EXCELSIOR FUNDS INC
NSAR-B, 1996-06-13
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<PAGE>      PAGE  1
000 B000000 03/31/96
000 C000000 0000751200
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 EXCELSIOR FUNDS, INC.
001 B000000 811-4088
001 C000000 6175578732
002 A000000  73 TREMONT STREET
002 B000000 BOSTON
002 C000000 MA
002 D010000 02108
002 D020000 3913
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 20
007 C010100  1
007 C020100 MONEY FUND
007 C030100 N
007 C010200  2
007 C020200 GOVERNMENT MONEY FUND
007 C030200 N
007 C010300  3
007 C020300 EQUITY FUND
007 C030300 N
007 C010400  4
007 C020400 MANAGED INCOME FUND
007 C030400 N
007 C010500  5
007 C020500 INCOME AND GROWTH FUND
007 C030500 N
007 C010600  6
007 C020600 INTERNATIONAL FUND
007 C030600 N
007 C010700  7
007 C020700 TREASURY MONEY FUND
007 C030700 N
007 C010800  8
007 C010900  9
007 C020900 SHORT-TERM GOVERNMENT SECURITIES FUND
007 C030900 N
007 C011000 10
007 C021000 INTERMEDIATE-TERM MANAGED INCOME FUND
007 C031000 N
<PAGE>      PAGE  2
007 C011100 11
007 C021100 AGING OF AMERICA FUND
007 C031100 N
007 C011200 12
007 C021200 BUSINESS AND INDUSTRIAL RESTRUCTURING FUND
007 C031200 N
007 C011300 13
007 C021300 COMMUNICATION AND ENTERTAINMENT FUND
007 C031300 N
007 C011400 14
007 C021400 EARLY LIFE CYCLE FUND
007 C031400 N
007 C011500 15
007 C021500 ENVIRONMENTALLY-RELATED PRODUCTS AND SERVICES
007 C031500 N
007 C011600 16
007 C021600 GLOBAL COMPETITORS FUND
007 C031600 N
007 C011700 17
007 C021700 LONG-TERM SUPPLY OF ENERGY FUND
007 C031700 N
007 C011800 18
007 C021800 PRODUCTIVITY ENHANCERS FUND
007 C031800 N
007 C011900 19
007 C021900 PACIFIC/ASIA FUND
007 C031900 N
007 C012000 20
007 C022000 PAN EUROPEAN FUND
007 C032000 N
007 C012100 21
007 C022100 EMERGING AMERICAS FUND
007 C032100 N
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
010 A00AA01 CHASE GLOBAL FUNDS SERVICES COMPANY
010 B00AA01 84-1719
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02108
010 C04AA01 3913
010 A00AA02 FEDERATED ADMINISTRATIVE SERVICES
010 C01AA02 PITTSBURGH
010 C02AA02 PA
<PAGE>      PAGE  3
010 C03AA02 15222
010 C04AA02 3779
010 A00AA03 UNITED STATES TRUST COMPANY OF NEW YORK
010 C01AA03 NEW YORK
010 C02AA03 NY
010 C03AA03 10036
010 C04AA03 1532
011 A00AA01 EDGEWOOD SERVICES, INC.
011 B00AA01 8-37601
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3779
012 A00AA01 UNITED STATES TRUST COMPANY OF NEW YORK
012 B00AA01 85-1740000
012 C01AA01 NEW YORK
012 C02AA01 NY
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012 A00AA02 CHASE GLOBAL FUNDS SERVICES COMPANY
012 B00AA02 84-1719
012 C01AA02 BOSTON
012 C02AA02 MA
012 C03AA02 02108
012 C04AA02 3913
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02116
013 B04AA01 5072
015 A00AA01 THE CHASE MANHATTAN BANK, N.A.
015 B00AA01 C
015 C01AA01 NEW YORK
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015 C03AA01 10003
015 C04AA01 9598
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019 C00AA00 USTFUNDINC
020 A000001 MORGAN STANLEY & CO., INC.
020 B000001 13-2655988
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020 A000002 BEAR STEARNS & CO., INC.
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020 A000003 INSTINET CORP.
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020 A000004 JONES & CO.
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<PAGE>      PAGE  4
020 A000005 HOENIG & CO.
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020 A000010 MERRILL LYNCH AND CO., INC.
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022 A000002 GOLDMAN SACHS
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022 C000002   2412179
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022 A000003 PAINE WEBBER, INC.
022 B000003 13-2638166
022 C000003   1425743
022 D000003    125283
022 A000004 DILLON, READ & CO., INC.
022 B000004 13-1939216
022 C000004   1163668
022 D000004       129
022 A000005 FIRST NATIONAL BANK OF CHICAGO
022 B000005 36-0899825
022 C000005    807859
022 D000005    220725
022 A000006 DEAN WITTER REYNOLDS, INC.
022 C000006    907136
022 D000006     95041
022 A000007 FUJI BANK & TRUST
022 C000007    567104
022 D000007    243137
022 A000008 UBS SECURITIES, INC.
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022 A000009 DREYFUS INVESTMENT SERVICES
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022 C000009    265827
<PAGE>      PAGE  5
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022 A000010 LEHMAN BROTHERS
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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  15
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<PAGE>      PAGE  16
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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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<PAGE>      PAGE  22
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<PAGE>      PAGE  24
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<PAGE>      PAGE  26
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<PAGE>      PAGE  29
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<PAGE>      PAGE  31
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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074 G001100        0
074 H001100        0
074 I001100        0
074 J001100        0
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074 Q001100        0
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074 R031100        0
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074 S001100        0
074 T001100    44792
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074 U021100        0
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028 A011200      2019
028 A021200         6
028 A031200         0
028 A041200       379
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028 B031200         0
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028 C011200      3303
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028 C031200         0
028 C041200       122
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028 D031200         0
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028 E011200      5601
<PAGE>      PAGE  38
028 E021200         0
028 E031200         0
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028 F031200         0
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029  001200 Y
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045  001200 Y
046  001200 N
047  001200 Y
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048 I021200 0.000
048 J011200        0
048 J021200 0.000
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048 K021200 0.000
049  001200 N
050  001200 N
051  001200 N
052  001200 N
053 A001200 Y
<PAGE>      PAGE  39
053 B001200 Y
053 C001200 N
062 A001200 N
062 B001200   0.0
062 C001200   0.0
062 D001200   0.0
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062 F001200   0.0
062 G001200   0.0
062 H001200   0.0
062 I001200   0.0
062 J001200   0.0
062 K001200   0.0
062 L001200   0.0
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062 O001200   0.0
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070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 Y
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 N
<PAGE>      PAGE  40
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200     53805
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072 Z001200      430
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073 A011200   0.0900
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073 C001200   0.0000
074 A001200        1
074 B001200        0
074 C001200     3943
074 D001200      719
074 E001200     1995
<PAGE>      PAGE  41
074 F001200    68608
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074 H001200        0
074 I001200        0
074 J001200        0
074 K001200        0
074 L001200      220
074 M001200        9
074 N001200    75495
074 O001200     1260
074 P001200       33
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200      150
074 S001200        0
074 T001200    74052
074 U011200     5278
074 U021200        0
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028 A011300      1527
028 A021300         0
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028 B011300      1255
028 B021300         0
028 B031300         0
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028 C021300       295
028 C031300         0
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028 D011300      2808
028 D021300         0
028 D031300         0
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028 E011300      2960
028 E021300         0
028 E031300         0
028 E041300       875
028 F011300      2434
028 F021300         0
028 F031300         0
<PAGE>      PAGE  42
028 F041300      1029
028 G011300     13420
028 G021300       295
028 G031300         0
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029  001300 Y
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033  001300      2
045  001300 Y
046  001300 N
047  001300 Y
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048 F021300 0.000
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048 H021300 0.000
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048 I021300 0.000
048 J011300        0
048 J021300 0.000
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048 K021300 0.000
049  001300 N
050  001300 N
051  001300 N
052  001300 N
053 A001300 Y
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062 A001300 N
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062 C001300   0.0
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<PAGE>      PAGE  43
062 E001300   0.0
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062 L001300   0.0
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070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 N
070 L011300 Y
070 L021300 N
070 M011300 Y
070 M021300 N
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300     35357
<PAGE>      PAGE  44
071 B001300     24374
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073 A011300   0.0300
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074 H001300        0
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074 K001300        0
<PAGE>      PAGE  45
074 L001300      211
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074 R011300        0
074 R021300        0
074 R031300        0
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074 U021300        0
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028 A011400      2602
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028 E011400      2515
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028 F031400         0
028 F041400      2004
028 G011400     15211
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028 H001400        25
<PAGE>      PAGE  46
029  001400 Y
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033  001400      1
045  001400 Y
046  001400 N
047  001400 Y
048  001400  0.600
048 A011400        0
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048 F021400 0.000
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048 H021400 0.000
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048 I021400 0.000
048 J011400        0
048 J021400 0.000
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048 K021400 0.000
049  001400 N
050  001400 N
051  001400 N
052  001400 N
053 A001400 Y
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062 A001400 N
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<PAGE>      PAGE  47
062 K001400   0.0
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071 A001400     43004
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<PAGE>      PAGE  48
074 C001400     4678
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028 A011500        65
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<PAGE>      PAGE  49
028 F011500       103
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029  001500 Y
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045  001500 Y
046  001500 N
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048 A011500        0
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048 K021500 0.000
049  001500 N
050  001500 N
051  001500 N
052  001500 N
053 A001500 Y
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<PAGE>      PAGE  50
062 B001500   0.0
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070 A011500 Y
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070 I021500 N
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<PAGE>      PAGE  51
070 R011500 N
070 R021500 N
071 A001500      2667
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<PAGE>      PAGE  52
074 I001500        0
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028 A011600      2291
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<PAGE>      PAGE  53
028 G031600         0
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029  001600 Y
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045  001600 Y
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049  001600 N
050  001600 N
051  001600 N
052  001600 N
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<PAGE>      PAGE  54
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070 A011600 Y
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<PAGE>      PAGE  55
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<PAGE>      PAGE  56
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<PAGE>      PAGE  57
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<PAGE>      PAGE  61
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<PAGE>      PAGE  64
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SIGNATURE   FRANK M. DEUTCHKI                            
TITLE       ASSISTANT SECRETARY 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
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   <NAME> MANAGED INCOME FUND 
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<NET-CHANGE-IN-ASSETS>                           2,875
<ACCUMULATED-NII-PRIOR>                           (11)
<ACCUMULATED-GAINS-PRIOR>                      (6,257)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              650
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    970
<AVERAGE-NET-ASSETS>                            86,641
<PER-SHARE-NAV-BEGIN>                             8.39
<PER-SHARE-NII>                                   0.55
<PER-SHARE-GAIN-APPREC>                           0.44
<PER-SHARE-DIVIDEND>                            (0.54)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.84
<EXPENSE-RATIO>                                   0.96
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 1
   <NAME> MONEY FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                          395,655
<INVESTMENTS-AT-VALUE>                         395,655
<RECEIVABLES>                                      586
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                24
<TOTAL-ASSETS>                                 396,265
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,980
<TOTAL-LIABILITIES>                              1,980
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       394,352
<SHARES-COMMON-STOCK>                          394,516
<SHARES-COMMON-PRIOR>                          824,777
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (67)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   394,285
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               35,840
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (3,010)
<NET-INVESTMENT-INCOME>                         32,830
<REALIZED-GAINS-CURRENT>                          (32)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           32,798
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (32,830)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,492,501
<NUMBER-OF-SHARES-REDEEMED>                (5,924,408)
<SHARES-REINVESTED>                              1,646
<NET-CHANGE-IN-ASSETS>                       (430,294)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (35)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,519
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  3,237
<AVERAGE-NET-ASSETS>                           607,575
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                  0.053
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                           (0.053)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 2
   <NAME> GOVERNMENT MONEY FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                          461,826
<INVESTMENTS-AT-VALUE>                         461,826
<RECEIVABLES>                                    1,474
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                23
<TOTAL-ASSETS>                                 463,323
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,853
<TOTAL-LIABILITIES>                              1,853
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       461,532
<SHARES-COMMON-STOCK>                          461,563
<SHARES-COMMON-PRIOR>                          725,865
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (62)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   461,470
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               32,722
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (2,783)
<NET-INVESTMENT-INCOME>                         29,939
<REALIZED-GAINS-CURRENT>                           (1)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           29,938
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (29,939)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      4,873,485
<NUMBER-OF-SHARES-REDEEMED>                (5,139,596)
<SHARES-REINVESTED>                              1,809
<NET-CHANGE-IN-ASSETS>                       (264,304)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (61)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,396
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,956
<AVERAGE-NET-ASSETS>                           558,593
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                  0.053
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                           (0.053)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 7
   <NAME> TREASURY MONEY FUND 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                          256,254
<INVESTMENTS-AT-VALUE>                         256,254
<RECEIVABLES>                                    3,061
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 8
<TOTAL-ASSETS>                                 259,323
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,154
<TOTAL-LIABILITIES>                              1,154
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       258,208
<SHARES-COMMON-STOCK>                          258,208
<SHARES-COMMON-PRIOR>                          196,951
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (39)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   258,169
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               12,426
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,215)
<NET-INVESTMENT-INCOME>                         11,211
<REALIZED-GAINS-CURRENT>                          (21)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           11,190
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (11,211)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,701,120
<NUMBER-OF-SHARES-REDEEMED>                (1,640,897)
<SHARES-REINVESTED>                              1,034
<NET-CHANGE-IN-ASSETS>                          61,237
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (18)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              669
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,262
<AVERAGE-NET-ASSETS>                           222,959
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                           (0.050)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.55
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 10
   <NAME>  INTERMEDIATE-TERM MANAGED INCOME FUND 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                           68,642
<INVESTMENTS-AT-VALUE>                          68,027
<RECEIVABLES>                                      972
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 9
<TOTAL-ASSETS>                                  69,008
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          368
<TOTAL-LIABILITIES>                                368
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        69,716
<SHARES-COMMON-STOCK>                            9,719
<SHARES-COMMON-PRIOR>                            7,095
<ACCUMULATED-NII-CURRENT>                            7
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (467)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         (616)
<NET-ASSETS>                                    68,640
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                4,020
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (382)
<NET-INVESTMENT-INCOME>                          3,638
<REALIZED-GAINS-CURRENT>                         1,200
<APPREC-INCREASE-CURRENT>                          743
<NET-CHANGE-FROM-OPS>                            5,581
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (3,637)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          4,190
<NUMBER-OF-SHARES-REDEEMED>                    (1,611)
<SHARES-REINVESTED>                                 45
<NET-CHANGE-IN-ASSETS>                          20,712
<ACCUMULATED-NII-PRIOR>                              5
<ACCUMULATED-GAINS-PRIOR>                      (1,512)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              210
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    407
<AVERAGE-NET-ASSETS>                            59,997
<PER-SHARE-NAV-BEGIN>                             6.75
<PER-SHARE-NII>                                   0.43
<PER-SHARE-GAIN-APPREC>                           0.31
<PER-SHARE-DIVIDEND>                            (0.43)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.06
<EXPENSE-RATIO>                                   0.64
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 9
   <NAME>  SHORT-TERM GOVERNMENT SECURITIES FUND 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                           24,602
<INVESTMENTS-AT-VALUE>                          24,720
<RECEIVABLES>                                      475
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 8
<TOTAL-ASSETS>                                  25,203
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          135
<TOTAL-LIABILITIES>                                135
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        25,344
<SHARES-COMMON-STOCK>                            3,589
<SHARES-COMMON-PRIOR>                            3,657
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (394)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           118
<NET-ASSETS>                                    25,068
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                1,413
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (137)
<NET-INVESTMENT-INCOME>                          1,276
<REALIZED-GAINS-CURRENT>                            81
<APPREC-INCREASE-CURRENT>                          167
<NET-CHANGE-FROM-OPS>                            1,524
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,276)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,308
<NUMBER-OF-SHARES-REDEEMED>                    (2,392)
<SHARES-REINVESTED>                                 16
<NET-CHANGE-IN-ASSETS>                           (148)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        (475)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               67
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    179
<AVERAGE-NET-ASSETS>                            22,306
<PER-SHARE-NAV-BEGIN>                             6.89
<PER-SHARE-NII>                                   0.40
<PER-SHARE-GAIN-APPREC>                           0.09
<PER-SHARE-DIVIDEND>                            (0.40)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               6.98
<EXPENSE-RATIO>                                   0.61
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 6
   <NAME> INTERNATIONAL FUND 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                           90,311
<INVESTMENTS-AT-VALUE>                          97,486
<RECEIVABLES>                                      509
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 4
<TOTAL-ASSETS>                                  97,999
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          149
<TOTAL-LIABILITIES>                                149
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        89,869
<SHARES-COMMON-STOCK>                            8,968
<SHARES-COMMON-PRIOR>                            6,525
<ACCUMULATED-NII-CURRENT>                        (325)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          1,133
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         7,173
<NET-ASSETS>                                    97,850
<DIVIDEND-INCOME>                                1,450
<INTEREST-INCOME>                                  350
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,136)
<NET-INVESTMENT-INCOME>                            664
<REALIZED-GAINS-CURRENT>                         1,761
<APPREC-INCREASE-CURRENT>                        6,821
<NET-CHANGE-FROM-OPS>                            9,246
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (734)
<DISTRIBUTIONS-OF-GAINS>                         (549)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          4,595
<NUMBER-OF-SHARES-REDEEMED>                    (2,164)
<SHARES-REINVESTED>                                 12  
<NET-CHANGE-IN-ASSETS>                          33,799
<ACCUMULATED-NII-PRIOR>                          (321)
<ACCUMULATED-GAINS-PRIOR>                         (11)  
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              813
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,216
<AVERAGE-NET-ASSETS>                            81,335
<PER-SHARE-NAV-BEGIN>                             9.82
<PER-SHARE-NII>                                   0.10
<PER-SHARE-GAIN-APPREC>                           1.15
<PER-SHARE-DIVIDEND>                            (0.09)
<PER-SHARE-DISTRIBUTIONS>                       (0.07)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.91
<EXPENSE-RATIO>                                   1.40
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 19
   <NAME> PACIFIC/ASIA FUND 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                           70,895
<INVESTMENTS-AT-VALUE>                          75,769
<RECEIVABLES>                                      793
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                10
<TOTAL-ASSETS>                                  76,572
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          380
<TOTAL-LIABILITIES>                                380
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        70,670
<SHARES-COMMON-STOCK>                            7,792
<SHARES-COMMON-PRIOR>                            5,635
<ACCUMULATED-NII-CURRENT>                         (91)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            738
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         4,875
<NET-ASSETS>                                    76,192
<DIVIDEND-INCOME>                                1,285
<INTEREST-INCOME>                                  197
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (832)
<NET-INVESTMENT-INCOME>                            650
<REALIZED-GAINS-CURRENT>                         1,081
<APPREC-INCREASE-CURRENT>                        7,511
<NET-CHANGE-FROM-OPS>                            9,242
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (659)
<DISTRIBUTIONS-OF-GAINS>                          (97)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          3,596
<NUMBER-OF-SHARES-REDEEMED>                    (1,446)
<SHARES-REINVESTED>                                  7  
<NET-CHANGE-IN-ASSETS>                          28,575
<ACCUMULATED-NII-PRIOR>                          (386)
<ACCUMULATED-GAINS-PRIOR>                           59  
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              582
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    878
<AVERAGE-NET-ASSETS>                            58,274
<PER-SHARE-NAV-BEGIN>                             8.45
<PER-SHARE-NII>                                   0.12
<PER-SHARE-GAIN-APPREC>                           1.33
<PER-SHARE-DIVIDEND>                            (0.10)
<PER-SHARE-DISTRIBUTIONS>                       (0.02)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.78
<EXPENSE-RATIO>                                   1.43
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 20
   <NAME> PAN EUROPEAN FUND 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                           41,380
<INVESTMENTS-AT-VALUE>                          47,728
<RECEIVABLES>                                      255
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               203
<TOTAL-ASSETS>                                  48,186
<PAYABLE-FOR-SECURITIES>                           195
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           75
<TOTAL-LIABILITIES>                                270
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        40,732
<SHARES-COMMON-STOCK>                            5,215
<SHARES-COMMON-PRIOR>                            4,882
<ACCUMULATED-NII-CURRENT>                         (39)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            874
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         6,349
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<INTEREST-INCOME>                                   86
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<REALIZED-GAINS-CURRENT>                         2,227
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<DISTRIBUTIONS-OF-INCOME>                        (503)
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<NUMBER-OF-SHARES-SOLD>                          1,871
<NUMBER-OF-SHARES-REDEEMED>                    (1,550)
<SHARES-REINVESTED>                                 12  
<NET-CHANGE-IN-ASSETS>                           7,939
<ACCUMULATED-NII-PRIOR>                           (36)
<ACCUMULATED-GAINS-PRIOR>                          365  
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              446
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    692
<AVERAGE-NET-ASSETS>                            44,591
<PER-SHARE-NAV-BEGIN>                             8.19
<PER-SHARE-NII>                                   0.11
<PER-SHARE-GAIN-APPREC>                           1.35
<PER-SHARE-DIVIDEND>                            (0.10)
<PER-SHARE-DISTRIBUTIONS>                       (0.36)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.19
<EXPENSE-RATIO>                                   1.46
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 21
   <NAME> EMERGING AMERICAS FUND 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                           44,626
<INVESTMENTS-AT-VALUE>                          43,209
<RECEIVABLES>                                      401
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                74
<TOTAL-ASSETS>                                  43,684
<PAYABLE-FOR-SECURITIES>                           230
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                                524
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        51,420
<SHARES-COMMON-STOCK>                            5,858
<SHARES-COMMON-PRIOR>                            4,668
<ACCUMULATED-NII-CURRENT>                        (238)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (6,604)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (1,418)
<NET-ASSETS>                                    43,160
<DIVIDEND-INCOME>                                  818
<INTEREST-INCOME>                                  110
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (528)
<NET-INVESTMENT-INCOME>                            400
<REALIZED-GAINS-CURRENT>                       (2,682)
<APPREC-INCREASE-CURRENT>                        9,542
<NET-CHANGE-FROM-OPS>                            7,260
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (389)
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                          3,643
<NUMBER-OF-SHARES-REDEEMED>                    (2,458)
<SHARES-REINVESTED>                                  5  
<NET-CHANGE-IN-ASSETS>                          15,816
<ACCUMULATED-NII-PRIOR>                          (410)
<ACCUMULATED-GAINS-PRIOR>                      (3,761)  
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              356
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    558
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<PER-SHARE-NAV-BEGIN>                             5.86
<PER-SHARE-NII>                                   0.10
<PER-SHARE-GAIN-APPREC>                           1.49
<PER-SHARE-DIVIDEND>                            (0.08)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.37
<EXPENSE-RATIO>                                   1.48
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 18
   <NAME> PRODUCTIVITY ENHANCERS FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                           27,890
<INVESTMENTS-AT-VALUE>                          28,820
<RECEIVABLES>                                    1,036
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 9
<TOTAL-ASSETS>                                  29,865
<PAYABLE-FOR-SECURITIES>                           541
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          255
<TOTAL-LIABILITIES>                                796
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        26,141
<SHARES-COMMON-STOCK>                            3,291
<SHARES-COMMON-PRIOR>                            2,251
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          1,998
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           930
<NET-ASSETS>                                    29,069
<DIVIDEND-INCOME>                                  250
<INTEREST-INCOME>                                   62
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (259)
<NET-INVESTMENT-INCOME>                          (104)
<REALIZED-GAINS-CURRENT>                         5,862
<APPREC-INCREASE-CURRENT>                        (172)
<NET-CHANGE-FROM-OPS>                            5,743
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (104)
<DISTRIBUTIONS-OF-GAINS>                       (4,101)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,030
<NUMBER-OF-SHARES-REDEEMED>                    (1,006)
<SHARES-REINVESTED>                                 16
<NET-CHANGE-IN-ASSETS>                          10,804
<ACCUMULATED-NII-PRIOR>                              0 
<ACCUMULATED-GAINS-PRIOR>                          288
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              159
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    280
<AVERAGE-NET-ASSETS>                            26,474
<PER-SHARE-NAV-BEGIN>                             8.12
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                           2.12
<PER-SHARE-DIVIDEND>                            (0.03)
<PER-SHARE-DISTRIBUTIONS>                            0      
<RETURNS-OF-CAPITAL>                            (1.40)
<PER-SHARE-NAV-END>                               8.83
<EXPENSE-RATIO>                                   0.98
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 16
   <NAME> GLOBAL COMPETITORS  FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                           59,549
<INVESTMENTS-AT-VALUE>                          71,554
<RECEIVABLES>                                      167
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 9
<TOTAL-ASSETS>                                  71,730
<PAYABLE-FOR-SECURITIES>                           261
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          165
<TOTAL-LIABILITIES>                                426
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        59,265
<SHARES-COMMON-STOCK>                            6,584
<SHARES-COMMON-PRIOR>                            2,968
<ACCUMULATED-NII-CURRENT>                          121
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (87)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        12,005
<NET-ASSETS>                                    71,304
<DIVIDEND-INCOME>                                  590
<INTEREST-INCOME>                                  141
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (403)
<NET-INVESTMENT-INCOME>                            328
<REALIZED-GAINS-CURRENT>                           721
<APPREC-INCREASE-CURRENT>                        9,216
<NET-CHANGE-FROM-OPS>                           10,265
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (257)
<DISTRIBUTIONS-OF-GAINS>                         (172)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          4,255
<NUMBER-OF-SHARES-REDEEMED>                      (640)
<SHARES-REINVESTED>                                  1
<NET-CHANGE-IN-ASSETS>                          45,810
<ACCUMULATED-NII-PRIOR>                             50 
<ACCUMULATED-GAINS-PRIOR>                        (636)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              271
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    420
<AVERAGE-NET-ASSETS>                            45,131
<PER-SHARE-NAV-BEGIN>                             8.59
<PER-SHARE-NII>                                   0.07
<PER-SHARE-GAIN-APPREC>                           2.27
<PER-SHARE-DIVIDEND>                            (0.06)
<PER-SHARE-DISTRIBUTIONS>                       (0.04)      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.83
<EXPENSE-RATIO>                                   0.89
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 3
   <NAME> EQUITY FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                          133,153
<INVESTMENTS-AT-VALUE>                         188,526
<RECEIVABLES>                                    1,237
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 6
<TOTAL-ASSETS>                                 189,769
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,195
<TOTAL-LIABILITIES>                              1,195
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       128,408
<SHARES-COMMON-STOCK>                            7,718
<SHARES-COMMON-PRIOR>                            6,421
<ACCUMULATED-NII-CURRENT>                          111
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          4,682
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        55,373
<NET-ASSETS>                                   188,574
<DIVIDEND-INCOME>                                2,219
<INTEREST-INCOME>                                  373
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,700)
<NET-INVESTMENT-INCOME>                            892
<REALIZED-GAINS-CURRENT>                        12,290
<APPREC-INCREASE-CURRENT>                       24,332
<NET-CHANGE-FROM-OPS>                           37,514
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (775)
<DISTRIBUTIONS-OF-GAINS>                      (14,900)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,335
<NUMBER-OF-SHARES-REDEEMED>                    (1,343)
<SHARES-REINVESTED>                                305
<NET-CHANGE-IN-ASSETS>                          51,157
<ACCUMULATED-NII-PRIOR>                            200
<ACCUMULATED-GAINS-PRIOR>                        7,292
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,217
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,813
<AVERAGE-NET-ASSETS>                           162,357
<PER-SHARE-NAV-BEGIN>                            21.40
<PER-SHARE-NII>                                   0.12
<PER-SHARE-GAIN-APPREC>                           5.21
<PER-SHARE-DIVIDEND>                            (0.11)
<PER-SHARE-DISTRIBUTIONS>                       (2.19)      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              24.43
<EXPENSE-RATIO>                                   1.05
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 17
   <NAME> LONG-TERM SUPPLY OF ENERGY FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                           19,789
<INVESTMENTS-AT-VALUE>                          23,346
<RECEIVABLES>                                       39
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 9
<TOTAL-ASSETS>                                  23,394
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          100
<TOTAL-LIABILITIES>                                100
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        19,439
<SHARES-COMMON-STOCK>                            2,440
<SHARES-COMMON-PRIOR>                            1,997
<ACCUMULATED-NII-CURRENT>                           38
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            260
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         3,557
<NET-ASSETS>                                    23,294
<DIVIDEND-INCOME>                                  336
<INTEREST-INCOME>                                   47
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (199)
<NET-INVESTMENT-INCOME>                            184
<REALIZED-GAINS-CURRENT>                           522
<APPREC-INCREASE-CURRENT>                        3,436
<NET-CHANGE-FROM-OPS>                            4,142
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (168)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,213
<NUMBER-OF-SHARES-REDEEMED>                      (771)
<SHARES-REINVESTED>                                  1
<NET-CHANGE-IN-ASSETS>                           7,482
<ACCUMULATED-NII-PRIOR>                             22  
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<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              125
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    228
<AVERAGE-NET-ASSETS>                            20,901
<PER-SHARE-NAV-BEGIN>                             7.92
<PER-SHARE-NII>                                   0.07
<PER-SHARE-GAIN-APPREC>                           1.63
<PER-SHARE-DIVIDEND>                            (0.07)
<PER-SHARE-DISTRIBUTIONS>                            0      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.55
<EXPENSE-RATIO>                                   0.96
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 15
   <NAME> ENVIRONMENTALLY-RELATED PRODUCTS AND SERVICES FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                            2,987
<INVESTMENTS-AT-VALUE>                           3,997
<RECEIVABLES>                                       10
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 7
<TOTAL-ASSETS>                                   4,014
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           67
<TOTAL-LIABILITIES>                                 67
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         3,421
<SHARES-COMMON-STOCK>                              511
<SHARES-COMMON-PRIOR>                              702
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (484)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         1,010
<NET-ASSETS>                                     3,947
<DIVIDEND-INCOME>                                   30
<INTEREST-INCOME>                                    5
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (43)
<NET-INVESTMENT-INCOME>                            (8)
<REALIZED-GAINS-CURRENT>                            32
<APPREC-INCREASE-CURRENT>                          924
<NET-CHANGE-FROM-OPS>                              948
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            186
<NUMBER-OF-SHARES-REDEEMED>                      (377)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           (412)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        (516)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               26
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    106
<AVERAGE-NET-ASSETS>                             4,296
<PER-SHARE-NAV-BEGIN>                             6.21
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                           1.54
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.73
<EXPENSE-RATIO>                                   0.99
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 14
   <NAME> EARLY LIFE CYCLE FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                           68,843
<INVESTMENTS-AT-VALUE>                          78,977
<RECEIVABLES>                                      204
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                11
<TOTAL-ASSETS>                                  79,192
<PAYABLE-FOR-SECURITIES>                           819
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          312
<TOTAL-LIABILITIES>                              1,131
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        65,915
<SHARES-COMMON-STOCK>                            7,240
<SHARES-COMMON-PRIOR>                            4,892
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          2,012
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        10,134
<NET-ASSETS>                                    78,061
<DIVIDEND-INCOME>                                  272
<INTEREST-INCOME>                                  206
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (589)
<NET-INVESTMENT-INCOME>                          (111)
<REALIZED-GAINS-CURRENT>                         3,934
<APPREC-INCREASE-CURRENT>                        6,179
<NET-CHANGE-FROM-OPS>                           10,002
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       (4,028)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          3,520
<NUMBER-OF-SHARES-REDEEMED>                    (1,214)
<SHARES-REINVESTED>                                 42
<NET-CHANGE-IN-ASSETS>                          30,278
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        2,216
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              394
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    647
<AVERAGE-NET-ASSETS>                            65,721
<PER-SHARE-NAV-BEGIN>                             9.77
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                           1.72
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.69)      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.78
<EXPENSE-RATIO>                                   0.90
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 13
   <NAME> COMMUNICATION AND ENTERTAINMENT FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-START>                             APR-01-1995
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                           43,127
<INVESTMENTS-AT-VALUE>                          47,913
<RECEIVABLES>                                      211
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                10
<TOTAL-ASSETS>                                  48,134
<PAYABLE-FOR-SECURITIES>                           790
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 12
   <NAME> BUSINESS AND INDUSTRIAL RESTRUCTURING FUND
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 11
   <NAME> AGING OF AMERICA FUND
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 5
   <NAME> INCOME AND GROWTH FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
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<ACCUMULATED-NII-PRIOR>                            280
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<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
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<EXPENSE-RATIO>                                   1.05
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</TABLE>


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