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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 N
070 L020500 N
070 M010500 N
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 Y
070 R020500 N
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071 B000500 28160
071 C000500 94136
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<PAGE> PAGE 21
072 P000500 0
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<PAGE> PAGE 22
074 Y000500 0
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015 A000601 STATE STREET BANK & TRUST COMPANY
015 B000601 C
015 C010601 BOSTON
015 C020601 MA
015 C030601 02266
015 C040601 8609
015 E010601 X
015 A000602 PNC BANK, NA
015 B000602 S
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015 B000603 S
015 C010603 CHARLOTTE
015 C020603 NC
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015 E010603 X
015 A000604 MORGAN GUARANTY BANK & TRUST CO.
015 B000604 S
015 C010604 NEW YORK
015 C020604 NY
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015 E010604 X
015 A000605 BANK OF NEW YORK
015 B000605 S
015 C010605 NEW YORK
015 C020605 NY
015 C030605 10006
015 E010605 X
015 A000606 BANKERS TRUST CO.
015 B000606 S
015 C010606 NEW YORK
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<PAGE> PAGE 23
028 A020600 530
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035 000600 0
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037 000600 N
038 000600 0
039 000600 N
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042 E000600 0
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<PAGE> PAGE 24
042 H000600 0
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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
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053 B000600 Y
053 C000600 N
055 A000600 Y
055 B000600 N
056 000600 Y
057 000600 N
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062 A000600 Y
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<PAGE> PAGE 25
062 G000600 0.0
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063 B000600 0.0
064 A000600 N
066 A000600 N
067 000600 N
068 A000600 N
068 B000600 N
069 000600 N
070 A010600 Y
070 A020600 Y
070 B010600 N
070 B020600 N
070 C010600 N
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 N
070 J020600 N
070 K010600 Y
070 K020600 Y
070 L010600 N
070 L020600 N
070 M010600 N
070 M020600 N
070 N010600 N
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
<PAGE> PAGE 26
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 Y
070 R020600 N
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<PAGE> PAGE 27
074 F000600 0
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015 A000901 STATE STREET BANK & TRUST COMPANY
015 B000901 C
015 C010901 BOSTON
015 C020901 MA
015 C030901 02266
015 C040901 8609
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<PAGE> PAGE 28
028 B040900 1228
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<PAGE> PAGE 29
047 000900 Y
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048 J020900 0.000
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048 K020900 0.000
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050 000900 N
051 000900 N
052 000900 N
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055 A000900 Y
055 B000900 N
056 000900 Y
057 000900 N
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<PAGE> PAGE 30
062 L000900 0.8
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070 A020900 N
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070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 N
070 F020900 N
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070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
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070 K020900 Y
070 L010900 N
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 Y
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070 Q020900 N
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<PAGE> PAGE 31
070 R020900 N
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<PAGE> PAGE 32
074 J000900 1672
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015 A001101 STATE STREET BANK & TRUST COMPANY
015 B001101 C
015 C011101 BOSTON
015 C021101 MA
015 C031101 02266
015 C041101 8609
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
062 P001100 0.0
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<PAGE> PAGE 36
071 D001100 56
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<PAGE> PAGE 37
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015 A001201 STATE STREET BANK & TRUST COMPANY
015 B001201 C
015 C011201 BOSTON
015 C021201 MA
015 C031201 02266
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
063 B001200 22.0
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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015 A001301 STATE STREET BANK & TRUST COMPANY
015 B001301 C
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<PAGE>
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<PAGE>
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048 J021300 0.000
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048 K021300 0.000
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050 001300 N
051 001300 N
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<PAGE>
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070 E021300 N
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070 H011300 N
070 H021300 N
070 I011300 N
070 I021300 N
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070 J021300 Y
070 K011300 Y
070 K021300 Y
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070 L021300 N
070 M011300 N
070 M021300 N
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<PAGE>
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<PAGE>
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015 A001501 STATE STREET BANK & TRUST COMPANY
015 B001501 C
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015 C031501 02266
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<PAGE>
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<PAGE>
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064 B001500 N
066 A001500 N
067 001500 N
068 A001500 N
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<PAGE>
070 A011500 Y
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070 K011500 Y
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<PAGE>
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<PAGE>
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015 A001601 STATE STREET BANK & TRUST COMPANY
015 B001601 C
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015 C031601 02266
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015 E041603 X
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<PAGE> PAGE 53
015 D021608 74000
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015 B001609 S
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<PAGE>
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<PAGE>
048 B021600 1.450
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050 001600 N
051 001600 N
052 001600 N
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057 001600 N
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<PAGE>
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066 F001600 N
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068 A001600 N
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069 001600 N
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070 K021600 Y
070 L011600 Y
070 L021600 Y
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070 Q021600 N
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070 R021600 N
<PAGE> PAGE 57
071 A001600 7493
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<PAGE>
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015 A001701 STATE STREET BANK & TRUST COMPANY
015 B001701 C
015 C011701 BOSTON
015 C021701 MA
015 C031701 02266
015 C041701 8609
015 E011701 X
015 A001702 STANDARD CHARTERED BANK
015 B001702 S
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015 D011702 THE PHILLIPPINES
015 E041702 X
015 A001703 CHRISTIANIA BANK OF KREDITKASSE
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015 D011703 NORWAY
015 E041703 X
015 A001704 ANZ NOMINEES LTD.
015 B001704 S
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015 A001705 MEES PIERSON N.V.
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<PAGE>
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015 D021706 D.F. 06695
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015 C011708 S-10640 STOCKHOLM
015 D011708 SWEDEN
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015 A001709 BANCO SANTANDER
015 B001709 S
015 C011709 28022 MADRID
015 D011709 SPAIN
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015 D021710 0104
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015 D021711 1000
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015 D021712 E14 5AF
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015 A001713 CITIBANK, N.A.
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015 E041713 X
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015 D021714 10500
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015 A001715 STANDARD CHARTERED BANK MALAYSIA
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<PAGE> PAGE 60
015 C011715 50450 KUALA LUMPUR
015 D011715 MALAYSIA
015 E041715 X
015 A001716 SUMITOMO TRUST & BANK CO., LTD.
015 B001716 S
015 C011716 TOKYO
015 D011716 JAPAN
015 E041716 X
015 A001717 MORGAN GUARANTY TRUST CO. OF NY
015 B001717 S
015 C011717 20121 MILANO
015 D011717 ITALY
015 E041717 X
015 A001718 BANK OF IRELAND
015 B001718 S
015 C011718 DUBLIN 1
015 D011718 IRELAND
015 E041718 X
015 A001719 STANDARD CHARTERED EQUITOR GROUP
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015 C011719 JAKARTA
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015 D021719 10220
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015 A001722 BERLINER HANDES-UND FRANKFURTER BANK
015 B001722 S
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<PAGE>
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015 D011726 BELGIUM
015 E041726 X
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015 C011727 BUENOS AIRES
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015 A001729 GIROCREDIT BANK AKTIENGELLSCHAFT DER SPARK.
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015 E041729 X
024 001700 N
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<PAGE>
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<PAGE> PAGE 63
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048 I021700 0.000
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050 001700 N
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053 C001700 N
055 A001700 Y
055 B001700 N
056 001700 Y
057 001700 N
058 A001700 N
059 001700 Y
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<PAGE>
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066 D001700 N
066 E001700 N
066 F001700 N
066 G001700 N
067 001700 N
068 A001700 N
068 B001700 Y
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070 A011700 Y
070 A021700 Y
070 B011700 Y
070 B021700 N
070 C011700 Y
070 C021700 N
070 D011700 Y
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070 E011700 Y
070 E021700 N
070 F011700 Y
070 F021700 N
070 G011700 Y
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070 I021700 N
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070 M011700 Y
070 M021700 Y
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<PAGE>
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<PAGE>
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SIGNATURE JOHN J. PILEGGI
TITLE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union High Grade Tax-Free Class A
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<NUMBER> 003
<S> <C>
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union High Grade Tax-Free Class B
<SERIES>
<NUMBER> 003
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union High Grade Tax-Free Class Y
<SERIES>
<NUMBER> 003
<S> <C>
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<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Emerging Markets Class A
<SERIES>
<NUMBER> 016
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Emerging Markets Class B
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<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NAME> First Union Emerging Markets Class C
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Emerging Markets Class Y
<SERIES>
<NUMBER> 016
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
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<INVESTMENTS-AT-COST> 11,611,267
<INVESTMENTS-AT-VALUE> 11,227,636
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<DIVIDEND-INCOME> 127,998
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<NUMBER-OF-SHARES-SOLD> 374,522
<NUMBER-OF-SHARES-REDEEMED> 78,575
<SHARES-REINVESTED> 0
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<PER-SHARE-NAV-END> 7.98
<EXPENSE-RATIO> 1.46
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Treasury MM Fund Class A
<SERIES>
<NUMBER> 006
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
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<INVESTMENTS-AT-VALUE> 1,356,190,976
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<NET-ASSETS> 1,047,336,416
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 33,281,660
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<EXPENSES-NET> 3,150,961
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<PER-SHARE-NAV-BEGIN> 1.00
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<PER-SHARE-GAIN-APPREC> (0.03)
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<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.63
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Treasury MM Fund Class Y
<SERIES>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
<INVESTMENTS-AT-COST> 1,356,190,976
<INVESTMENTS-AT-VALUE> 1,356,190,976
<RECEIVABLES> 9,062,233
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<SHARES-COMMON-PRIOR> 162,920,580
<ACCUMULATED-NII-CURRENT> 0
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<NET-ASSETS> 312,526,643
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 33,281,660
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<EXPENSES-NET> 3,150,961
<NET-INVESTMENT-INCOME> 30,130,961
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<NUMBER-OF-SHARES-REDEEMED> 265,481,080
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<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.33
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Intern. Equity Fund Class A
<SERIES>
<NUMBER> 017
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
<INVESTMENTS-AT-COST> 43,497,299
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<DIVIDEND-INCOME> 612,468
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<REALIZED-GAINS-CURRENT> (123,136)
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<NUMBER-OF-SHARES-SOLD> 70,570
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<SHARES-REINVESTED> 314
<NET-CHANGE-IN-ASSETS> 11,735,338
<ACCUMULATED-NII-PRIOR> 50,645
<ACCUMULATED-GAINS-PRIOR> (32,131)
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<GROSS-EXPENSE> 338,387
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<PER-SHARE-NAV-BEGIN> 9.50
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<PER-SHARE-NAV-END> 9.79
<EXPENSE-RATIO> 1.19
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Intern. Equity Fund Class B
<SERIES>
<NUMBER> 017
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
<EXCHANGE-RATE> 0
<INVESTMENTS-AT-COST> 43,497,299
<INVESTMENTS-AT-VALUE> 43,556,908
<RECEIVABLES> 491,152
<ASSETS-OTHER> 11,278
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 44,059,338
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 43,575,042
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<SHARES-COMMON-PRIOR> 589,954
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<ACCUMULATED-NET-GAINS> (155,268)
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<SHARES-REINVESTED> 180
<NET-CHANGE-IN-ASSETS> 11,735,338
<ACCUMULATED-NII-PRIOR> 50,645
<ACCUMULATED-GAINS-PRIOR> (32,131)
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-EXPENSE> 338,387
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<PER-SHARE-NAV-BEGIN> 9.50
<PER-SHARE-NII> 0.06
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.76
<EXPENSE-RATIO> 1.94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Intern.Equity Fund Class C
<SERIES>
<NUMBER> 017
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
<INVESTMENTS-AT-COST> 43,497,299
<INVESTMENTS-AT-VALUE> 43,556,908
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<TOTAL-ASSETS> 44,059,338
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<EXPENSES-NET> 212,351
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<NET-CHANGE-IN-ASSETS> 11,735,338
<ACCUMULATED-NII-PRIOR> 50,645
<ACCUMULATED-GAINS-PRIOR> (32,131)
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<PER-SHARE-NAV-BEGIN> 9.49
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<PER-SHARE-NAV-END> 9.76
<EXPENSE-RATIO> 1.94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Intern.Equity Fund Class Y
<SERIES>
<NUMBER> 017
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
<INVESTMENTS-AT-COST> 43,497,299
<INVESTMENTS-AT-VALUE> 43,556,908
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<TOTAL-ASSETS> 44,059,338
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<NUMBER-OF-SHARES-SOLD> 1,196,457
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<SHARES-REINVESTED> 1,510
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<ACCUMULATED-NII-PRIOR> 50,645
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<PER-SHARE-NII> 0.10
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<PER-SHARE-NAV-END> 9.80
<EXPENSE-RATIO> 0.94
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Virginia Muni.Bond Class A
<SERIES>
<NUMBER> 013
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
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<INVESTMENTS-AT-COST> 7,150,519
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<TOTAL-ASSETS> 7,825,355
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<OTHER-ITEMS-LIABILITIES> 20,018
<TOTAL-LIABILITIES> 288,063
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<PAID-IN-CAPITAL-COMMON> 7,731,772
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<SHARES-COMMON-PRIOR> 181,494
<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> (306,952)
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<NUMBER-OF-SHARES-SOLD> 38,961
<NUMBER-OF-SHARES-REDEEMED> 12,541
<SHARES-REINVESTED> 4,467
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<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (258,553)
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<GROSS-EXPENSE> 134,120
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<PER-SHARE-NAV-END> 9.57
<EXPENSE-RATIO> 0.66
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Virginia Muni.Bond Class A
<SERIES>
<NUMBER> 017
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
<EXCHANGE-RATE> 0
<INVESTMENTS-AT-COST> 7,150,519
<INVESTMENTS-AT-VALUE> 7,262,991
<RECEIVABLES> 555,355
<ASSETS-OTHER> 7,009
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 7,825,355
<PAYABLE-FOR-SECURITIES> 268,045
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 20,018
<TOTAL-LIABILITIES> 288,063
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,731,772
<SHARES-COMMON-STOCK> 212,382
<SHARES-COMMON-PRIOR> 181,494
<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> (306,952)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 112,472
<NET-ASSETS> 2,032,464
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<INTEREST-INCOME> 198,726
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Virginia Muni.Bond Class B
<SERIES>
<NUMBER> 013
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Virginia Muni. Bond Class Y
<SERIES>
<NUMBER> 013
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Florida Muni. Bond Class A
<SERIES>
<NUMBER> 011
<S> <C>
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<PER-SHARE-NAV-END> 9.67
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Florida Muni.Bond Class B
<SERIES>
<NUMBER> 011
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
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<PER-SHARE-NAV-END> 9.67
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Florida Muni. Bond Class Y
<SERIES>
<NUMBER> 011
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Georgia Muni.Bond Class A
<SERIES>
<NUMBER> 012
<S> <C>
<PERIOD-TYPE> 6-mos
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
(Replace this text with the legend, if applicable)
</LEGEND>
<NAME> First Union Georgia Muni.Bond Class B
<SERIES>
<NUMBER> 012
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Georgia Muni. Bond Class Y
<SERIES>
<NUMBER> 012
<S> <C>
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union North Carolina Muni.Class A
<SERIES>
<NUMBER> 009
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
<INVESTMENTS-AT-COST> 53,967,334
<INVESTMENTS-AT-VALUE> 55,519,609
<RECEIVABLES> 2,732,835
<ASSETS-OTHER> 23,854
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 58,276,298
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 192,512
<TOTAL-LIABILITIES> 192,512
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 60,915,230
<SHARES-COMMON-STOCK> 828,071
<SHARES-COMMON-PRIOR> 871,144
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,383,719)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,552,275
<NET-ASSETS> 8,164,792
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,714,933
<OTHER-INCOME> 0
<EXPENSES-NET> 435,082
<NET-INVESTMENT-INCOME> 1,279,851
<REALIZED-GAINS-CURRENT> 529,630
<APPREC-INCREASE-CURRENT> 3,516,143
<NET-CHANGE-FROM-OPS> 5,325,624
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 211,685
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 102,094
<NUMBER-OF-SHARES-REDEEMED> 159,680
<SHARES-REINVESTED> 14,513
<NET-CHANGE-IN-ASSETS> 4,846,856
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (4,913,456)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 141,055
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 523,982
<AVERAGE-NET-ASSETS> 8,270,784
<PER-SHARE-NAV-BEGIN> 9.16
<PER-SHARE-NII> 0.25
<PER-SHARE-GAIN-APPREC> 0.70
<PER-SHARE-DIVIDEND> 0.25
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.86
<EXPENSE-RATIO> 0.91
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union North Carolina Muni.Class B
<SERIES>
<NUMBER> 009
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
<INVESTMENTS-AT-COST> 53,967,334
<INVESTMENTS-AT-VALUE> 55,519,609
<RECEIVABLES> 2,732,835
<ASSETS-OTHER> 23,854
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 58,276,298
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 192,512
<TOTAL-LIABILITIES> 192,512
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 60,915,230
<SHARES-COMMON-STOCK> 4,969,313
<SHARES-COMMON-PRIOR> 4,872,069
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,383,719)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,552,275
<NET-ASSETS> 48,997,570
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,714,933
<OTHER-INCOME> 0
<EXPENSES-NET> 435,082
<NET-INVESTMENT-INCOME> 1,279,851
<REALIZED-GAINS-CURRENT> 529,630
<APPREC-INCREASE-CURRENT> 3,516,143
<NET-CHANGE-FROM-OPS> 5,325,624
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,047,863
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 374,669
<NUMBER-OF-SHARES-REDEEMED> 353,921
<SHARES-REINVESTED> 76,496
<NET-CHANGE-IN-ASSETS> 4,846,856
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (4,913,456)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 141,055
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 523,982
<AVERAGE-NET-ASSETS> 47,856,578
<PER-SHARE-NAV-BEGIN> 9.16
<PER-SHARE-NII> 0.21
<PER-SHARE-GAIN-APPREC> 0.70
<PER-SHARE-DIVIDEND> 0.21
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.86
<EXPENSE-RATIO> 1.66
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union North Carolina Muni.Class Y
<SERIES>
<NUMBER> 009
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
<INVESTMENTS-AT-COST> 53,967,334
<INVESTMENTS-AT-VALUE> 55,519,609
<RECEIVABLES> 2,732,835
<ASSETS-OTHER> 23,854
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 58,276,298
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 192,512
<TOTAL-LIABILITIES> 192,512
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 60,915,230
<SHARES-COMMON-STOCK> 93,455
<SHARES-COMMON-PRIOR> 70,162
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,383,719)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,552,275
<NET-ASSETS> 921,424
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,714,933
<OTHER-INCOME> 0
<EXPENSES-NET> 435,082
<NET-INVESTMENT-INCOME> 1,279,851
<REALIZED-GAINS-CURRENT> 529,630
<APPREC-INCREASE-CURRENT> 3,516,143
<NET-CHANGE-FROM-OPS> 5,325,624
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 20,303
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,366
<NUMBER-OF-SHARES-REDEEMED> 4,375
<SHARES-REINVESTED> 302
<NET-CHANGE-IN-ASSETS> 4,846,856
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (4,913,456)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 141,055
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 523,982
<AVERAGE-NET-ASSETS> 762,331
<PER-SHARE-NAV-BEGIN> 9.16
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 0.70
<PER-SHARE-DIVIDEND> 0.26
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.86
<EXPENSE-RATIO> 0.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union South Carolina Muni.Class A
<SERIES>
<NUMBER> 015
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
<INVESTMENTS-AT-COST> 4,071,152
<INVESTMENTS-AT-VALUE> 4,132,482
<RECEIVABLES> 260,314
<ASSETS-OTHER> 25,949
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,418,745
<PAYABLE-FOR-SECURITIES> 198,264
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,092
<TOTAL-LIABILITIES> 204,356
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,168,323
<SHARES-COMMON-STOCK> 61,368
<SHARES-COMMON-PRIOR> 36,221
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (15,264)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 61,330
<NET-ASSETS> 580,636
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 106,057
<OTHER-INCOME> 0
<EXPENSES-NET> 18,157
<NET-INVESTMENT-INCOME> 87,900
<REALIZED-GAINS-CURRENT> 18,145
<APPREC-INCREASE-CURRENT> 281,110
<NET-CHANGE-FROM-OPS> 387,155
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 12,028
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 26,504
<NUMBER-OF-SHARES-REDEEMED> 1,840
<SHARES-REINVESTED> 483
<NET-CHANGE-IN-ASSETS> 1,353,649
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (33,409)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,783
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 97,635
<AVERAGE-NET-ASSETS> 431,905
<PER-SHARE-NAV-BEGIN> 8.62
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> 0.84
<PER-SHARE-DIVIDEND> 0.26
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.46
<EXPENSE-RATIO> 0.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union South Carolina Muni.Class B
<SERIES>
<NUMBER> 015
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
<INVESTMENTS-AT-COST> 4,071,152
<INVESTMENTS-AT-VALUE> 4,132,482
<RECEIVABLES> 260,314
<ASSETS-OTHER> 25,949
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,418,745
<PAYABLE-FOR-SECURITIES> 198,264
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,092
<TOTAL-LIABILITIES> 204,356
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,168,323
<SHARES-COMMON-STOCK> 354,399
<SHARES-COMMON-PRIOR> 284,889
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (15,264)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 61,330
<NET-ASSETS> 3,354,017
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 106,057
<OTHER-INCOME> 0
<EXPENSES-NET> 18,157
<NET-INVESTMENT-INCOME> 87,900
<REALIZED-GAINS-CURRENT> 18,145
<APPREC-INCREASE-CURRENT> 281,110
<NET-CHANGE-FROM-OPS> 387,155
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 69,201
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 84,206
<NUMBER-OF-SHARES-REDEEMED> 20,025
<SHARES-REINVESTED> 5,329
<NET-CHANGE-IN-ASSETS> 1,353,649
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (33,409)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,783
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 97,635
<AVERAGE-NET-ASSETS> 2,865,687
<PER-SHARE-NAV-BEGIN> 8.62
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> 0.84
<PER-SHARE-DIVIDEND> 0.22
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.46
<EXPENSE-RATIO> 1.19
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union South Carolina Muni.Class Y
<SERIES>
<NUMBER> 015
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
<INVESTMENTS-AT-COST> 4,071,152
<INVESTMENTS-AT-VALUE> 4,132,482
<RECEIVABLES> 260,314
<ASSETS-OTHER> 25,949
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,418,745
<PAYABLE-FOR-SECURITIES> 198,264
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,092
<TOTAL-LIABILITIES> 204,356
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,168,323
<SHARES-COMMON-STOCK> 29,555
<SHARES-COMMON-PRIOR> 10,698
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (15,264)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 61,330
<NET-ASSETS> 279,736
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 106,057
<OTHER-INCOME> 0
<EXPENSES-NET> 18,157
<NET-INVESTMENT-INCOME> 87,900
<REALIZED-GAINS-CURRENT> 18,145
<APPREC-INCREASE-CURRENT> 281,110
<NET-CHANGE-FROM-OPS> 387,155
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,671
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 18,873
<NUMBER-OF-SHARES-REDEEMED> 70
<SHARES-REINVESTED> 54
<NET-CHANGE-IN-ASSETS> 1,353,649
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (33,409)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,783
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 97,635
<AVERAGE-NET-ASSETS> 227,763
<PER-SHARE-NAV-BEGIN> 8.62
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 0.84
<PER-SHARE-DIVIDEND> 0.27
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.46
<EXPENSE-RATIO> 0.19
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Money Market Fund Class A
<SERIES>
<NUMBER> 004
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
<INVESTMENTS-AT-COST> 621,696,368
<INVESTMENTS-AT-VALUE> 621,696,368
<RECEIVABLES> 1,441,484
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 623,137,852
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,421,332
<TOTAL-LIABILITIES> 2,421,332
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 620,712,246
<SHARES-COMMON-STOCK> 555,608,363
<SHARES-COMMON-PRIOR> 95,759,773
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,274
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 555,612,637
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10,702,146
<OTHER-INCOME> 0
<EXPENSES-NET> 1,231,117
<NET-INVESTMENT-INCOME> 9,471,029
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 8,398,727
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 848,869,800
<NUMBER-OF-SHARES-REDEEMED> 391,882,304
<SHARES-REINVESTED> 2,865,369
<NET-CHANGE-IN-ASSETS> 502,831,950
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 594,948
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,455,280
<AVERAGE-NET-ASSETS> 303,804,721
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.03
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Money Market Fund Class B
<SERIES>
<NUMBER> 003
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
<INVESTMENTS-AT-COST> 621,696,368
<INVESTMENTS-AT-VALUE> 621,696,368
<RECEIVABLES> 1,441,484
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 623,137,852
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,421,332
<TOTAL-LIABILITIES> 2,421,332
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 620,712,246
<SHARES-COMMON-STOCK> 8,753,722
<SHARES-COMMON-PRIOR> 11,721,779
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,274
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 555,612,637
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10,702,146
<OTHER-INCOME> 0
<EXPENSES-NET> 1,231,117
<NET-INVESTMENT-INCOME> 9,471,029
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 241,569
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,652,214
<NUMBER-OF-SHARES-REDEEMED> 5,780,561
<SHARES-REINVESTED> 160,289
<NET-CHANGE-IN-ASSETS> 502,831,950
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 594,948
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,455,280
<AVERAGE-NET-ASSETS> 10,271,336
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.02
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> 0.02
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 1.48
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<NAME> First Union Money Market Fund Class Y
<SERIES>
<NUMBER> 004
<S> <C>
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Dec-31-1995
<PERIOD-START> Jan-01-1995
<PERIOD-END> Jun-30-1995
<EXCHANGE-RATE> 0
<INVESTMENTS-AT-COST> 621,696,368
<INVESTMENTS-AT-VALUE> 621,696,368
<RECEIVABLES> 1,441,484
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 623,137,852
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,421,332
<TOTAL-LIABILITIES> 2,421,332
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 620,712,246
<SHARES-COMMON-STOCK> 56,350,161
<SHARES-COMMON-PRIOR> 10,403,018
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,274
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 10,403,018
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10,702,146
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NAME> First Union Tax-Free MM Fund Class A
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<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NAME> First Union Tax-Free MM Fund Class Y
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