F1>
<REALIZED-GAINS-CURRENT> 1699
<APPREC-INCREASE-CURRENT> (13152)
<NET-CHANGE-FROM-OPS> (5915)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5524<F1>
<DISTRIBUTIONS-OF-GAINS> 2474<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1505<F1>
<NUMBER-OF-SHARES-REDEEMED> 2015<F1>
<SHARES-REINVESTED> 644<F1>
<NET-CHANGE-IN-ASSETS> (11901)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1663<F1>
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 531<F1>
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 862<F1>
<AVERAGE-NET-ASSETS> 106173<F1>
<PER-SHARE-NAV-BEGIN> 7.28<F1>
<PER-SHARE-NII> .35<F1>
<PER-SHARE-GAIN-APPREC> (.73)<F1>
<PER-SHARE-DIVIDEND> .35<F1>
<PER-SHARE-DISTRIBUTIONS> .16<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.39<F1>
<EXPENSE-RATIO> .81
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A only. All other figures are Fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> CALIFORNIA QUALITY CLASS D
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 101782
<INVESTMENTS-AT-VALUE> 98936
<RECEIVABLES> 1564
<ASSETS-OTHER> 197
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 100697
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 865
<TOTAL-LIABILITIES> 865
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 101789
<SHARES-COMMON-STOCK> 127
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 889
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2846)
<NET-ASSETS> 998831
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 20<F1>
<OTHER-INCOME> 0
<EXPENSES-NET> 6<F1>
<NET-INVESTMENT-INCOME> 14<F1>
<REALIZED-GAINS-CURRENT> 1699
<APPREC-INCREASE-CURRENT> (13152)
<NET-CHANGE-FROM-OPS> (5915)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 14<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 129<F1>
<NUMBER-OF-SHARES-REDEEMED> 3<F1>
<SHARES-REINVESTED> 1<F1>
<NET-CHANGE-IN-ASSETS> (11901)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0<F1>
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2<F1>
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6<F1>
<AVERAGE-NET-ASSETS> 500<F1>
<PER-SHARE-NAV-BEGIN> 7.13<F1>
<PER-SHARE-NII> .19<F1>
<PER-SHARE-GAIN-APPREC> (.75)<F1>
<PER-SHARE-DIVIDEND> .19<F1>
<PER-SHARE-DISTRIBUTIONS> .19<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.38<F1>
<EXPENSE-RATIO> 1.77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class D only. All other figures are Fund level.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> CALIFORNIA HIGH-YIELD A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 46980
<INVESTMENTS-AT-VALUE> 47733
<RECEIVABLES> 1012
<ASSETS-OTHER> 122
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 48867
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 210
<TOTAL-LIABILITIES> 210
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 47913
<SHARES-COMMON-STOCK> 7617<F1>
<SHARES-COMMON-PRIOR> 7605<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 753
<NET-ASSETS> 48657
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3261<F1>
<OTHER-INCOME> 0
<EXPENSES-NET> 420<F1>
<NET-INVESTMENT-INCOME> 2841<F1>
<REALIZED-GAINS-CURRENT> 297
<APPREC-INCREASE-CURRENT> (2960)
<NET-CHANGE-FROM-OPS> 186
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2841<F1>
<DISTRIBUTIONS-OF-GAINS> 652<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 558<F1>
<NUMBER-OF-SHARES-REDEEMED> 831<F1>
<SHARES-REINVESTED> 285<F1>
<NET-CHANGE-IN-ASSETS> (2561)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 346<F1>
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 248<F1>
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 420<F1>
<AVERAGE-NET-ASSETS> 49458<F1>
<PER-SHARE-NAV-BEGIN> 6.73<F1>
<PER-SHARE-NII> .37<F1>
<PER-SHARE-GAIN-APPREC> .34<F1>
<PER-SHARE-DIVIDEND> .37<F1>
<PER-SHARE-DISTRIBUTIONS> .09<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.30<F1>
<EXPENSE-RATIO> .85<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A only. All other data are at Fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> CALIFORNIA HIGH-YIELD D
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 46980
<INVESTMENTS-AT-VALUE> 47733
<RECEIVABLES> 1012
<ASSETS-OTHER> 122
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 48867
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 210
<TOTAL-LIABILITIES> 210
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 47913
<SHARES-COMMON-STOCK> 103<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 753
<NET-ASSETS> 48657
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 19<F1>
<OTHER-INCOME> 0
<EXPENSES-NET> 5<F1>
<NET-INVESTMENT-INCOME> 14<F1>
<REALIZED-GAINS-CURRENT> 297
<APPREC-INCREASE-CURRENT> (2960)
<NET-CHANGE-FROM-OPS> 186
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 14<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 109<F1>
<NUMBER-OF-SHARES-REDEEMED> 8<F1>
<SHARES-REINVESTED> 2<F1>
<NET-CHANGE-IN-ASSETS> (2561)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0<F1>
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1<F1>
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5<F1>
<AVERAGE-NET-ASSETS> 441<F1>
<PER-SHARE-NAV-BEGIN> 6.67<F1>
<PER-SHARE-NII> .21<F1>
<PER-SHARE-GAIN-APPREC> .36<F1>
<PER-SHARE-DIVIDEND> .21<F1>
<PER-SHARE-DISTRIBUTIONS> .00<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.31<F1>
<EXPENSE-RATIO> 1.74<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class D only. All other data are at Fund level.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> NORTH CAROLINA SERIES A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 41071
<INVESTMENTS-AT-VALUE> 39146
<RECEIVABLES> 829
<ASSETS-OTHER> 379
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 40354
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 152
<TOTAL-LIABILITIES> 152
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 42058
<SHARES-COMMON-STOCK> 5334<F1>
<SHARES-COMMON-PRIOR> 4723<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 69
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1925
<NET-ASSETS> 38920<F1>
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2312<F1>
<OTHER-INCOME> 0
<EXPENSES-NET> 179<F1>
<NET-INVESTMENT-INCOME> 2133<F1>
<REALIZED-GAINS-CURRENT> 270
<APPREC-INCREASE-CURRENT> (4951)
<NET-CHANGE-FROM-OPS> (2521)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2133<F1>
<DISTRIBUTIONS-OF-GAINS> 240
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 988<F1>
<NUMBER-OF-SHARES-REDEEMED> 563<F1>
<SHARES-REINVESTED> 186<F1>
<NET-CHANGE-IN-ASSETS> 1374
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 39
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 201<F1>
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 454<F1>
<AVERAGE-NET-ASSETS> 40311<F1>
<PER-SHARE-NAV-BEGIN> 8.22<F1>
<PER-SHARE-NII> .41<F1>
<PER-SHARE-GAIN-APPREC> (.87)<F1>
<PER-SHARE-DIVIDEND> (.41)<F1>
<PER-SHARE-DISTRIBUTIONS> (.05)<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.30<F1>
<EXPENSE-RATIO> .44<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<F1>Class A only. All other data are at Fund level.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> NORTH CAROLINA SERIES D
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 41071
<INVESTMENTS-AT-VALUE> 39146
<RECEIVABLES> 829
<ASSETS-OTHER> 379
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 40354
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 152
<TOTAL-LIABILITIES> 152
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 42058
<SHARES-COMMON-STOCK> 176<F1>
<SHARES-COMMON-PRIOR> 0<F1>
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 69
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1925
<NET-ASSETS> 1282<F1>
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 33<F1>
<OTHER-INCOME> 0
<EXPENSES-NET> 7<F1>
<NET-INVESTMENT-INCOME> 26<F1>
<REALIZED-GAINS-CURRENT> 270
<APPREC-INCREASE-CURRENT> (4951)
<NET-CHANGE-FROM-OPS> (2521)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 26<F1>
<DISTRIBUTIONS-OF-GAINS> 240
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 175<F1>
<NUMBER-OF-SHARES-REDEEMED> 0<F1>
<SHARES-REINVESTED> 1<F1>
<NET-CHANGE-IN-ASSETS> 1374
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 39
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3<F1>
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 11<F1>
<AVERAGE-NET-ASSETS> 866<F1>
<PER-SHARE-NAV-BEGIN> 8.17<F1>
<PER-SHARE-NII> .23<F1>
<PER-SHARE-GAIN-APPREC> (.88)<F1>
<PER-SHARE-DIVIDEND> (.23)<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.29<F1>
<EXPENSE-RATIO> 1.27<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<F1>Class D only. All other data are at Fund level.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> FLORIDA SERIES CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 49943
<INVESTMENTS-AT-VALUE> 49172
<RECEIVABLES> 1266
<ASSETS-OTHER> 91
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 50529
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 387
<TOTAL-LIABILITIES> 387
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 50900
<SHARES-COMMON-STOCK> 6802
<SHARES-COMMON-PRIOR> 6444
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (771)
<NET-ASSETS> 49897<F1>
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3096<F1>
<OTHER-INCOME> 0
<EXPENSES-NET> 222<F1>
<NET-INVESTMENT-INCOME> 2874<F1>
<REALIZED-GAINS-CURRENT> 201
<APPREC-INCREASE-CURRENT> (5275)
<NET-CHANGE-FROM-OPS> (2197)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2874<F1>
<DISTRIBUTIONS-OF-GAINS> 813<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 987<F1>
<NUMBER-OF-SHARES-REDEEMED> 837<F1>
<SHARES-REINVESTED> 208<F1>
<NET-CHANGE-IN-ASSETS> (2714)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 625
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 262<F1>
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 526<F1>
<AVERAGE-NET-ASSETS> 52382<F1>
<PER-SHARE-NAV-BEGIN> 8.20<F1>
<PER-SHARE-NII> .42<F1>
<PER-SHARE-GAIN-APPREC> (.74)<F1>
<PER-SHARE-DIVIDEND> .42<F1>
<PER-SHARE-DISTRIBUTIONS> .12<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.34
<EXPENSE-RATIO> .42
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A only. All other data are Fund level.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> FLORIDA SERIES CLASS D
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1994
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 49943
<INVESTMENTS-AT-VALUE> 49172
<RECEIVABLES> 1266
<ASSETS-OTHER> 91
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 50529
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 387
<TOTAL-LIABILITIES> 387
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 50900
<SHARES-COMMON-STOCK> 6802
<SHARES-COMMON-PRIOR> 6444
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (771)
<NET-ASSETS> 244<F1>
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5<F1>
<OTHER-INCOME> 0
<EXPENSES-NET> 1<F1>
<NET-INVESTMENT-INCOME> 4<F1>
<REALIZED-GAINS-CURRENT> 201
<APPREC-INCREASE-CURRENT> (5275)
<NET-CHANGE-FROM-OPS> (2197)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4<F1>
<DISTRIBUTIONS-OF-GAINS> 0<F1>
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 34<F1>
<NUMBER-OF-SHARES-REDEEMED> 1<F1>
<SHARES-REINVESTED> 0<F1>
<NET-CHANGE-IN-ASSETS> (2714)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 625
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0<F1>
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2<F1>
<AVERAGE-NET-ASSETS> 121<F1>
<PER-SHARE-NAV-BEGIN> 8.10<F1>
<PER-SHARE-NII> .24<F1>
<PER-SHARE-GAIN-APPREC> (.76)<F1>
<PER-SHARE-DIVIDEND> .24<F1>
<PER-SHARE-DISTRIBUTIONS> 0<F1>
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.34<F1>
<EXPENSE-RATIO> 1.29<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Class A only. All other data are Fund level.
</FN>
</TABLE>
