EXCELSIOR FUNDS INC
NSAR-A/A, 1998-12-14
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<PAGE>      PAGE  1
000 A000000 09/30/98
000 C000000 0000751200
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
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 18
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 BLENDED 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 C011200 12
007 C021200 VALUE AND RESTRUCTURING FUND
007 C031200 N
007 C011300 13
007 C011400 14
007 C021400 SMALL CAP FUND
007 C031400 N
007 C011500 15
007 C011600 16
007 C011700 17
007 C021700 ENERGY AND NATURAL RESOURCES FUND
007 C031700 N
007 C011800 18
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 LATIN AMERICA FUND
007 C032100 N
007 C012200 22
007 C022200 LARGE CAP GROWTH FUND
007 C032200 N
007 C012300 23
007 C022300 REAL ESTATE FUND
007 C032300 N
007 C012400 24
007 C022400 EMERGING MARKETS FUND
007 C032400 N
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
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<PAGE>      PAGE  3
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007 C017700 77
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008 A00AA02 U.S. TRUST COMPANY OF CONNECTICUT
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<PAGE>      PAGE  4
010 B00AA01 84-1719
010 C01AA01 BOSTON
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010 C04AA01 3913
010 A00AA02 FEDERATED ADMINISTRATIVE SERVICES
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010 C04AA02 3779
010 A00AA03 U.S. TRUST COMPANY OF CONNECTICUT
010 C01AA03 STAMFORD
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011 A00AA01 EDGEWOOD SERVICES, INC.
011 B00AA01 8-46985
011 C01AA01 PITTSBURGH
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011 C04AA01 5829
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
014 A00AA01 UST SECURITIES CORP.
014 B00AA01 8-00000
015 A00AA01 THE CHASE MANHATTAN BANK
015 B00AA01 C
015 C01AA01 NEW YORK
015 C02AA01 NY
015 C03AA01 11245
015 E01AA01 X
015 A00AA02 THE CHASE MANHATTAN BANK
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018  00AA00 Y
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<PAGE>      PAGE  5
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019 C00AA00 EXCELSIORF
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022 A000006 DREYFUS INVESTMENT SERVICES
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<PAGE>      PAGE  6
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022 A000010 PRUDENTIAL-BACHE SECURITIES, INC.
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027  000000 Y
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<PAGE>      PAGE  7
054 C00AA00 N
054 D00AA00 N
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
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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070 L020300 Y
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
<PAGE>      PAGE  19
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300     37593
071 B000300     32770
071 C000300    585425
071 D000300   11
072 A000300  6
072 B000300       99
072 C000300     3861
072 D000300        0
072 E000300        0
072 F000300     2260
072 G000300      578
072 H000300        0
072 I000300       98
072 J000300       75
072 K000300        0
072 L000300       18
072 M000300       14
072 N000300       18
072 O000300        0
072 P000300        0
072 Q000300        0
072 R000300       23
072 S000300       33
072 T000300        0
072 U000300        0
072 V000300        0
072 W000300       30
072 X000300     3147
072 Y000300      244
072 Z000300     1057
072AA000300        0
072BB000300     5131
072CC010300        0
072CC020300    44139
072DD010300     1262
072DD020300        0
072EE000300        0
073 A010300   0.0800
073 A020300   0.0000
073 B000300   0.0000
073 C000300   0.0000
074 A000300      493
074 B000300        0
<PAGE>      PAGE  20
074 C000300      887
074 D000300        0
074 E000300        0
074 F000300   548641
074 G000300        0
074 H000300        0
074 I000300        0
074 J000300        0
074 K000300        0
074 L000300      730
074 M000300       14
074 N000300   550765
074 O000300        0
074 P000300      412
074 Q000300        0
074 R010300        0
074 R020300        0
074 R030300        0
074 R040300      377
074 S000300        0
074 T000300   549976
074 U010300    16471
074 U020300        0
074 V010300    33.21
074 V020300     0.00
074 W000300   0.0000
074 X000300     3297
074 Y000300        0
075 A000300        0
075 B000300   600827
076  000300     0.00
024  000400 Y
025 A000401 BEAR STEARNS
025 B000401 13-3299429
025 C000401 D
025 D000401    5155
025 A000402 MORGAN STANLEY
025 B000402 13-2655998
025 C000402 D
025 D000402    5173
025 A000403 DELETE
025 D000403       0
025 D000404       0
025 D000405       0
025 D000406       0
025 D000407       0
025 D000408       0
028 A010400      2557
028 A020400       128
028 A030400         0
028 A040400      1980
<PAGE>      PAGE  21
028 B010400      2765
028 B020400       128
028 B030400         0
028 B040400      1540
028 C010400      4545
028 C020400       128
028 C030400         0
028 C040400      1739
028 D010400      5232
028 D020400       131
028 D030400         0
028 D040400      3657
028 E010400     10921
028 E020400       150
028 E030400         0
028 E040400      4800
028 F010400      5166
028 F020400       131
028 F030400         0
028 F040400      9149
028 G010400     31186
028 G020400       796
028 G030400         0
028 G040400     22865
028 H000400         0
045  000400 Y
046  000400 Y
047  000400 Y
048  000400  0.750
048 A010400        0
048 A020400 0.000
048 B010400        0
048 B020400 0.000
048 C010400        0
048 C020400 0.000
048 D010400        0
048 D020400 0.000
048 E010400        0
048 E020400 0.000
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
<PAGE>      PAGE  22
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
058 A000400 N
059  000400 Y
060 A000400 Y
060 B000400 Y
061  000400      500
062 A000400 Y
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
062 G000400   0.0
062 H000400   0.0
062 I000400   0.0
062 J000400   0.0
062 K000400   0.0
062 L000400   5.4
062 M000400   8.6
062 N000400  38.4
062 O000400   0.0
062 P000400  30.2
062 Q000400  16.2
062 R000400   0.0
063 A000400   0
063 B000400 15.9
064 A000400 Y
064 B000400 N
066 A000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 N
070 F020400 N
<PAGE>      PAGE  23
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400    231059
071 B000400    193918
071 C000400    186372
071 D000400  208
072 A000400  6
072 B000400     6124
072 C000400        0
072 D000400        0
072 E000400        0
072 F000400      766
072 G000400      188
072 H000400        0
072 I000400       17
072 J000400       34
072 K000400        0
072 L000400       12
072 M000400        5
072 N000400        8
072 O000400        0
072 P000400        0
072 Q000400        0
072 R000400       17
072 S000400       10
072 T000400        0
072 U000400        0
072 V000400        0
072 W000400       12
<PAGE>      PAGE  24
072 X000400     1069
072 Y000400      134
072 Z000400     5189
072AA000400     1978
072BB000400        0
072CC010400     6319
072CC020400        0
072DD010400     5189
072DD020400        0
072EE000400        0
073 A010400   0.2400
073 A020400   0.0000
073 B000400   0.0000
073 C000400   0.0000
074 A000400        0
074 B000400        0
074 C000400    11430
074 D000400   199427
074 E000400        0
074 F000400        0
074 G000400        0
074 H000400        0
074 I000400        0
074 J000400        0
074 K000400        0
074 L000400     3956
074 M000400        5
074 N000400   214818
074 O000400        0
074 P000400      148
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400     1158
074 S000400        0
074 T000400   213512
074 U010400    22378
074 U020400        0
074 V010400     9.54
074 V020400     0.00
074 W000400   0.0000
074 X000400      514
074 Y000400        0
075 A000400        0
075 B000400   102122
076  000400     0.00
024  000500 Y
025 A000501 MORGAN STANLEY
025 B000501 13-2655998
025 C000501 E
<PAGE>      PAGE  25
025 D000501    1507
025 D000502       0
025 D000503       0
025 D000504       0
025 D000505       0
025 D000506       0
025 D000507       0
025 D000508       0
028 A010500       879
028 A020500       217
028 A030500         0
028 A040500      4743
028 B010500       568
028 B020500         0
028 B030500         0
028 B040500      6374
028 C010500       710
028 C020500         0
028 C030500         0
028 C040500      4899
028 D010500       622
028 D020500       188
028 D030500         0
028 D040500      7029
028 E010500      1793
028 E020500         0
028 E030500         0
028 E040500      6082
028 F010500      1022
028 F020500         0
028 F030500         0
028 F040500      6144
028 G010500      5594
028 G020500       405
028 G030500         0
028 G040500     35271
028 H000500         0
045  000500 Y
046  000500 Y
047  000500 Y
048  000500  0.750
048 A010500        0
048 A020500 0.000
048 B010500        0
048 B020500 0.000
048 C010500        0
048 C020500 0.000
048 D010500        0
048 D020500 0.000
048 E010500        0
048 E020500 0.000
<PAGE>      PAGE  26
048 F010500        0
048 F020500 0.000
048 G010500        0
048 G020500 0.000
048 H010500        0
048 H020500 0.000
048 I010500        0
048 I020500 0.000
048 J010500        0
048 J020500 0.000
048 K010500        0
048 K020500 0.000
049  000500 N
050  000500 N
051  000500 N
052  000500 N
053 A000500 Y
053 B000500 Y
053 C000500 N
058 A000500 N
059  000500 Y
060 A000500 Y
060 B000500 Y
061  000500      500
062 A000500 N
062 B000500   0.0
062 C000500   0.0
062 D000500   0.0
062 E000500   0.0
062 F000500   0.0
062 G000500   0.0
062 H000500   0.0
062 I000500   0.0
062 J000500   0.0
062 K000500   0.0
062 L000500   0.0
062 M000500   0.0
062 N000500   0.0
062 O000500   0.0
062 P000500   0.0
062 Q000500   0.0
062 R000500   0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 N
066 E000500 Y
066 F000500 N
066 G000500 N
067  000500 Y
068 A000500 N
<PAGE>      PAGE  27
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500     19455
071 B000500     59698
071 C000500    110150
071 D000500   35
072 A000500  6
072 B000500      774
072 C000500      661
072 D000500        0
072 E000500        0
072 F000500      429
072 G000500      139
072 H000500        0
072 I000500       33
<PAGE>      PAGE  28
072 J000500       17
072 K000500        0
072 L000500        3
072 M000500        3
072 N000500        7
072 O000500        0
072 P000500        0
072 Q000500        0
072 R000500        4
072 S000500        6
072 T000500        0
072 U000500        0
072 V000500        0
072 W000500        8
072 X000500      649
072 Y000500       52
072 Z000500      838
072AA000500     7164
072BB000500        0
072CC010500        0
072CC020500    32558
072DD010500     1165
072DD020500        0
072EE000500        0
073 A010500   0.1600
073 A020500   0.0000
073 B000500   0.0000
073 C000500   0.0000
074 A000500        0
074 B000500        0
074 C000500     4915
074 D000500    10613
074 E000500        0
074 F000500    66907
074 G000500        0
074 H000500        0
074 I000500        0
074 J000500     3882
074 K000500        0
074 L000500      570
074 M000500        4
074 N000500    86891
074 O000500     3649
074 P000500       72
074 Q000500        0
074 R010500        0
074 R020500        0
074 R030500        0
074 R040500      111
074 S000500        0
074 T000500    83059
<PAGE>      PAGE  29
074 U010500     5914
074 U020500        0
074 V010500    14.04
074 V020500     0.00
074 W000500   0.0000
074 X000500     1196
074 Y000500        0
075 A000500        0
075 B000500   113864
076  000500     0.00
024  000600 N
028 A010600      9943
028 A020600         0
028 A030600         0
028 A040600      1517
028 B010600      6413
028 B020600         0
028 B030600         0
028 B040600      2516
028 C010600     11442
028 C020600         0
028 C030600         0
028 C040600      2001
028 D010600     16798
028 D020600       103
028 D030600         0
028 D040600      3782
028 E010600      6409
028 E020600         0
028 E030600         0
028 E040600      9339
028 F010600     21325
028 F020600         0
028 F030600         0
028 F040600     24221
028 G010600     72330
028 G020600       103
028 G030600         0
028 G040600     43376
028 H000600         0
045  000600 Y
046  000600 Y
047  000600 Y
048  000600  1.000
048 A010600        0
048 A020600 0.000
048 B010600        0
048 B020600 0.000
048 C010600        0
048 C020600 0.000
048 D010600        0
<PAGE>      PAGE  30
048 D020600 0.000
048 E010600        0
048 E020600 0.000
048 F010600        0
048 F020600 0.000
048 G010600        0
048 G020600 0.000
048 H010600        0
048 H020600 0.000
048 I010600        0
048 I020600 0.000
048 J010600        0
048 J020600 0.000
048 K010600        0
048 K020600 0.000
049  000600 N
050  000600 N
051  000600 N
052  000600 N
053 A000600 Y
053 B000600 Y
053 C000600 N
058 A000600 N
059  000600 Y
060 A000600 Y
060 B000600 Y
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062 A000600 N
062 B000600   0.0
062 C000600   0.0
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062 E000600   0.0
062 F000600   0.0
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062 H000600   0.0
062 I000600   0.0
062 J000600   0.0
062 K000600   0.0
062 L000600   0.0
062 M000600   0.0
062 N000600   0.0
062 O000600   0.0
062 P000600   0.0
062 Q000600   0.0
062 R000600   0.0
063 A000600   0
063 B000600  0.0
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 N
<PAGE>      PAGE  31
066 E000600 N
066 F000600 N
066 G000600 Y
067  000600 N
068 A000600 N
068 B000600 Y
069  000600 N
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 Y
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600     31579
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<PAGE>      PAGE  32
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072DD010600     1207
072DD020600        0
072EE000600        0
073 A010600   0.0500
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074 A000600      118
074 B000600        0
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074 D000600        0
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074 M000600        5
074 N000600   197662
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074 R010600        0
<PAGE>      PAGE  33
074 R020600        0
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074 V010600    10.71
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074 W000600   0.0000
074 X000600      743
074 Y000600        0
075 A000600        0
075 B000600   109219
076  000600     0.00
024  000700 N
028 A010700    216877
028 A020700       304
028 A030700         0
028 A040700    216875
028 B010700    234843
028 B020700       265
028 B030700         0
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028 C030700         0
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028 F040700    210255
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045  000700 Y
046  000700 Y
047  000700 Y
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048 A020700 0.000
<PAGE>      PAGE  34
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048 J010700        0
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048 K020700 0.000
049  000700 N
050  000700 N
051  000700 N
052  000700 N
053 A000700 Y
053 B000700 Y
053 C000700 N
058 A000700 N
059  000700 Y
060 A000700 Y
060 B000700 Y
061  000700      500
062 A000700 Y
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062 L000700   0.4
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062 R000700   0.0
063 A000700  66
<PAGE>      PAGE  35
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064 A000700 Y
064 B000700 N
066 A000700 N
067  000700 N
068 A000700 N
068 B000700 N
069  000700 N
070 A010700 N
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 Y
070 L010700 N
070 L020700 N
070 M010700 N
070 M020700 N
070 N010700 N
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
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<PAGE>      PAGE  36
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073 A010700   0.0238
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<PAGE>      PAGE  37
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024  000900 N
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028 B020900        32
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<PAGE>      PAGE  38
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048 I020900 0.000
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050  000900 N
051  000900 N
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<PAGE>      PAGE  39
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070 H010900 N
070 H020900 N
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<PAGE>      PAGE  40
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<PAGE>      PAGE  41
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<PAGE>      PAGE  42
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<PAGE>      PAGE  43
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<PAGE>      PAGE  44
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<PAGE>      PAGE  45
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<PAGE>      PAGE  46
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<PAGE>      PAGE  47
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<PAGE>      PAGE  48
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<PAGE>      PAGE  49
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<PAGE>      PAGE  50
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<PAGE>      PAGE  51
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<PAGE>      PAGE  52
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<PAGE>      PAGE  53
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<PAGE>      PAGE  54
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<PAGE>      PAGE  55
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<PAGE>      PAGE  56
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<PAGE>      PAGE  57
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045  001700 Y
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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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049  001800 N
<PAGE>      PAGE  62
050  001800 N
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066 A001800 Y
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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
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<PAGE>      PAGE  68
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<PAGE>      PAGE  69
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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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048 I022200 0.000
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049  002200 N
050  002200 N
051  002200 N
052  002200 N
053 A002200 Y
053 B002200 Y
053 C002200 N
058 A002200 N
059  002200 Y
060 A002200 Y
060 B002200 Y
<PAGE>      PAGE  76
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062 J002200   0.0
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062 L002200   0.0
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062 O002200   0.0
062 P002200   0.0
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066 A002200 Y
066 B002200 N
066 C002200 N
066 D002200 N
066 E002200 N
066 F002200 N
066 G002200 Y
067  002200 N
068 A002200 N
068 B002200 Y
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070 E022200 N
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070 F022200 N
070 G012200 Y
070 G022200 N
070 H012200 Y
070 H022200 N
070 I012200 N
070 I022200 N
070 J012200 Y
070 J022200 N
070 K012200 Y
<PAGE>      PAGE  77
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070 L022200 N
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070 O012200 Y
070 O022200 N
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070 Q022200 N
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070 R022200 N
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<PAGE>      PAGE  78
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024  002300 N
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<PAGE>      PAGE  79
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045  002300 Y
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048 J022300 0.000
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050  002300 N
051  002300 N
052  002300 N
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<PAGE>      PAGE  80
059  002300 N
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066 A002300 Y
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066 D002300 N
066 E002300 Y
066 F002300 N
066 G002300 N
067  002300 N
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070 A012300 Y
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070 D022300 N
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070 E022300 N
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070 F022300 N
070 G012300 Y
070 G022300 N
070 H012300 Y
070 H022300 N
070 I012300 N
070 I022300 N
<PAGE>      PAGE  81
070 J012300 Y
070 J022300 N
070 K012300 Y
070 K022300 N
070 L012300 Y
070 L022300 N
070 M012300 Y
070 M022300 N
070 N012300 Y
070 N022300 N
070 O012300 Y
070 O022300 N
070 P012300 Y
070 P022300 N
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070 Q022300 N
070 R012300 N
070 R022300 N
071 A002300      7709
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<PAGE>      PAGE  82
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073 A012300   0.1200
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024  002400 N
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<PAGE>      PAGE  83
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045  002400 Y
046  002400 Y
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048 K022400 0.000
049  002400 N
050  002400 N
051  002400 N
052  002400 N
053 A002400 Y
<PAGE>      PAGE  84
053 B002400 Y
053 C002400 N
058 A002400 N
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060 A002400 Y
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062 B002400   0.0
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066 A002400 Y
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067  002400 N
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<PAGE>      PAGE  85
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SIGNATURE   JOHN CORCORAN                                
TITLE       ASSISTANT SECRETARY 
 


<TABLE> <S> <C>

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<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
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   <NAME>BLENDED EQUITY FUND
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</TABLE>

<TABLE> <S> <C>

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<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
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   <NAME> INCOME AND GROWTH FUND
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 12 
   <NAME> VALUE AND RESTRUCTURING FUND
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<ACCUM-APPREC-OR-DEPREC>                  (29,921,870)
<NET-ASSETS>                               483,698,322
<DIVIDEND-INCOME>                            3,383,229
<INTEREST-INCOME>                              339,835
<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                      1,480,924
<REALIZED-GAINS-CURRENT>                   (1,237,098)
<APPREC-INCREASE-CURRENT>                (136,534,994) 
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,167,563)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     14,919,350
<NUMBER-OF-SHARES-REDEEMED>                (5,333,456)
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<GROSS-ADVISORY-FEES>                        1,570,803
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<GROSS-EXPENSE>                              2,568,289
<AVERAGE-NET-ASSETS>                       521,223,807
<PER-SHARE-NAV-BEGIN>                            23.79
<PER-SHARE-NII>                                   0.06
<PER-SHARE-GAIN-APPREC>                         (5.14)
<PER-SHARE-DIVIDEND>                            (0.06)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              18.65
<EXPENSE-RATIO>                                   0.86
<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> SMALL CAP FUND
<MULTIPLIER> 1   
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       41,880,218
<INVESTMENTS-AT-VALUE>                      35,623,300
<RECEIVABLES>                                   64,101
<ASSETS-OTHER>                                       0
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<TOTAL-ASSETS>                              35,771,504
<PAYABLE-FOR-SECURITIES>                       139,630
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                            254,327
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    43,117,210
<SHARES-COMMON-STOCK>                        4,411,701
<SHARES-COMMON-PRIOR>                        5,735,910
<ACCUMULATED-NII-CURRENT>                     (32,242)
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<ACCUMULATED-NET-GAINS>                    (1,310,873) 
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<ACCUM-APPREC-OR-DEPREC>                   (6,256,918)
<NET-ASSETS>                                35,517,177
<DIVIDEND-INCOME>                              166,184
<INTEREST-INCOME>                               62,289
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<NUMBER-OF-SHARES-SOLD>                      2,133,506  
<NUMBER-OF-SHARES-REDEEMED>                (3,457,715)
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<ACCUMULATED-GAINS-PRIOR>                      628,702
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<GROSS-EXPENSE>                                286,037
<AVERAGE-NET-ASSETS>                        54,914,117
<PER-SHARE-NAV-BEGIN>                            11.95
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<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> 17
   <NAME>ENERGY AND NATURAL RESOURCES FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       41,854,862
<INVESTMENTS-AT-VALUE>                      45,209,834
<RECEIVABLES>                                  169,787
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           105,865
<TOTAL-ASSETS>                              45,485,486
<PAYABLE-FOR-SECURITIES>                       964,119
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       92,655
<TOTAL-LIABILITIES>                          1,056,774
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    41,425,206
<SHARES-COMMON-STOCK>                        4,239,250
<SHARES-COMMON-PRIOR>                        3,648,375
<ACCUMULATED-NII-CURRENT>                      127,883
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (479,349)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,354,972
<NET-ASSETS>                                44,428,712
<DIVIDEND-INCOME>                              343,280
<INTEREST-INCOME>                              114,630
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<EXPENSES-NET>                               (222,238)
<NET-INVESTMENT-INCOME>                        235,672
<REALIZED-GAINS-CURRENT>                     (236,215)
<APPREC-INCREASE-CURRENT>                  (8,549,461)
<NET-CHANGE-FROM-OPS>                      (8,550,004)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (140,511)
<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                      1,364,986 
<NUMBER-OF-SHARES-REDEEMED>                  (776,776)
<SHARES-REINVESTED>                              2,665 
<NET-CHANGE-IN-ASSETS>                     (1,745,735) 
<ACCUMULATED-NII-PRIOR>                         32,722  
<ACCUMULATED-GAINS-PRIOR>                    (243,134)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          135,990
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                240,373
<AVERAGE-NET-ASSETS>                        45,409,858
<PER-SHARE-NAV-BEGIN>                            12.66
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<EXPENSE-RATIO>                                   0.98
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 22
   <NAME> LARGE CAP FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS 
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       81,163,612
<INVESTMENTS-AT-VALUE>                      86,437,188
<RECEIVABLES>                                  172,026
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            41,747
<TOTAL-ASSETS>                              86,650,961
<PAYABLE-FOR-SECURITIES>                        93,140
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       98,441
<TOTAL-LIABILITIES>                            191,581
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    83,104,256
<SHARES-COMMON-STOCK>                       10,160,624
<SHARES-COMMON-PRIOR>                        5,583,405
<ACCUMULATED-NII-CURRENT>                    (185,287)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,733,165)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     5,273,576 
<NET-ASSETS>                                86,459,380
<DIVIDEND-INCOME>                              139,135
<INTEREST-INCOME>                               56,958
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (381,380)
<NET-INVESTMENT-INCOME>                      (185,287)
<REALIZED-GAINS-CURRENT>                   (1,519,149)
<APPREC-INCREASE-CURRENT>                    (911,284)
<NET-CHANGE-FROM-OPS>                      (2,615,720)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,679,608
<NUMBER-OF-SHARES-REDEEMED>                (1,102,389)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      38,930,722
<ACCUMULATED-NII-PRIOR>                              0 
<ACCUMULATED-GAINS-PRIOR>                    (214,016)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0 
<GROSS-ADVISORY-FEES>                          281,786 
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                393,842
<AVERAGE-NET-ASSETS>                        74,912,618
<PER-SHARE-NAV-BEGIN>                             8.51
<PER-SHARE-NII>                                 (0.02)
<PER-SHARE-GAIN-APPREC>                           0.02
<PER-SHARE-DIVIDEND>                                 0
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<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                   1.02
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 23
   <NAME> REAL ESTATE FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          MAR-31-1999
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       45,729,669
<INVESTMENTS-AT-VALUE>                      39,489,147
<RECEIVABLES>                                  310,531
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            25,300
<TOTAL-ASSETS>                              39,824,978
<PAYABLE-FOR-SECURITIES>                       337,924
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      182,061
<TOTAL-LIABILITIES>                            519,985
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    45,511,603
<SHARES-COMMON-STOCK>                        6,482,915
<SHARES-COMMON-PRIOR>                        5,840,242
<ACCUMULATED-NII-CURRENT>                      347,467
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (313,555)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (6,240,522)
<NET-ASSETS>                                39,304,993
<DIVIDEND-INCOME>                            1,250,126
<INTEREST-INCOME>                               63,476
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (248,896)
<NET-INVESTMENT-INCOME>                      1,064,706 
<REALIZED-GAINS-CURRENT>                     (333,166) 
<APPREC-INCREASE-CURRENT>                  (6,350,126)
<NET-CHANGE-FROM-OPS>                      (5,618,586)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (743,530)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,747,749 
<NUMBER-OF-SHARES-REDEEMED>                (1,106,336)
<SHARES-REINVESTED>                              1,260
<NET-CHANGE-IN-ASSETS>                     (1,865,731)
<ACCUMULATED-NII-PRIOR>                         26,291
<ACCUMULATED-GAINS-PRIOR>                       19,611
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          207,011
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                283,907
<AVERAGE-NET-ASSETS>                        41,326,280
<PER-SHARE-NAV-BEGIN>                             7.05
<PER-SHARE-NII>                                   0.17
<PER-SHARE-GAIN-APPREC>                         (1.04)
<PER-SHARE-DIVIDEND>                            (0.12)
<PER-SHARE-DISTRIBUTIONS>                            0      
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               6.06 
<EXPENSE-RATIO>                                   1.20
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 24
   <NAME> EMERGING MARKETS FUND 
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                        9,526,543
<INVESTMENTS-AT-VALUE>                       6,283,122
<RECEIVABLES>                                   28,639
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            33,328
<TOTAL-ASSETS>                               6,345,089
<PAYABLE-FOR-SECURITIES>                       662,396
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      107,063
<TOTAL-LIABILITIES>                            769,459
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     8,967,977
<SHARES-COMMON-STOCK>                        1,492,420
<SHARES-COMMON-PRIOR>                          933,824
<ACCUMULATED-NII-CURRENT>                       65,921 
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (215,590)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (3,242,678)
<NET-ASSETS>                                 5,575,630
<DIVIDEND-INCOME>                               94,139
<INTEREST-INCOME>                               23,590
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (51,808)
<NET-INVESTMENT-INCOME>                         65,921
<REALIZED-GAINS-CURRENT>                     (215,590)
<APPREC-INCREASE-CURRENT>                  (3,419,381)
<NET-CHANGE-FROM-OPS>                      (3,569,050)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (20,788)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        773,216
<NUMBER-OF-SHARES-REDEEMED>                  (214,639)
<SHARES-REINVESTED>                                 19  
<NET-CHANGE-IN-ASSETS>                       (959,820)
<ACCUMULATED-NII-PRIOR>                         20,788
<ACCUMULATED-GAINS-PRIOR>                            0  
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           38,944
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 74,195
<AVERAGE-NET-ASSETS>                         6,212,065
<PER-SHARE-NAV-BEGIN>                             7.00
<PER-SHARE-NII>                                   0.04
<PER-SHARE-GAIN-APPREC>                         (3.28)
<PER-SHARE-DIVIDEND>                            (0.02)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.00
<EXPENSE-RATIO>                                   1.66
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1998  
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                      200,215,772  
<INVESTMENTS-AT-VALUE>                     195,713,427
<RECEIVABLES>                                1,826,766
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           122,129
<TOTAL-ASSETS>                             197,662,322
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    5,503,920
<TOTAL-LIABILITIES>                          5,503,920
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   199,250,986
<SHARES-COMMON-STOCK>                       17,949,583  
<SHARES-COMMON-PRIOR>                       15,763,174
<ACCUMULATED-NII-CURRENT>                    (958,225)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (1,562,810)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (4,571,549)
<NET-ASSETS>                               192,158,402
<DIVIDEND-INCOME>                            1,886,506
<INTEREST-INCOME>                              448,316
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,559,264)
<NET-INVESTMENT-INCOME>                        775,558
<REALIZED-GAINS-CURRENT>                       293,351
<APPREC-INCREASE-CURRENT>                 (41,649,159)
<NET-CHANGE-FROM-OPS>                     (40,580,250)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,207,206)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      5,881,356
<NUMBER-OF-SHARES-REDEEMED>                (3,702,922)
<SHARES-REINVESTED>                              7,975  
<NET-CHANGE-IN-ASSETS>                        (12,731)
<ACCUMULATED-NII-PRIOR>                      (526,577)
<ACCUMULATED-GAINS-PRIOR>                  (1,856,161)  
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,094,312
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,660,748
<AVERAGE-NET-ASSETS>                       217,841,082
<PER-SHARE-NAV-BEGIN>                            13.00
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                         (2.27)
<PER-SHARE-DIVIDEND>                            (0.07)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.71
<EXPENSE-RATIO>                                   1.43
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000751200
<NAME> EXCELSIOR FUNDS, INC.
<SERIES>
   <NUMBER> 10
   <NAME>  INTERMEDIATE-TERM MANAGED INCOME FUND 
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                      112,268,608
<INVESTMENTS-AT-VALUE>                     115,321,659
<RECEIVABLES>                                1,362,724
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             2,471
<TOTAL-ASSETS>                             116,686,854
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      957,943
<TOTAL-LIABILITIES>                            957,943
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   110,483,079
<SHARES-COMMON-STOCK>                       15,406,728
<SHARES-COMMON-PRIOR>                       13,132,967
<ACCUMULATED-NII-CURRENT>                        1,212
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      2,191,569
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,053,051
<NET-ASSETS>                               115,728,911
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,112,213
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (317,939)
<NET-INVESTMENT-INCOME>                      2,794,274
<REALIZED-GAINS-CURRENT>                     2,550,997
<APPREC-INCREASE-CURRENT>                    1,665,804
<NET-CHANGE-FROM-OPS>                        7,011,075
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (5,189,187)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,198,731
<NUMBER-OF-SHARES-REDEEMED>                  (945,156)
<SHARES-REINVESTED>                             20,186
<NET-CHANGE-IN-ASSETS>                      17,415,044
<ACCUMULATED-NII-PRIOR>                          1,212
<ACCUMULATED-GAINS-PRIOR>                    (359,428)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          180,551
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                347,827
<AVERAGE-NET-ASSETS>                       102,929,590  
<PER-SHARE-NAV-BEGIN>                             7.23
<PER-SHARE-NII>                                   0.20
<PER-SHARE-GAIN-APPREC>                           0.28
<PER-SHARE-DIVIDEND>                            (0.20)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.51
<EXPENSE-RATIO>                                   0.62
<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> LATIN AMERICA FUND 
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       55,149,924
<INVESTMENTS-AT-VALUE>                      27,236,142
<RECEIVABLES>                                  325,644
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           102,339
<TOTAL-ASSETS>                              27,664,125
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       74,463
<TOTAL-LIABILITIES>                             74,463
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    57,442,350
<SHARES-COMMON-STOCK>                        5,372,894
<SHARES-COMMON-PRIOR>                        8,364,205
<ACCUMULATED-NII-CURRENT>                      502,152 
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (2,435,888)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                  (27,918,952) 
<NET-ASSETS>                                27,589,662
<DIVIDEND-INCOME>                            1,013,755
<INTEREST-INCOME>                               34,150
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (486,035)
<NET-INVESTMENT-INCOME>                        561,870
<REALIZED-GAINS-CURRENT>                   (5,646,648)
<APPREC-INCREASE-CURRENT>                 (35,568,403)
<NET-CHANGE-FROM-OPS>                     (40,653,181)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (506,974)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,570,075
<NUMBER-OF-SHARES-REDEEMED>                (5,567,473)
<SHARES-REINVESTED>                              6,087  
<NET-CHANGE-IN-ASSETS>                    (61,106,700)
<ACCUMULATED-NII-PRIOR>                        447,256
<ACCUMULATED-GAINS-PRIOR>                    3,210,760  
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          322,290
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                519,471
<AVERAGE-NET-ASSETS>                        63,965,336
<PER-SHARE-NAV-BEGIN>                            10.60
<PER-SHARE-NII>                                   0.10
<PER-SHARE-GAIN-APPREC>                         (5.51)
<PER-SHARE-DIVIDEND>                            (0.06)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               5.13
<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> 19
   <NAME> PACIFIC/ASIA FUND 
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       31,310,453
<INVESTMENTS-AT-VALUE>                      20,133,238
<RECEIVABLES>                                1,185,591 
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            11,891
<TOTAL-ASSETS>                              21,330,720
<PAYABLE-FOR-SECURITIES>                        71,768
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      518,615
<TOTAL-LIABILITIES>                            590,383
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    58,350,863
<SHARES-COMMON-STOCK>                        4,338,401
<SHARES-COMMON-PRIOR>                        6,721,068
<ACCUMULATED-NII-CURRENT>                  (1,470,780)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                   (24,964,597)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                  (11,175,149)
<NET-ASSETS>                                20,740,337
<DIVIDEND-INCOME>                              286,983
<INTEREST-INCOME>                               20,012
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (248,741)
<NET-INVESTMENT-INCOME>                         58,254
<REALIZED-GAINS-CURRENT>                   (9,095,466)
<APPREC-INCREASE-CURRENT>                    (612,643)
<NET-CHANGE-FROM-OPS>                      (9,649,855)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,146,355
<NUMBER-OF-SHARES-REDEEMED>                (5,543,647)
<SHARES-REINVESTED>                             14,625  
<NET-CHANGE-IN-ASSETS>                    (23,067,980)
<ACCUMULATED-NII-PRIOR>                      (406,289) 
<ACCUMULATED-GAINS-PRIOR>                 (15,869,131)   
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          160,000
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                264,655
<AVERAGE-NET-ASSETS>                        31,817,694
<PER-SHARE-NAV-BEGIN>                             6.52
<PER-SHARE-NII>                                 (0.08)
<PER-SHARE-GAIN-APPREC>                         (1.46)
<PER-SHARE-DIVIDEND>                            (0.20)    
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               4.78
<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> 20
   <NAME> PAN EUROPEAN FUND 
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                      161,480,429
<INVESTMENTS-AT-VALUE>                     178,312,005
<RECEIVABLES>                                2,069,573
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                           226,606
<TOTAL-ASSETS>                             180,608,184
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      532,135
<TOTAL-LIABILITIES>                            532,135
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   147,497,604 
<SHARES-COMMON-STOCK>                       14,938,545
<SHARES-COMMON-PRIOR>                       14,691,472 
<ACCUMULATED-NII-CURRENT>                      529,883
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     15,205,740
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    16,842,822
<NET-ASSETS>                               180,076,049
<DIVIDEND-INCOME>                            2,391,890
<INTEREST-INCOME>                              214,428
<OTHER-INCOME>                               (271,311)
<EXPENSES-NET>                             (1,604,092)
<NET-INVESTMENT-INCOME>                        730,915 
<REALIZED-GAINS-CURRENT>                     7,393,013
<APPREC-INCREASE-CURRENT>                 (41,116,816)
<NET-CHANGE-FROM-OPS>                     (32,992,888)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     11,167,555
<NUMBER-OF-SHARES-REDEEMED>               (10,920,485)
<SHARES-REINVESTED>                                  3  
<NET-CHANGE-IN-ASSETS>                    (27,559,725)
<ACCUMULATED-NII-PRIOR>                      (201,032)
<ACCUMULATED-GAINS-PRIOR>                    7,812,727    
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,133,514 
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,690,374
<AVERAGE-NET-ASSETS>                       225,732,376
<PER-SHARE-NAV-BEGIN>                            14.13
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                         (2.13)
<PER-SHARE-DIVIDEND>                                 0 
<PER-SHARE-DISTRIBUTIONS>                            0 
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.05
<EXPENSE-RATIO>                                   1.42
<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
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                       50,071,307
<INVESTMENTS-AT-VALUE>                      50,852,430
<RECEIVABLES>                                  596,819
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                14
<TOTAL-ASSETS>                              51,449,263
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      379,218 
<TOTAL-LIABILITIES>                            379,218
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    50,452,460
<SHARES-COMMON-STOCK>                        7,170,657
<SHARES-COMMON-PRIOR>                        4,648,723
<ACCUMULATED-NII-CURRENT>                       20,454
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (183,992)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       781,123
<NET-ASSETS>                                51,070,045
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            1,146,489
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (121,239)
<NET-INVESTMENT-INCOME>                      1,025,250  
<REALIZED-GAINS-CURRENT>                       230,605
<APPREC-INCREASE-CURRENT>                      550,152
<NET-CHANGE-FROM-OPS>                        1,806,007
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (1,025,250)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,975,703
<NUMBER-OF-SHARES-REDEEMED>                  (484,825)
<SHARES-REINVESTED>                             31,056
<NET-CHANGE-IN-ASSETS>                      18,523,421
<ACCUMULATED-NII-PRIOR>                         20,454
<ACCUMULATED-GAINS-PRIOR>                    (414,597)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           61,946
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                137,681
<AVERAGE-NET-ASSETS>                        41,191,691
<PER-SHARE-NAV-BEGIN>                             7.00
<PER-SHARE-NII>                                   0.17
<PER-SHARE-GAIN-APPREC>                           0.12
<PER-SHARE-DIVIDEND>                            (0.17)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.12
<EXPENSE-RATIO>                                   0.59
<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
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                      535,017,097
<INVESTMENTS-AT-VALUE>                     535,017,097
<RECEIVABLES>                                7,401,677
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            10,872
<TOTAL-ASSETS>                             542,429,646
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,459,206
<TOTAL-LIABILITIES>                          2,459,206
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   539,947,824
<SHARES-COMMON-STOCK>                      539,949,873
<SHARES-COMMON-PRIOR>                      469,651,471
<ACCUMULATED-NII-CURRENT>                      (6,930)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         29,546
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               539,970,440
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           13,546,945
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,333,272)
<NET-INVESTMENT-INCOME>                     12,213,673
<REALIZED-GAINS-CURRENT>                        38,924
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                       12,252,597
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (12,220,477)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                  1,246,358,318
<NUMBER-OF-SHARES-REDEEMED>            (1,177,649,049)
<SHARES-REINVESTED>                          1,589,133  
<NET-CHANGE-IN-ASSETS>                      70,329,987
<ACCUMULATED-NII-PRIOR>                          (126)
<ACCUMULATED-GAINS-PRIOR>                      (9,378)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          771,239
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,396,207
<AVERAGE-NET-ASSETS>                       512,755,270
<PER-SHARE-NAV-BEGIN>                            1.000
<PER-SHARE-NII>                                  0.024
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                           (0.024)
<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> 4
   <NAME> MANAGED INCOME FUND 
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                      202,870,186
<INVESTMENTS-AT-VALUE>                     210,857,347
<RECEIVABLES>                                3,955,715
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             4,735
<TOTAL-ASSETS>                             214,817,797
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,305,966
<TOTAL-LIABILITIES>                          1,305,966
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   199,984,168
<SHARES-COMMON-STOCK>                       22,377,960 
<SHARES-COMMON-PRIOR>                       21,394,694
<ACCUMULATED-NII-CURRENT>                      182,630
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      5,357,872
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     7,987,161
<NET-ASSETS>                               213,511,831
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            6,123,819
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (934,632)
<NET-INVESTMENT-INCOME>                      5,189,187
<REALIZED-GAINS-CURRENT>                     1,977,977
<APPREC-INCREASE-CURRENT>                    6,319,447
<NET-CHANGE-FROM-OPS>                       13,486,611
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (5,189,187)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,348,121
<NUMBER-OF-SHARES-REDEEMED>                (2,450,915)
<SHARES-REINVESTED>                             86,060
<NET-CHANGE-IN-ASSETS>                      17,415,044
<ACCUMULATED-NII-PRIOR>                        182,630
<ACCUMULATED-GAINS-PRIOR>                    3,379,895
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          765,564
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,068,549
<AVERAGE-NET-ASSETS>                       203,686,041
<PER-SHARE-NAV-BEGIN>                             9.17
<PER-SHARE-NII>                                   0.24
<PER-SHARE-GAIN-APPREC>                           0.37
<PER-SHARE-DIVIDEND>                            (0.24)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.54
<EXPENSE-RATIO>                                   0.92
<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
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                      590,966,916
<INVESTMENTS-AT-VALUE>                     590,966,916
<RECEIVABLES>                                1,089,050
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                            29,313
<TOTAL-ASSETS>                             592,085,279
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,776,915
<TOTAL-LIABILITIES>                          2,776,915
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   589,376,496
<SHARES-COMMON-STOCK>                      589,399,812
<SHARES-COMMON-PRIOR>                      600,215,482
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (68,132)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               589,308,364
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           18,408,239
<OTHER-INCOME>                                       0
<EXPENSES-NET>                             (1,582,288)
<NET-INVESTMENT-INCOME>                     16,825,951
<REALIZED-GAINS-CURRENT>                           551
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                       16,826,502
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                 (16,825,951)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                  2,519,534,079
<NUMBER-OF-SHARES-REDEEMED>            (2,531,154,011)
<SHARES-REINVESTED>                            804,262
<NET-CHANGE-IN-ASSETS>                    (10,808,578)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                     (68,683)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          833,612
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,670,777
<AVERAGE-NET-ASSETS>                       665,067,141
<PER-SHARE-NAV-BEGIN>                            1.000
<PER-SHARE-NII>                                  0.025
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                           (0.025)
<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> 1
   <NAME> MONEY FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               SEP-30-1998
<INVESTMENTS-AT-COST>                      633,843,475  
<INVESTMENTS-AT-VALUE>                     633,843,475
<RECEIVABLES>                                1,454,682
<ASSETS-OTHER>                                       0
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