EXCELSIOR FUNDS INC
NSAR-B, 1997-06-09
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<PAGE>      PAGE  1
000 B000000 03/31/97
000 C000000 0000751200
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
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
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
<PAGE>      PAGE  3
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
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
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 8-46985
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15230
011 C04AA01 0897
012 A00AA01 UNITED STATES TRUST COMPANY OF NEW YORK
012 B00AA01 85-1740000
012 C01AA01 NEW YORK
012 C02AA01 NY
012 C03AA01 10036
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
014 A00AA01 UNITED STATES TRUST COMPANY OF NEW YORK
014 B00AA01 8-00000
<PAGE>      PAGE  4
015 A00AA01 THE CHASE MANHATTAN BANK, N.A.
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 10003
015 C04AA01 9598
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   36
019 C00AA00 EXCELSIORF
020 A000001 MORGAN STANLEY & CO., INC.
020 B000001 13-2655998
020 C000001    616
020 A000002 BEAR STEARNS & CO., INC.
020 B000002 13-3299429
020 C000002    142
020 A000003 CHASE MANHATTAN BANK
020 B000003 13-2633612
020 C000003    126
020 A000004 JONES & CO.
020 C000004     95
020 A000005 CREDIT LYONNAIS
020 C000005     86
020 A000006 INSTINET CORP.
020 B000006 13-3443395
020 C000006     59
020 A000007 DRESDNER BANK
020 C000007     38
020 A000008 EXECUTION SERVICES, INC.
020 B000008 13-2862329
020 C000008     38
020 A000009 LEHMAN BROTHERS, INC.
020 B000009 94-2537674
020 C000009     35
020 A000010 SALOMON BROTHERS, INC.
020 B000010 13-3082694
020 C000010     33
021  000000     2054
022 A000001 DILLON, READ & CO., INC.
022 B000001 13-1939216
022 C000001   6441770
022 D000001    176602
022 A000002 MERRILL LYNCH AND CO., INC.
022 B000002 13-5674085
022 C000002   4655237
022 D000002    346138
022 A000003 FUJI BANK & TRUST
022 C000003   2880045
022 D000003     34993
022 A000004 GOLDMAN SACHS
<PAGE>      PAGE  5
022 B000004 13-5108880
022 C000004   2303089
022 D000004    122739
022 A000005 PAINE WEBBER, INC.
022 B000005 13-2638166
022 C000005    779265
022 D000005    122524
022 A000006 DEUTSCHE NATIONAL BANK CORP.
022 B000006 13-6124068
022 C000006    259995
022 D000006    228478
022 A000007 DREYFUS INVESTMENT SERVICES
022 C000007    219304
022 D000007    211923
022 A000008 BARCLAY INVESTMENTS, INC.
022 B000008 05-0346412
022 C000008    105461
022 D000008    130993
022 A000009 UBS SECURITIES, INC.
022 B000009 13-2932996
022 C000009     83922
022 D000009     75361
022 A000010 LANSTON (AUDREY G.) & CO., INC.
022 B000010 13-5552129
022 C000010    156427
022 D000010      2221
023 C000000   18540879
023 D000000    1718179
024  00AA00 N
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 Y
041  00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
<PAGE>      PAGE  6
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00      500
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 RELIANCE INSURANCE COMPANY
080 C00AA00     5000
081 A00AA00 Y
081 B00AA00  23
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
<PAGE>      PAGE  7
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
008 A000101 UNITED STATES TRUST COMPANY OF NEW YORK
008 B000101 A
008 C000101 801-000000
008 D010101 NEW YORK
008 D020101 NY
008 D030101 10036
008 D040101 1532
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028 G040100    967127
028 H000100         0
029  000100 N
030 A000100      0
<PAGE>      PAGE  8
030 B000100  0.00
030 C000100  0.00
031 A000100      0
031 B000100      0
032  000100      0
033  000100      0
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.250
048 A010100        0
048 A020100 0.000
048 B010100        0
048 B020100 0.000
048 C010100        0
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048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
049  000100 N
050  000100 N
051  000100 N
052  000100 N
053 A000100 Y
053 B000100 Y
053 C000100 N
062 A000100 Y
062 B000100   0.0
062 C000100  87.3
062 D000100   2.8
062 E000100   0.0
062 F000100   0.0
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<PAGE>      PAGE  9
062 M000100   0.0
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062 P000100   0.0
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063 B000100  0.0
064 A000100 Y
064 B000100 N
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
<PAGE>      PAGE  10
071 A000100         0
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073 A010100   0.0488
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<PAGE>      PAGE  11
074 K000100        0
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074 W000100   0.9995
074 X000100      970
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075 A000100   410093
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076  000100     0.00
008 A000201 UNITED STATES TRUST COMPANY OF NEW YORK
008 B000201 A
008 C000201 801-000000
008 D010201 NEW YORK
008 D020201 NY
008 D030201 10036
008 D040201 1532
028 A010200    294762
028 A020200        77
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028 F010200    336980
<PAGE>      PAGE  12
028 F020200        87
028 F030200         0
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028 G040200   1947650
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029  000200 N
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033  000200      0
045  000200 Y
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047  000200 Y
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051  000200 N
052  000200 N
053 A000200 Y
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053 C000200 N
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062 B000200   0.0
<PAGE>      PAGE  13
062 C000200  97.4
062 D000200   2.6
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066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
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<PAGE>      PAGE  14
070 N010200 Y
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<PAGE>      PAGE  15
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008 A000301 UNITED STATES TRUST COMPANY OF NEW YORK
008 B000301 A
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008 D030301 10036
008 D040301 1532
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
048 K020300 0.000
049  000300 N
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066 A000300 Y
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066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067  000300 N
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070 E020300 N
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070 F020300 N
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<PAGE>      PAGE  18
070 H010300 N
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<PAGE>      PAGE  19
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008 A000901 UNITED STATES TRUST COMPANY OF NEW YORK
008 B000901 A
008 C000901 801-000000
008 D010901 NEW YORK
008 D020901 NY
008 D030901 10036
008 D040901 1532
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<PAGE>      PAGE  38
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048 I020900 0.000
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048 K020900 0.000
049  000900 N
050  000900 N
051  000900 N
052  000900 N
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053 B000900 Y
053 C000900 N
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<PAGE>      PAGE  39
062 D000900   0.0
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062 Q000900   0.0
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064 A000900 Y
064 B000900 N
066 A000900 N
067  000900 N
068 A000900 N
068 B000900 N
069  000900 N
070 A010900 Y
070 A020900 N
070 B010900 N
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 Y
<PAGE>      PAGE  40
070 N020900 N
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070 O020900 N
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070 Q020900 N
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070 R020900 N
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<PAGE>      PAGE  41
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008 A001001 UNITED STATES TRUST COMPANY OF NEW YORK
008 B001001 A
008 C001001 801-000000
008 D011001 NEW YORK
008 D021001 NY
008 D031001 10036
008 D041001 1532
028 A011000      2822
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028 C041000      1373
<PAGE>      PAGE  42
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045  001000 Y
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<PAGE>      PAGE  43
049  001000 N
050  001000 N
051  001000 N
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064 A001000 Y
064 B001000 N
066 A001000 N
067  001000 N
068 A001000 N
068 B001000 N
069  001000 N
070 A011000 Y
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
<PAGE>      PAGE  44
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
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070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
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<PAGE>      PAGE  45
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008 A001101 UNITED STATES TRUST COMPANY OF NEW YORK
008 B001101 A
008 C001101 801-000000
008 D011101 NEW YORK
008 D021101 NY
008 D031101 10036
008 D041101 1532
028 A011100       629
028 A021100         3
<PAGE>      PAGE  46
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045  001100 Y
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048 D021100 0.000
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048 E021100 0.000
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048 F021100 0.000
<PAGE>      PAGE  47
048 G011100        0
048 G021100 0.000
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048 H021100 0.000
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048 K021100 0.000
049  001100 N
050  001100 N
051  001100 N
052  001100 N
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066 A001100 Y
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066 E001100 N
066 F001100 N
066 G001100 N
067  001100 N
068 A001100 N
068 B001100 N
069  001100 N
070 A011100 Y
070 A021100 N
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070 B021100 N
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<PAGE>      PAGE  48
070 C021100 N
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070 F021100 N
070 G011100 Y
070 G021100 N
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070 H021100 N
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070 I021100 N
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070 J021100 N
070 K011100 Y
070 K021100 N
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070 L021100 N
070 M011100 Y
070 M021100 N
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070 N021100 N
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070 O021100 N
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070 Q021100 N
070 R011100 N
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<PAGE>      PAGE  49
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<PAGE>      PAGE  50
075 A001100        0
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008 A001201 UNITED STATES TRUST COMPANY OF NEW YORK
008 B001201 A
008 C001201 801-000000
008 D011201 NEW YORK
008 D021201 NY
008 D031201 10036
008 D041201 1532
028 A011200      5679
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029  001200 Y
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033  001200      6
045  001200 Y
046  001200 N
047  001200 Y
048  001200  0.600
<PAGE>      PAGE  51
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050  001200 N
051  001200 N
052  001200 N
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066 A001200 Y
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<PAGE>      PAGE  52
066 E001200 N
066 F001200 N
066 G001200 N
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070 G021200 N
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070 I021200 N
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070 J021200 N
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070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 Y
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070 O021200 N
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070 Q021200 N
070 R011200 N
070 R021200 N
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<PAGE>      PAGE  53
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<PAGE>      PAGE  54
074 R021200        0
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008 A001301 UNITED STATES TRUST COMPANY OF NEW YORK
008 B001301 A
008 C001301 801-000000
008 D011301 NEW YORK
008 D021301 NY
008 D031301 10036
008 D041301 1532
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028 H001300        25
<PAGE>      PAGE  55
029  001300 Y
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045  001300 Y
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050  001300 N
051  001300 N
052  001300 N
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<PAGE>      PAGE  56
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066 D001300 N
066 E001300 N
066 F001300 N
066 G001300 N
067  001300 N
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070 I021300 N
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070 O021300 N
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<PAGE>      PAGE  57
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<PAGE>      PAGE  58
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<PAGE>      PAGE  59
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<PAGE>      PAGE  60
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<PAGE>      PAGE  61
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<PAGE>      PAGE  62
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008 C001501 801-000000
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008 D031501 10036
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<PAGE>      PAGE  63
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<PAGE>      PAGE  64
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<PAGE>      PAGE  65
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<PAGE>      PAGE  66
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<PAGE>      PAGE  67
008 A001601 UNITED STATES TRUST COMPANY OF NEW YORK
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<PAGE>      PAGE  68
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<PAGE>      PAGE  69
067  001600 N
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<PAGE>      PAGE  70
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<PAGE>      PAGE  71
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<PAGE>      PAGE  72
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<PAGE>      PAGE  73
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<PAGE>      PAGE  74
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<PAGE>      PAGE  75
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SIGNATURE   FRANK M. DEUTCHKI                            
TITLE       ASSISTANT SECRETARY 
 


<TABLE> <S> <C>

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<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
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   <NAME> AGING OF AMERICA FUND
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<NET-ASSETS>                                    45,058
<DIVIDEND-INCOME>                                  669
<INTEREST-INCOME>                                   97
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (449)
<NET-INVESTMENT-INCOME>                            317
<REALIZED-GAINS-CURRENT>                         3,294
<APPREC-INCREASE-CURRENT>                          132
<NET-CHANGE-FROM-OPS>                            3,743
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (315)
<DISTRIBUTIONS-OF-GAINS>                       (1,835)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,153
<NUMBER-OF-SHARES-REDEEMED>                    (1,282)
<SHARES-REINVESTED>                                  9
<NET-CHANGE-IN-ASSETS>                             266
<ACCUMULATED-NII-PRIOR>                             48
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                       (311)
<GROSS-ADVISORY-FEES>                              282
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    471
<AVERAGE-NET-ASSETS>                            47,113
<PER-SHARE-NAV-BEGIN>                             9.81
<PER-SHARE-NII>                                   0.07
<PER-SHARE-GAIN-APPREC>                           0.72
<PER-SHARE-DIVIDEND>                            (0.07)
<PER-SHARE-DISTRIBUTIONS>                       (0.39)     
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.14
<EXPENSE-RATIO>                                   0.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 121 
   <NAME> BUSINESS AND INDUSTRIAL RESTRUCTURING FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
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<SHARES-COMMON-STOCK>                            7,784
<SHARES-COMMON-PRIOR>                            5,278
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        26,021
<NET-ASSETS>                                   124,063
<DIVIDEND-INCOME>                                1,716
<INTEREST-INCOME>                                   74
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (900)
<NET-INVESTMENT-INCOME>                            890
<REALIZED-GAINS-CURRENT>                         3,589
<APPREC-INCREASE-CURRENT>                       10,912 
<NET-CHANGE-FROM-OPS>                           15,391
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (771)
<DISTRIBUTIONS-OF-GAINS>                       (2,942)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          3,574
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<ACCUMULATED-GAINS-PRIOR>                         1218
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<PER-SHARE-NAV-BEGIN>                            14.03
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<PER-SHARE-GAIN-APPREC>                           2.36
<PER-SHARE-DIVIDEND>                            (0.12)
<PER-SHARE-DISTRIBUTIONS>                       (0.47)      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.93
<EXPENSE-RATIO>                                   0.91
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 122
   <NAME> BUSINESS AND INDUSTRIAL RESTRUCTURING FUND TRUST SHARES
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                    OTHER
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-START>                             SEP-19-1996
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<OTHER-ITEMS-LIABILITIES>                          935
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<SHARES-COMMON-STOCK>                                3
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<ACCUMULATED-NII-CURRENT>                          145
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        26,021
<NET-ASSETS>                                   124,063
<DIVIDEND-INCOME>                                1,716
<INTEREST-INCOME>                                   74
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (900)
<NET-INVESTMENT-INCOME>                            890
<REALIZED-GAINS-CURRENT>                         3,589
<APPREC-INCREASE-CURRENT>                       10,912
<NET-CHANGE-FROM-OPS>                           15,391
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OTHER>                                0
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<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          50,011
<ACCUMULATED-NII-PRIOR>                            137
<ACCUMULATED-GAINS-PRIOR>                        1,218
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                              594
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    941
<AVERAGE-NET-ASSETS>                            99,121
<PER-SHARE-NAV-BEGIN>                            14.61
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                           1.53
<PER-SHARE-DIVIDEND>                            (0.05)
<PER-SHARE-DISTRIBUTIONS>                       (0.23)      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.91
<EXPENSE-RATIO>                                   1.26
<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-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                           29,209
<INVESTMENTS-AT-VALUE>                          34,234
<RECEIVABLES>                                      933
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<PAYABLE-FOR-SECURITIES>                             0
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        28,917
<SHARES-COMMON-STOCK>                            3,363
<SHARES-COMMON-PRIOR>                            4,548
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            755
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         5,024
<NET-ASSETS>                                    34,696
<DIVIDEND-INCOME>                                  283
<INTEREST-INCOME>                                  182
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (478)
<NET-INVESTMENT-INCOME>                           (13)
<REALIZED-GAINS-CURRENT>                           755
<APPREC-INCREASE-CURRENT>                          238
<NET-CHANGE-FROM-OPS>                              980
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         (243)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            870
<NUMBER-OF-SHARES-REDEEMED>                    (2,058)
<SHARES-REINVESTED>                                  3
<NET-CHANGE-IN-ASSETS>                        (12,253)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                          243
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              290
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    502
<AVERAGE-NET-ASSETS>                            48,460
<PER-SHARE-NAV-BEGIN>                            10.32
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           0.05
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.05)      
<RETURNS-OF-CAPITAL>                                 0
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<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> 141
   <NAME> EARLY LIFE CYCLE FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                           52,480
<INVESTMENTS-AT-VALUE>                          52,436
<RECEIVABLES>                                    1,117
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 6
<TOTAL-ASSETS>                                  53,559
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        56,205
<SHARES-COMMON-STOCK>                            6,031
<SHARES-COMMON-PRIOR>                            7,240
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (2,896)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          (43)
<NET-ASSETS>                                    53,266
<DIVIDEND-INCOME>                                  359
<INTEREST-INCOME>                                  172
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (734)
<NET-INVESTMENT-INCOME>                          (203)
<REALIZED-GAINS-CURRENT>                       (1,252)
<APPREC-INCREASE-CURRENT>                     (10,177)
<NET-CHANGE-FROM-OPS>                         (11,632)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         (760)
<DISTRIBUTIONS-OTHER>                          (2,896)
<NUMBER-OF-SHARES-SOLD>                          2,507
<NUMBER-OF-SHARES-REDEEMED>                    (3,753)
<SHARES-REINVESTED>                                 37
<NET-CHANGE-IN-ASSETS>                        (24,795)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        2,012
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              470
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    796
<AVERAGE-NET-ASSETS>                            78,320
<PER-SHARE-NAV-BEGIN>                            10.78
<PER-SHARE-NII>                                 (0.03)
<PER-SHARE-GAIN-APPREC>                         (1.43)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.49)      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.83
<EXPENSE-RATIO>                                   0.94
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 142
   <NAME> EARLY LIFE CYCLE FUND TRUST SHARES
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                    OTHER
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-START>                             SEP-06-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                           52,480
<INVESTMENTS-AT-VALUE>                          52,436
<RECEIVABLES>                                    1,117
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 6
<TOTAL-ASSETS>                                  53,559
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          293
<TOTAL-LIABILITIES>                                293
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        56,205
<SHARES-COMMON-STOCK>                                1
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (2,896)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          (43)
<NET-ASSETS>                                    53,266
<DIVIDEND-INCOME>                                  359
<INTEREST-INCOME>                                  172
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (734)
<NET-INVESTMENT-INCOME>                          (203)
<REALIZED-GAINS-CURRENT>                       (1,252)
<APPREC-INCREASE-CURRENT>                     (10,177)
<NET-CHANGE-FROM-OPS>                         (11,632)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              1
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                        (24,795)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                        2,012
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              470
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    796
<AVERAGE-NET-ASSETS>                            78,320
<PER-SHARE-NAV-BEGIN>                             9.98
<PER-SHARE-NII>                                 (0.03)
<PER-SHARE-GAIN-APPREC>                         (0.92)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.22)      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.81
<EXPENSE-RATIO>                                   1.29
<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-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                           61,913
<INVESTMENTS-AT-VALUE>                          71,190
<RECEIVABLES>                                      562
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               115
<TOTAL-ASSETS>                                  71,867
<PAYABLE-FOR-SECURITIES>                           699
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          268
<TOTAL-LIABILITIES>                                967
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        66,171
<SHARES-COMMON-STOCK>                            7,496
<SHARES-COMMON-PRIOR>                            5,858
<ACCUMULATED-NII-CURRENT>                         (20)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (4,526)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         9,275
<NET-ASSETS>                                    70,900
<DIVIDEND-INCOME>                                  926
<INTEREST-INCOME>                                  140
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (797)
<NET-INVESTMENT-INCOME>                            269
<REALIZED-GAINS-CURRENT>                         2,335
<APPREC-INCREASE-CURRENT>                       10,693
<NET-CHANGE-FROM-OPS>                           13,297
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (308)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          3,810
<NUMBER-OF-SHARES-REDEEMED>                    (2,174)
<SHARES-REINVESTED>                                  2  
<NET-CHANGE-IN-ASSETS>                          27,740
<ACCUMULATED-NII-PRIOR>                          (238)
<ACCUMULATED-GAINS-PRIOR>                      (6,604)  
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              537
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    839
<AVERAGE-NET-ASSETS>                            53,803
<PER-SHARE-NAV-BEGIN>                             7.37
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                           2.09
<PER-SHARE-DIVIDEND>                            (0.05)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.46
<EXPENSE-RATIO>                                   1.56
<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-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                            8,052
<INVESTMENTS-AT-VALUE>                           9,407
<RECEIVABLES>                                       19
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 4
<TOTAL-ASSETS>                                   9,430
<PAYABLE-FOR-SECURITIES>                           524
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           37
<TOTAL-LIABILITIES>                                561
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         7,318
<SHARES-COMMON-STOCK>                              949
<SHARES-COMMON-PRIOR>                              511
<ACCUMULATED-NII-CURRENT>                            1
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            194
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         1,356
<NET-ASSETS>                                     8,869
<DIVIDEND-INCOME>                                   49
<INTEREST-INCOME>                                   29
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    (68)
<NET-INVESTMENT-INCOME>                             10
<REALIZED-GAINS-CURRENT>                           678
<APPREC-INCREASE-CURRENT>                          345
<NET-CHANGE-FROM-OPS>                            1,033
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (9)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            593
<NUMBER-OF-SHARES-REDEEMED>                      (155)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                           4,922
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0 
<OVERDISTRIB-NII-PRIOR>                          (484)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               41
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     91
<AVERAGE-NET-ASSETS>                             6,858
<PER-SHARE-NAV-BEGIN>                             7.73
<PER-SHARE-NII>                                   0.01
<PER-SHARE-GAIN-APPREC>                           1.61
<PER-SHARE-DIVIDEND>                            (0.01)
<PER-SHARE-DISTRIBUTIONS>                            0      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.34
<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> 031
   <NAME> EQUITY FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                          239,891
<INVESTMENTS-AT-VALUE>                         306,300
<RECEIVABLES>                                    4,784
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                12
<TOTAL-ASSETS>                                 311,096
<PAYABLE-FOR-SECURITIES>                         3,212
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          813
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<SHARES-COMMON-STOCK>                           11,894
<SHARES-COMMON-PRIOR>                            7,718
<ACCUMULATED-NII-CURRENT>                          640
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          7,038
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        66,409
<NET-ASSETS>                                   307,071
<DIVIDEND-INCOME>                                3,957
<INTEREST-INCOME>                                  834
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (2,823)
<NET-INVESTMENT-INCOME>                          1,968
<REALIZED-GAINS-CURRENT>                        13,470
<APPREC-INCREASE-CURRENT>                       11,036
<NET-CHANGE-FROM-OPS>                           26,474
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,439)
<DISTRIBUTIONS-OF-GAINS>                      (11,114)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          6,198
<NUMBER-OF-SHARES-REDEEMED>                    (2,219)
<SHARES-REINVESTED>                                196
<NET-CHANGE-IN-ASSETS>                         118,497
<ACCUMULATED-NII-PRIOR>                            111
<ACCUMULATED-GAINS-PRIOR>                        4,682
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            2,087
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,955
<AVERAGE-NET-ASSETS>                           278,477
<PER-SHARE-NAV-BEGIN>                            24.43
<PER-SHARE-NII>                                   0.18
<PER-SHARE-GAIN-APPREC>                           2.50
<PER-SHARE-DIVIDEND>                            (0.14)
<PER-SHARE-DISTRIBUTIONS>                       (1.16)      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              25.81
<EXPENSE-RATIO>                                   1.01
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 032
   <NAME> EQUITY FUND TRUST SHARES
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-START>                             NOV-12-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                          239,891
<INVESTMENTS-AT-VALUE>                         306,300
<RECEIVABLES>                                    4,784
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                12
<TOTAL-ASSETS>                                 311,096
<PAYABLE-FOR-SECURITIES>                         3,212
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            3
<TOTAL-LIABILITIES>                              4,025
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       232,984
<SHARES-COMMON-STOCK>                                3
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                          640
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          7,038
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        66,409
<NET-ASSETS>                                   307,071
<DIVIDEND-INCOME>                                3,957
<INTEREST-INCOME>                                  834
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (2,823)
<NET-INVESTMENT-INCOME>                          1,968
<REALIZED-GAINS-CURRENT>                        13,470
<APPREC-INCREASE-CURRENT>                       11,036
<NET-CHANGE-FROM-OPS>                           26,474
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              3
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         118,497
<ACCUMULATED-NII-PRIOR>                            111
<ACCUMULATED-GAINS-PRIOR>                        4,682
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<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            2,087
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,955
<AVERAGE-NET-ASSETS>                           278,477
<PER-SHARE-NAV-BEGIN>                            26.30
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                           0.03
<PER-SHARE-DIVIDEND>                            (0.03)
<PER-SHARE-DISTRIBUTIONS>                       (0.56)      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              25.78
<EXPENSE-RATIO>                                   1.36
<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-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                           67,679
<INVESTMENTS-AT-VALUE>                          82,462
<RECEIVABLES>                                    1,827
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 7
<TOTAL-ASSETS>                                  84,296
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        2,374
<TOTAL-LIABILITIES>                              2,374
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        65,416
<SHARES-COMMON-STOCK>                            7,194
<SHARES-COMMON-PRIOR>                            6,584
<ACCUMULATED-NII-CURRENT>                           65
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          1,658
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        14,783
<NET-ASSETS>                                    81,922
<DIVIDEND-INCOME>                                1,042
<INTEREST-INCOME>                                  167
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (752)
<NET-INVESTMENT-INCOME>                            457
<REALIZED-GAINS-CURRENT>                         2,417
<APPREC-INCREASE-CURRENT>                        2,778
<NET-CHANGE-FROM-OPS>                            5,652
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (513)
<DISTRIBUTIONS-OF-GAINS>                         (672)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,453
<NUMBER-OF-SHARES-REDEEMED>                    (1,848)
<SHARES-REINVESTED>                                  5
<NET-CHANGE-IN-ASSETS>                          10,617
<ACCUMULATED-NII-PRIOR>                            121 
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                           (87)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              504
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    788
<AVERAGE-NET-ASSETS>                            84,016
<PER-SHARE-NAV-BEGIN>                            10.83
<PER-SHARE-NII>                                   0.06
<PER-SHARE-GAIN-APPREC>                           0.66
<PER-SHARE-DIVIDEND>                            (0.07)
<PER-SHARE-DISTRIBUTIONS>                       (0.09)      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.39
<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> 2
   <NAME> GOVERNMENT MONEY FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                          534,110
<INVESTMENTS-AT-VALUE>                         534,110
<RECEIVABLES>                                    2,329
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                17
<TOTAL-ASSETS>                                 536,456
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        2,622
<TOTAL-LIABILITIES>                              2,622
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       533,894
<SHARES-COMMON-STOCK>                          533,924
<SHARES-COMMON-PRIOR>                          461,563
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                          (60)
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   533,834
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               28,195
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (2,497)
<NET-INVESTMENT-INCOME>                         25,698
<REALIZED-GAINS-CURRENT>                             3
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           25,701
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (25,698)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,287,998
<NUMBER-OF-SHARES-REDEEMED>                (3,216,759)
<SHARES-REINVESTED>                              1,122
<NET-CHANGE-IN-ASSETS>                          72,364
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                           (62)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,321
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,681
<AVERAGE-NET-ASSETS>                           528,365
<PER-SHARE-NAV-BEGIN>                            1.000
<PER-SHARE-NII>                                  0.049
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                           (0.049)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              1.000
<EXPENSE-RATIO>                                   0.47
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 05
   <NAME> INCOME AND GROWTH FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                          100,064
<INVESTMENTS-AT-VALUE>                         132,131
<RECEIVABLES>                                      902
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 6
<TOTAL-ASSETS>                                 133,039
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          271
<TOTAL-LIABILITIES>                                271
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        95,161
<SHARES-COMMON-STOCK>                            8,705
<SHARES-COMMON-PRIOR>                            8,821
<ACCUMULATED-NII-CURRENT>                          572
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          4,969
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        32,066
<NET-ASSETS>                                   132,768
<DIVIDEND-INCOME>                                1,717
<INTEREST-INCOME>                                2,468
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,346)
<NET-INVESTMENT-INCOME>                          2,839
<REALIZED-GAINS-CURRENT>                         8,773
<APPREC-INCREASE-CURRENT>                        3,900
<NET-CHANGE-FROM-OPS>                           15,512
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (3,036)
<DISTRIBUTIONS-OF-GAINS>                       (5,520)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,397
<NUMBER-OF-SHARES-REDEEMED>                    (1,688)
<SHARES-REINVESTED>                                175
<NET-CHANGE-IN-ASSETS>                           5,273
<ACCUMULATED-NII-PRIOR>                            993
<ACCUMULATED-GAINS-PRIOR>                        1,469   
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              983
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,453
<AVERAGE-NET-ASSETS>                           131,107
<PER-SHARE-NAV-BEGIN>                            14.45
<PER-SHARE-NII>                                   0.33
<PER-SHARE-GAIN-APPREC>                           1.45
<PER-SHARE-DIVIDEND>                            (0.35)
<PER-SHARE-DISTRIBUTIONS>                       (0.63)      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.25
<EXPENSE-RATIO>                                   1.03
<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-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                          117,492
<INVESTMENTS-AT-VALUE>                         127,365
<RECEIVABLES>                                      925
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 4
<TOTAL-ASSETS>                                 128,294
<PAYABLE-FOR-SECURITIES>                           446
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,033
<TOTAL-LIABILITIES>                              1,479
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       114,831
<SHARES-COMMON-STOCK>                           11,183
<SHARES-COMMON-PRIOR>                            8,968
<ACCUMULATED-NII-CURRENT>                            4
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          2,112
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         9,868
<NET-ASSETS>                                   126,815
<DIVIDEND-INCOME>                                2,208
<INTEREST-INCOME>                                  108
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,559)
<NET-INVESTMENT-INCOME>                            757
<REALIZED-GAINS-CURRENT>                         3,265
<APPREC-INCREASE-CURRENT>                        2,695
<NET-CHANGE-FROM-OPS>                            6,717
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (980)
<DISTRIBUTIONS-OF-GAINS>                       (1,734)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          5,436
<NUMBER-OF-SHARES-REDEEMED>                    (3,250)
<SHARES-REINVESTED>                                 29  
<NET-CHANGE-IN-ASSETS>                          28,965
<ACCUMULATED-NII-PRIOR>                          (325)
<ACCUMULATED-GAINS-PRIOR>                        1,133  
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,087
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,647
<AVERAGE-NET-ASSETS>                           108,698
<PER-SHARE-NAV-BEGIN>                            10.91
<PER-SHARE-NII>                                   0.09
<PER-SHARE-GAIN-APPREC>                           0.63
<PER-SHARE-DIVIDEND>                            (0.10)
<PER-SHARE-DISTRIBUTIONS>                       (0.19)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.34
<EXPENSE-RATIO>                                   1.51
<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-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                           77,239
<INVESTMENTS-AT-VALUE>                          74,891
<RECEIVABLES>                                    4,024
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 6
<TOTAL-ASSETS>                                  78,921
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          480
<TOTAL-LIABILITIES>                                480
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        81,671
<SHARES-COMMON-STOCK>                           11,424
<SHARES-COMMON-PRIOR>                            9,719
<ACCUMULATED-NII-CURRENT>                            2
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (884)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (2,348)
<NET-ASSETS>                                    78,441
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                4,725
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (452)
<NET-INVESTMENT-INCOME>                          4,273
<REALIZED-GAINS-CURRENT>                         (395)
<APPREC-INCREASE-CURRENT>                      (1,732)
<NET-CHANGE-FROM-OPS>                            2,146
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (4,277)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          4,173
<NUMBER-OF-SHARES-REDEEMED>                    (2,505)
<SHARES-REINVESTED>                                 37
<NET-CHANGE-IN-ASSETS>                           9,801
<ACCUMULATED-NII-PRIOR>                              7
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                          (467)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              253
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    488
<AVERAGE-NET-ASSETS>                            72,246
<PER-SHARE-NAV-BEGIN>                             7.06
<PER-SHARE-NII>                                   0.41
<PER-SHARE-GAIN-APPREC>                         (0.19)
<PER-SHARE-DIVIDEND>                            (0.41)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               6.87
<EXPENSE-RATIO>                                   0.63
<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-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                           26,885
<INVESTMENTS-AT-VALUE>                          33,943
<RECEIVABLES>                                       51
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 5
<TOTAL-ASSETS>                                  33,999
<PAYABLE-FOR-SECURITIES>                           445
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          161
<TOTAL-LIABILITIES>                                606
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        25,775
<SHARES-COMMON-STOCK>                            3,002
<SHARES-COMMON-PRIOR>                            2,440
<ACCUMULATED-NII-CURRENT>                           50
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            510
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         7,058
<NET-ASSETS>                                    33,393
<DIVIDEND-INCOME>                                  404
<INTEREST-INCOME>                                  121
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (277)
<NET-INVESTMENT-INCOME>                            248
<REALIZED-GAINS-CURRENT>                         3,066
<APPREC-INCREASE-CURRENT>                        3,501
<NET-CHANGE-FROM-OPS>                            6,815
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (236)
<DISTRIBUTIONS-OF-GAINS>                       (2,817)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          1,183
<NUMBER-OF-SHARES-REDEEMED>                      (636)
<SHARES-REINVESTED>                                 15
<NET-CHANGE-IN-ASSETS>                          10,099
<ACCUMULATED-NII-PRIOR>                             38  
<ACCUMULATED-GAINS-PRIOR>                          260
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              177
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    289
<AVERAGE-NET-ASSETS>                            29,598
<PER-SHARE-NAV-BEGIN>                             9.55
<PER-SHARE-NII>                                   0.09
<PER-SHARE-GAIN-APPREC>                           2.60
<PER-SHARE-DIVIDEND>                            (0.09)
<PER-SHARE-DISTRIBUTIONS>                       (1.03)      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.12
<EXPENSE-RATIO>                                   0.93
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 4
   <NAME> MANAGED INCOME FUND 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                          187,385
<INVESTMENTS-AT-VALUE>                         185,164
<RECEIVABLES>                                    1,881
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 7
<TOTAL-ASSETS>                                 187,052
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,156
<TOTAL-LIABILITIES>                              1,156
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       192,803
<SHARES-COMMON-STOCK>                           21,624
<SHARES-COMMON-PRIOR>                           10,051
<ACCUMULATED-NII-CURRENT>                          152
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                       (4,838)
<ACCUM-APPREC-OR-DEPREC>                       (2,221)
<NET-ASSETS>                                   185,896
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               11,446
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,509)
<NET-INVESTMENT-INCOME>                          9,937
<REALIZED-GAINS-CURRENT>                       (1,258)
<APPREC-INCREASE-CURRENT>                      (1,647)
<NET-CHANGE-FROM-OPS>                            7,032
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (9,853)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         14,905
<NUMBER-OF-SHARES-REDEEMED>                    (3,541)
<SHARES-REINVESTED>                                209
<NET-CHANGE-IN-ASSETS>                          96,996
<ACCUMULATED-NII-PRIOR>                             68
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                        (3,580)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,263
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,756
<AVERAGE-NET-ASSETS>                           168,449
<PER-SHARE-NAV-BEGIN>                             8.84
<PER-SHARE-NII>                                   0.51
<PER-SHARE-GAIN-APPREC>                         (0.24)
<PER-SHARE-DIVIDEND>                            (0.51)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.60
<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> 1
   <NAME> MONEY FUND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                          498,790
<INVESTMENTS-AT-VALUE>                         498,790
<RECEIVABLES>                                    1,476
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                10
<TOTAL-ASSETS>                                 500,276
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        2,210
<TOTAL-LIABILITIES>                              2,210
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       498,137
<SHARES-COMMON-STOCK>                          498,294
<SHARES-COMMON-PRIOR>                          394,516
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                          (71)
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   498,066
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               22,019
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,946)
<NET-INVESTMENT-INCOME>                         20,073
<REALIZED-GAINS-CURRENT>                           (4)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           20,069
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (20,073)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,009,771
<NUMBER-OF-SHARES-REDEEMED>                (1,908,410)
<SHARES-REINVESTED>                              2,417
<NET-CHANGE-IN-ASSETS>                         103,781
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                        (67)
<GROSS-ADVISORY-FEES>                            1,025
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  2,161
<AVERAGE-NET-ASSETS>                           410,093
<PER-SHARE-NAV-BEGIN>                            1.000
<PER-SHARE-NII>                                  0.049
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                           (0.049)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              1.000
<EXPENSE-RATIO>                                   0.47
<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-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                           90,993
<INVESTMENTS-AT-VALUE>                          89,849
<RECEIVABLES>                                      773
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 7
<TOTAL-ASSETS>                                  90,629
<PAYABLE-FOR-SECURITIES>                           111
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          573
<TOTAL-LIABILITIES>                                684
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        91,150
<SHARES-COMMON-STOCK>                            9,899
<SHARES-COMMON-PRIOR>                            7,792
<ACCUMULATED-NII-CURRENT>                         (56)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            (3)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (1,146)
<NET-ASSETS>                                    89,945
<DIVIDEND-INCOME>                                1,607
<INTEREST-INCOME>                                  234
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,246)
<NET-INVESTMENT-INCOME>                            595
<REALIZED-GAINS-CURRENT>                           727
<APPREC-INCREASE-CURRENT>                      (6,021)
<NET-CHANGE-FROM-OPS>                          (4,699)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (665)
<DISTRIBUTIONS-OF-GAINS>                       (1,363)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          5,035
<NUMBER-OF-SHARES-REDEEMED>                    (2,944)
<SHARES-REINVESTED>                                 16  
<NET-CHANGE-IN-ASSETS>                          13,753
<ACCUMULATED-NII-PRIOR>                           (91)
<ACCUMULATED-GAINS-PRIOR>                          738  
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              862
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,311
<AVERAGE-NET-ASSETS>                            86,135
<PER-SHARE-NAV-BEGIN>                             9.78
<PER-SHARE-NII>                                   0.07
<PER-SHARE-GAIN-APPREC>                         (0.53)
<PER-SHARE-DIVIDEND>                            (0.07)
<PER-SHARE-DISTRIBUTIONS>                       (0.16)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.09
<EXPENSE-RATIO>                                   1.52
<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-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                          112,462
<INVESTMENTS-AT-VALUE>                         125,873
<RECEIVABLES>                                    1,522
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 6
<TOTAL-ASSETS>                                 127,401
<PAYABLE-FOR-SECURITIES>                         5,225
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          185
<TOTAL-LIABILITIES>                              5,410
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       100,911
<SHARES-COMMON-STOCK>                           11,148
<SHARES-COMMON-PRIOR>                            5,215
<ACCUMULATED-NII-CURRENT>                         (15)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          7,691
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        13,404
<NET-ASSETS>                                   121,991
<DIVIDEND-INCOME>                                1,546
<INTEREST-INCOME>                                  297
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (995)
<NET-INVESTMENT-INCOME>                            848
<REALIZED-GAINS-CURRENT>                         8,430
<APPREC-INCREASE-CURRENT>                        7,055
<NET-CHANGE-FROM-OPS>                           16,333
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (757)
<DISTRIBUTIONS-OF-GAINS>                       (1,680)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          7,066
<NUMBER-OF-SHARES-REDEEMED>                    (1,141)
<SHARES-REINVESTED>                                  8  
<NET-CHANGE-IN-ASSETS>                          74,076
<ACCUMULATED-NII-PRIOR>                           (39)
<ACCUMULATED-GAINS-PRIOR>                          873  
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              687
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,044
<AVERAGE-NET-ASSETS>                            68,718
<PER-SHARE-NAV-BEGIN>                             9.19
<PER-SHARE-NII>                                   0.11
<PER-SHARE-GAIN-APPREC>                           2.01
<PER-SHARE-DIVIDEND>                            (0.10)
<PER-SHARE-DISTRIBUTIONS>                       (0.27)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.94
<EXPENSE-RATIO>                                   1.52
<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-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                           16,472
<INVESTMENTS-AT-VALUE>                          17,129
<RECEIVABLES>                                    1,000
<ASSETS-OTHER>                                       4
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  18,133
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           76
<TOTAL-LIABILITIES>                                 76
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        16,794
<SHARES-COMMON-STOCK>                            2,210
<SHARES-COMMON-PRIOR>                            3,291
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            606
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           657
<NET-ASSETS>                                    18,057
<DIVIDEND-INCOME>                                  172
<INTEREST-INCOME>                                   39
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (252)
<NET-INVESTMENT-INCOME>                           (41)
<REALIZED-GAINS-CURRENT>                         1,238
<APPREC-INCREASE-CURRENT>                        (273)
<NET-CHANGE-FROM-OPS>                              924
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                       (2,589)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            749
<NUMBER-OF-SHARES-REDEEMED>                    (1,843)
<SHARES-REINVESTED>                                 13
<NET-CHANGE-IN-ASSETS>                        (11,012)
<ACCUMULATED-NII-PRIOR>                              0 
<ACCUMULATED-GAINS-PRIOR>                        1,998
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              153
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    276
<AVERAGE-NET-ASSETS>                            25,685
<PER-SHARE-NAV-BEGIN>                             8.83
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                           0.16
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.80)      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               8.17
<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> 7
   <NAME> TREASURY MONEY FUND 
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                          350,277
<INVESTMENTS-AT-VALUE>                         350,277
<RECEIVABLES>                                      296
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                11
<TOTAL-ASSETS>                                 350,584
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,497
<TOTAL-LIABILITIES>                              1,497
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       349,104
<SHARES-COMMON-STOCK>                          349,104
<SHARES-COMMON-PRIOR>                          258,208
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                          (17)
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   349,087
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               15,712
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (1,568)
<NET-INVESTMENT-INCOME>                         14,144
<REALIZED-GAINS-CURRENT>                            23
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           14,167
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (14,144)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,727,537
<NUMBER-OF-SHARES-REDEEMED>                (1,637,795)
<SHARES-REINVESTED>                              1,153
<NET-CHANGE-IN-ASSETS>                          90,918
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                           (39)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              907
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,647
<AVERAGE-NET-ASSETS>                           302,429
<PER-SHARE-NAV-BEGIN>                            1.000
<PER-SHARE-NII>                                  0.047
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                           (0.047)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              1.000
<EXPENSE-RATIO>                                   0.52
<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-31-1997
<PERIOD-START>                             APR-01-1996
<PERIOD-END>                               MAR-31-1997
<INVESTMENTS-AT-COST>                           30,806
<INVESTMENTS-AT-VALUE>                          30,723
<RECEIVABLES>                                      267
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 5
<TOTAL-ASSETS>                                  30,995
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          191
<TOTAL-LIABILITIES>                                191
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        31,294
<SHARES-COMMON-STOCK>                            4,446
<SHARES-COMMON-PRIOR>                            3,589
<ACCUMULATED-NII-CURRENT>                            7
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                         (414)
<ACCUM-APPREC-OR-DEPREC>                          (83)
<NET-ASSETS>                                    30,804
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                1,714
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   (174)
<NET-INVESTMENT-INCOME>                          1,540
<REALIZED-GAINS-CURRENT>                          (20)
<APPREC-INCREASE-CURRENT>                        (201)
<NET-CHANGE-FROM-OPS>                            1,319
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,534)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,552
<NUMBER-OF-SHARES-REDEEMED>                    (1,744)
<SHARES-REINVESTED>                                 49
<NET-CHANGE-IN-ASSETS>                           5,736
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                          (394)
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               85
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    199
<AVERAGE-NET-ASSETS>                            28,398
<PER-SHARE-NAV-BEGIN>                             6.98
<PER-SHARE-NII>                                   0.38
<PER-SHARE-GAIN-APPREC>                         (0.06)
<PER-SHARE-DIVIDEND>                            (0.37)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               6.93
<EXPENSE-RATIO>                                   0.61
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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