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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 5
072 X000400 122
072 Y000400 49
072 Z000400 261
072AA000400 702
072BB000400 0
072CC010400 8745
072CC020400 0
072DD010400 257
072DD020400 0
072EE000400 1714
073 A010400 0.1069
073 A020400 0.0000
073 B000400 0.7340
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 3598
074 D000400 0
074 E000400 0
074 F000400 35266
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
<PAGE> PAGE 22
074 K000400 0
074 L000400 51
074 M000400 0
074 N000400 38915
074 O000400 0
074 P000400 4
074 Q000400 0
074 R010400 21
074 R020400 0
074 R030400 0
074 R040400 0
074 S000400 0
074 T000400 38890
074 U010400 2499
074 U020400 0
074 V010400 15.56
074 V020400 0.00
074 W000400 0.0000
074 X000400 1034
074 Y000400 0
075 A000400 0
075 B000400 36464
076 000400 0.00
083 A000400 N
083 B000400 0
084 A000400 N
084 B000400 0
085 A000400 N
085 B000400 N
028 A010500 1283
028 A020500 3
028 A030500 0
028 A040500 0
028 B010500 610
028 B020500 0
028 B030500 0
028 B040500 6
028 C010500 194
028 C020500 53
028 C030500 0
028 C040500 456
028 D010500 1138
028 D020500 27
028 D030500 0
028 D040500 10
028 E010500 303
028 E020500 0
028 E030500 0
028 E040500 8
028 F010500 94
028 F020500 0
<PAGE> PAGE 23
028 F030500 0
028 F040500 0
028 G010500 3622
028 G020500 83
028 G030500 0
028 G040500 480
028 H000500 0
034 000500 N
035 000500 0
036 B000500 0
037 000500 N
038 000500 0
039 000500 Y
040 000500 N
041 000500 N
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.000
048 A010500 500000
048 A020500 0.500
048 B010500 1000000
048 B020500 0.450
048 C010500 0
048 C020500 0.400
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
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
055 A000500 N
055 B000500 N
056 000500 N
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 Y
060 B000500 Y
061 000500 5000
062 A000500 N
<PAGE> PAGE 24
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 E000500 Y
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 Y
070 F020500 Y
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
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
<PAGE> PAGE 25
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 2023
071 B000500 0
071 C000500 2313
071 D000500 0
072 A000500 6
072 B000500 38
072 C000500 15
072 D000500 0
072 E000500 0
072 F000500 6
072 G000500 0
072 H000500 0
072 I000500 4
072 J000500 2
072 K000500 0
072 L000500 0
072 M000500 1
072 N000500 1
072 O000500 0
072 P000500 0
072 Q000500 12
072 R000500 0
072 S000500 3
072 T000500 0
072 U000500 0
072 V000500 0
072 W000500 3
072 X000500 33
072 Y000500 24
072 Z000500 44
072AA000500 75
072BB000500 0
072CC010500 190
072CC020500 0
072DD010500 33
072DD020500 0
072EE000500 54
073 A010500 0.1099
073 A020500 0.0000
073 B000500 0.2691
073 C000500 0.0000
074 A000500 0
074 B000500 0
<PAGE> PAGE 26
074 C000500 1237
074 D000500 0
074 E000500 0
074 F000500 2160
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 32
074 M000500 0
074 N000500 3429
074 O000500 0
074 P000500 3
074 Q000500 0
074 R010500 16
074 R020500 0
074 R030500 0
074 R040500 0
074 S000500 0
074 T000500 3410
074 U010500 303
074 U020500 0
074 V010500 11.24
074 V020500 0.00
074 W000500 0.0000
074 X000500 324
074 Y000500 0
075 A000500 0
075 B000500 2313
076 000500 0.00
028 A010600 0
028 A020600 0
028 A030600 0
028 A040600 0
028 B010600 1464
028 B020600 0
028 B030600 0
028 B040600 0
028 C010600 396
028 C020600 0
028 C030600 0
028 C040600 0
028 D010600 581
028 D020600 0
028 D030600 0
028 D040600 0
028 E010600 424
028 E020600 24
028 E030600 0
028 E040600 139
<PAGE> PAGE 27
028 F010600 805
028 F020600 0
028 F030600 0
028 F040600 217
028 G010600 3670
028 G020600 24
028 G030600 0
028 G040600 356
028 H000600 0
034 000600 N
035 000600 0
036 B000600 0
037 000600 N
038 000600 0
039 000600 Y
040 000600 N
041 000600 N
045 000600 Y
046 000600 N
047 000600 Y
048 000600 0.000
048 A010600 500000
048 A020600 0.500
048 B010600 1000000
048 B020600 0.450
048 C010600 0
048 C020600 0.400
048 D010600 0
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
055 A000600 N
055 B000600 N
056 000600 N
057 000600 N
058 A000600 N
059 000600 Y
060 A000600 Y
060 B000600 Y
<PAGE> PAGE 28
061 000600 5000
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
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
066 A000600 Y
066 E000600 Y
067 000600 N
068 A000600 N
068 B000600 N
069 000600 Y
070 A010600 Y
070 A020600 N
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 Y
070 F020600 Y
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 Y
070 L020600 N
070 M010600 N
070 M020600 N
<PAGE> PAGE 29
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 3035
071 B000600 23
071 C000600 1793
071 D000600 1
072 A000600 6
072 B000600 35
072 C000600 2
072 D000600 0
072 E000600 0
072 F000600 4
072 G000600 0
072 H000600 0
072 I000600 4
072 J000600 2
072 K000600 0
072 L000600 0
072 M000600 1
072 N000600 2
072 O000600 0
072 P000600 0
072 Q000600 10
072 R000600 0
072 S000600 2
072 T000600 0
072 U000600 0
072 V000600 0
072 W000600 1
072 X000600 26
072 Y000600 20
072 Z000600 31
072AA000600 89
072BB000600 0
072CC010600 0
072CC020600 73
072DD010600 25
072DD020600 0
072EE000600 0
073 A010600 0.1025
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
<PAGE> PAGE 30
074 A000600 0
074 B000600 0
074 C000600 431
074 D000600 0
074 E000600 0
074 F000600 2945
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 15
074 L000600 4
074 M000600 0
074 N000600 3395
074 O000600 10
074 P000600 0
074 Q000600 0
074 R010600 15
074 R020600 0
074 R030600 0
074 R040600 0
074 S000600 0
074 T000600 3370
074 U010600 328
074 U020600 0
074 V010600 10.28
074 V020600 0.00
074 W000600 0.0000
074 X000600 412
074 Y000600 0
075 A000600 0
075 B000600 1793
076 000600 0.00
SIGNATURE STEVE RODGERS
TITLE ADMINISTRATOR
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The following figures have been rounded to the nearest thousand.
</LEGEND>
<CIK> 0000778205
<NAME> California Investment Trust Fund Group II
<SERIES>
<NUMBER> 5
<NAME> Equity Income Fund
<MULTIPLIER> 1
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> FEB-28-1997
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 3,259,000
<INVESTMENTS-AT-VALUE> 3,397,000
<RECEIVABLES> 32,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,429,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 18,000
<TOTAL-LIABILITIES> 18,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,180,000
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 19,000
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 21,000
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 190,000
<NET-ASSETS> 3,410,000
<DIVIDEND-INCOME> 15,000
<INTEREST-INCOME> 38,000
<OTHER-INCOME> 0
<EXPENSES-NET> 9,000
<NET-INVESTMENT-INCOME> 44,000
<REALIZED-GAINS-CURRENT> 75,000
<APPREC-INCREASE-CURRENT> 190,000
<NET-CHANGE-FROM-OPS> 309,000
<EQUALIZATION> 8,000
<DISTRIBUTIONS-OF-INCOME> 33,000
<DISTRIBUTIONS-OF-GAINS> 54,000
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 341,000
<NUMBER-OF-SHARES-REDEEMED> 46,000
<SHARES-REINVESTED> 8,000
<NET-CHANGE-IN-ASSETS> 3,180,000
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.20
<PER-SHARE-GAIN-APPREC> 1.45
<PER-SHARE-DIVIDEND> 0.14
<PER-SHARE-DISTRIBUTIONS> 0.27
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.24
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The following figures have been rounded to the nearest thousand.
</LEGEND>
<CIK> 0000778205
<NAME> California Investment Trust Fund Group II
<SERIES>
<NUMBER> 6
<NAME> S & P Smallcap Index Fund
<MULTIPLIER> 1
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> FEB-28-1997
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 3,444,000
<INVESTMENTS-AT-VALUE> 3,376,000
<RECEIVABLES> 19,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,395,000
<PAYABLE-FOR-SECURITIES> 10,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15,000
<TOTAL-LIABILITIES> 25,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,337,000
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 17,000
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 89,000
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (73,000)
<NET-ASSETS> 3,370,000
<DIVIDEND-INCOME> 2,000
<INTEREST-INCOME> 35,000
<OTHER-INCOME> 0
<EXPENSES-NET> 6,000
<NET-INVESTMENT-INCOME> 32,000
<REALIZED-GAINS-CURRENT> 89,000
<APPREC-INCREASE-CURRENT> (73,000)
<NET-CHANGE-FROM-OPS> 48,000
<EQUALIZATION> 11,000
<DISTRIBUTIONS-OF-INCOME> 25,000
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 360,000
<NUMBER-OF-SHARES-REDEEMED> 35,000
<SHARES-REINVESTED> 2,000
<NET-CHANGE-IN-ASSETS> 3,337,000
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.15
<PER-SHARE-GAIN-APPREC> 0.23
<PER-SHARE-DIVIDEND> 0.10
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.28
<EXPENSE-RATIO> 0.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The following figures have been rounded to the nearest thousand.
</LEGEND>
<CIK> 0000778205
<NAME> California Investment Trust Fund Group II
<SERIES>
<NUMBER> 3
<NAME> S & P 500 Index Fund
<MULTIPLIER> 1
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> FEB-28-1997
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 43,567,000
<INVESTMENTS-AT-VALUE> 58,318,000
<RECEIVABLES> 127,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 58,444,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 23,000
<TOTAL-LIABILITIES> 23,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 43,064,000
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 188,000
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 315,000
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14,855,000
<NET-ASSETS> 58,422,000
<DIVIDEND-INCOME> 459,000
<INTEREST-INCOME> 163,000
<OTHER-INCOME> 0
<EXPENSES-NET> 51,000
<NET-INVESTMENT-INCOME> 571,000
<REALIZED-GAINS-CURRENT> 740,000
<APPREC-INCREASE-CURRENT> 8,745,000
<NET-CHANGE-FROM-OPS> 10,056,000
<EQUALIZATION> 11,000
<DISTRIBUTIONS-OF-INCOME> 579,000
<DISTRIBUTIONS-OF-GAINS> 870,000
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 479,000
<NUMBER-OF-SHARES-REDEEMED> 207,000
<SHARES-REINVESTED> 85,000
<NET-CHANGE-IN-ASSETS> 5,955,000
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 14.81
<PER-SHARE-NII> 0.19
<PER-SHARE-GAIN-APPREC> 3.08
<PER-SHARE-DIVIDEND> 0.19
<PER-SHARE-DISTRIBUTIONS> 0.28
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.61
<EXPENSE-RATIO> 0.20
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The following figures have been rounded to the nearest thousand.
</LEGEND>
<CIK> 0000778205
<NAME> California Investment Trust Fund Group II
<SERIES>
<NUMBER> 4
<NAME> S & P Midcap Index Fund
<MULTIPLIER> 1
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> FEB-28-1997
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 30,631,000
<INVESTMENTS-AT-VALUE> 38,864,000
<RECEIVABLES> 51,000
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 38,915,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 25,000
<TOTAL-LIABILITIES> 25,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 30,116,000
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 89,000
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 408,000
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,278,000
<NET-ASSETS> 38,890,000
<DIVIDEND-INCOME> 257,000
<INTEREST-INCOME> 77,000
<OTHER-INCOME> 0
<EXPENSES-NET> 73,000
<NET-INVESTMENT-INCOME> 261,000
<REALIZED-GAINS-CURRENT> 702,000
<APPREC-INCREASE-CURRENT> 3,662,000
<NET-CHANGE-FROM-OPS> 4,625,000
<EQUALIZATION> 2,000
<DISTRIBUTIONS-OF-INCOME> 257,000
<DISTRIBUTIONS-OF-GAINS> 1,714,000
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 228,000
<NUMBER-OF-SHARES-REDEEMED> 173,000
<SHARES-REINVESTED> 121,000
<NET-CHANGE-IN-ASSETS> 2,674,000
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 14.45
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 1.84
<PER-SHARE-DIVIDEND> 0.11
<PER-SHARE-DISTRIBUTIONS> 0.73
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.56
<EXPENSE-RATIO> 0.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The following figures have been rounded to the nearest thousand.
</LEGEND>
<CIK> 0000778205
<NAME> California Investment Trust Fund Group II
<SERIES>
<NUMBER> 1
<NAME> U.S. Government Securities Fund
<MULTIPLIER> 1
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> FEB-28-1997
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 29,077,000
<INVESTMENTS-AT-VALUE> 29,024,000
<RECEIVABLES> 271,000
<ASSETS-OTHER> 69,000
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,364,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 165,000
<TOTAL-LIABILITIES> 165,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28,933,000
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 5,000
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 314,000
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (53,000)
<NET-ASSETS> 29,199,000
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,016,000
<OTHER-INCOME> 0
<EXPENSES-NET> 97,000
<NET-INVESTMENT-INCOME> 918,000
<REALIZED-GAINS-CURRENT> 261,000
<APPREC-INCREASE-CURRENT> 833,000
<NET-CHANGE-FROM-OPS> 2,012,000
<EQUALIZATION> (4,000)
<DISTRIBUTIONS-OF-INCOME> 920,000
<DISTRIBUTIONS-OF-GAINS> 401,000
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 181,000
<NUMBER-OF-SHARES-REDEEMED> 310,000
<SHARES-REINVESTED> 74,000
<NET-CHANGE-IN-ASSETS> (576,000)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 10.15
<PER-SHARE-NII> 0.33
<PER-SHARE-GAIN-APPREC> 0.37
<PER-SHARE-DIVIDEND> 0.33
<PER-SHARE-DISTRIBUTIONS> 0.13
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.39
<EXPENSE-RATIO> 0.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
The following figures have been rounded to the nearest thousand.
</LEGEND>
<CIK> 0000778205
<NAME> California Investment Trust Fund Group II
<SERIES>
<NUMBER> 2
<NAME> The United States Treasury Trust
<MULTIPLIER> 1
<CURRENCY> U.S. Dollars
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> SEP-01-1996
<PERIOD-END> FEB-28-1997
<EXCHANGE-RATE> 1.000
<INVESTMENTS-AT-COST> 41,693,000
<INVESTMENTS-AT-VALUE> 41,693,000
<RECEIVABLES> 0
<ASSETS-OTHER> 23,000
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 41,716,000
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 145,000
<TOTAL-LIABILITIES> 145,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41,570,000
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 810,000
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 41,571,000
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 962,000
<OTHER-INCOME> 0
<EXPENSES-NET> 74,000
<NET-INVESTMENT-INCOME> 888,000
<REALIZED-GAINS-CURRENT> (1,000)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 887,000
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 888,000
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 58,709
<NUMBER-OF-SHARES-REDEEMED> 55,731
<SHARES-REINVESTED> 690,000
<NET-CHANGE-IN-ASSETS> 3,669,000
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.024
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.024
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
