<PAGE> PAGE 1
000 A000000 02/28/98
000 C000000 0000778205
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 CALIFORNIA INVESTMENT TRUST 2
001 B000000 811-4418
001 C000000 4153982727
002 A000000 44 MONTGOMERY STREET, SUITE 2100
002 B000000 SAN FRANSISCO
002 C000000 CA
002 D010000 94104
002 D020000 9635
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 6
007 C010100 1
007 C020100 US GOVERNMENT SECURITIES FUND
007 C030100 N
007 C010200 2
007 C020200 US TREASUREY TRUST
007 C030200 N
007 C010300 3
007 C020300 S&P 500 INDEX FUND
007 C030300 N
007 C010400 4
007 C020400 S&P MIDCAP INDEX FUND
007 C030400 N
007 C010500 5
007 C020500 EQUITY INCOME FUND
007 C030500 N
007 C010600 6
007 C020600 S&P SMALL CAP INDEX FUND
007 C030600 N
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 CCM PARTNERS
008 B00AA01 A
008 C00AA01 801-25205
008 D01AA01 SAN FRANCISCO
008 D02AA01 CA
008 D03AA01 94104
<PAGE> PAGE 2
008 D04AA01 9635
010 A00AA01 CCM PARTNERS
010 C01AA01 SAN FRANSISCO
010 C02AA01 CA
010 C03AA01 94104
010 C04AA01 9635
011 A00AA01 RFS PARTNERS
011 B00AA01 8-08119
011 C01AA01 SAN FRANCISCO
011 C02AA01 CA
011 C03AA01 94104
011 C04AA01 9635
012 A00AA01 FIRSTAR TRUST COMPANY
012 B00AA01 84-111
012 C01AA01 MILWAUKEE
012 C02AA01 WI
012 C03AA01 53201
013 A00AA01 TAIT WELLER AND BAKER
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
013 B04AA01 2108
014 A00AA01 RFS PARTNERS
014 B00AA01 8-018119
015 A00AA01 FIRSTAR TRUST COMPANY
015 B00AA01 C
015 C01AA01 MILWAUKEE
015 C02AA01 WI
015 C03AA01 53201
015 E03AA01 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 9
019 C00AA00 CALIFINVST
020 A000001 CAPITAL INST. SERVICES
020 B000001 75156-5706
020 C000001 6
020 A000002 MERRILL LYNCH
020 B000002 135674085
020 C000002 1
020 A000003 BEAR STEARNS
020 B000003 221019783
020 C000003 3
020 A000004 SMITH BARNEY
020 B000004 131912900
020 C000004 2
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
<PAGE> PAGE 3
020 C000010 0
021 000000 19
022 A000001 PAINE WEBBER
022 B000001 13-2638166
022 C000001 146170
022 D000001 135213
022 A000002 MORGAN STANLEY & CO
022 B000002 13-2655998
022 C000002 59411
022 D000002 36350
022 A000003 GOLDMAN SACHS
022 B000003 13-5108880
022 C000003 32572
022 D000003 21192
022 A000004 SMITH BARNEY
022 B000004 13-1912900
022 C000004 21100
022 D000004 18131
022 A000005 LEHMAN BROTHERS
022 B000005 13-2655598
022 C000005 24900
022 D000005 8100
022 A000006 NUVEEN, JOHN & CO
022 B000006 36-2639476
022 C000006 17300
022 D000006 15700
022 A000007 MERRILL LYNCH
022 B000007 13-5674085
022 C000007 14743
022 D000007 12911
022 A000008 LEHMAN GOVERNMENT SECRITIES
022 B000008 13-2655998
022 C000008 6100
022 D000008 7100
022 A000009 STONE AND YOUNGBERG
022 B000009 13-2266878
022 C000009 9299
022 D000009 213
022 A000010 FIRST ALBANY CORPORATION
022 B000010 13-2798666
022 C000010 0
022 D000010 2972
023 C000000 351684
023 D000000 262102
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
<PAGE> PAGE 4
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 Y
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
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
077 A000000 N
<PAGE> PAGE 5
078 000000 N
080 A00AA00 GOLF INSURANCE CO.
080 C00AA00 1500
081 A00AA00 Y
081 B00AA00 8
082 A00AA00 N
082 B00AA00 0
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
028 A010100 2697
028 A020100 104
028 A030100 0
028 A040100 1864
028 B010100 2594
028 B020100 119
028 B030100 0
028 B040100 2534
028 C010100 1078
028 C020100 111
028 C030100 0
028 C040100 1264
028 D010100 1699
028 D020100 751
028 D030100 0
028 D040100 1497
028 E010100 848
028 E020100 129
028 E030100 0
028 E040100 2120
028 F010100 813
028 F020100 4
028 F030100 0
028 F040100 2208
028 G010100 9729
028 G020100 1218
028 G030100 0
028 G040100 11487
028 H000100 0
034 000100 N
035 000100 0
036 B000100 0
<PAGE> PAGE 6
037 000100 N
038 000100 0
039 000100 N
040 000100 N
041 000100 N
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 100000
048 A020100 0.500
048 B010100 400000
048 B020100 0.450
048 C010100 0
048 C020100 0.400
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
055 A000100 N
055 B000100 N
056 000100 N
057 000100 N
058 A000100 N
059 000100 Y
060 A000100 Y
060 B000100 Y
061 000100 10000
062 A000100 Y
062 B000100 7.1
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
<PAGE> PAGE 7
062 L000100 0.0
062 M000100 59.6
062 N000100 33.3
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 0
063 B000100 20.9
064 A000100 Y
064 B000100 N
066 A000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
<PAGE> PAGE 8
070 R020100 N
071 A000100 26537
071 B000100 26011
071 C000100 36768
071 D000100 71
072 A000100 6
072 B000100 1033
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 91
072 G000100 0
072 H000100 0
072 I000100 8
072 J000100 5
072 K000100 0
072 L000100 1
072 M000100 1
072 N000100 2
072 O000100 0
072 P000100 0
072 Q000100 11
072 R000100 4
072 S000100 0
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 0
072 X000100 122
072 Y000100 3
072 Z000100 915
072AA000100 439
072BB000100 0
072CC010100 0
072CC020100 1420
072DD010100 915
072DD020100 0
072EE000100 836
073 A010100 0.2800
073 A020100 0.0000
073 B000100 0.2600
073 C000100 0.0000
074 A000100 38
074 B000100 0
074 C000100 0
074 D000100 33655
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
<PAGE> PAGE 9
074 J000100 0
074 K000100 0
074 L000100 196
074 M000100 0
074 N000100 33890
074 O000100 0
074 P000100 29
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 154
074 R040100 0
074 S000100 0
074 T000100 33707
074 U010100 3136
074 U020100 0
074 V010100 10.75
074 V020100 0.00
074 W000100 0.0000
074 X000100 309
074 Y000100 0
075 A000100 0
075 B000100 36768
076 000100 0.00
083 A000100 N
083 B000100 0
084 A000100 N
084 B000100 0
085 A000100 N
085 B000100 N
028 A010200 17983
028 A020200 169
028 A030200 0
028 A040200 16514
028 B010200 21667
028 B020200 180
028 B030200 0
028 B040200 20213
028 C010200 16060
028 C020200 179
028 C030200 0
028 C040200 16963
028 D010200 23457
028 D020200 157
028 D030200 0
028 D040200 17897
028 E010200 17378
028 E020200 193
028 E030200 0
028 E040200 22017
028 F010200 14418
<PAGE> PAGE 10
028 F020200 158
028 F030200 0
028 F040200 7963
028 G010200 110963
028 G020200 1036
028 G030200 0
028 G040200 101569
028 H000200 0
034 000200 N
035 000200 0
036 B000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 N
041 000200 N
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.000
048 A010200 100000
048 A020200 0.500
048 B010200 400000
048 B020200 0.450
048 C010200 0
048 C020200 0.400
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
055 A000200 N
055 B000200 N
056 000200 N
057 000200 N
058 A000200 N
059 000200 Y
060 A000200 Y
060 B000200 Y
061 000200 10000
<PAGE> PAGE 11
062 A000200 Y
062 B000200 100.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 68
063 B000200 0.0
064 A000200 N
064 B000200 N
066 A000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
<PAGE> PAGE 12
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 1191
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 129
072 G000200 0
072 H000200 0
072 I000200 7
072 J000200 5
072 K000200 0
072 L000200 1
072 M000200 1
072 N000200 2
072 O000200 0
072 P000200 0
072 Q000200 12
072 R000200 4
072 S000200 0
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 0
072 X000200 161
072 Y000200 51
072 Z000200 1081
072AA000200 0
072BB000200 13
072CC010200 0
072CC020200 0
072DD010200 1081
072DD020200 0
072EE000200 0
073 A010200 0.0200
073 A020200 0.0000
<PAGE> PAGE 13
073 B000200 0.0000
073 C000200 0.0000
074 A000200 39
074 B000200 0
074 C000200 54902
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 0
074 M000200 0
074 N000200 54941
074 O000200 0
074 P000200 25
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 165
074 S000200 0
074 T000200 54751
074 U010200 54764
074 U020200 0
074 V010200 1.00
074 V020200 0.00
074 W000200 0.0000
074 X000200 258
074 Y000200 0
075 A000200 0
075 B000200 0
076 000200 0.00
083 A000200 N
083 B000200 0
084 A000200 N
084 B000200 0
085 A000200 N
085 B000200 N
028 A010300 5026
028 A020300 0
028 A030300 0
028 A040300 3012
028 B010300 2016
028 B020300 436
028 B030300 0
028 B040300 1349
028 C010300 5707
028 C020300 0
<PAGE> PAGE 14
028 C030300 0
028 C040300 1435
028 D010300 4915
028 D020300 2507
028 D030300 0
028 D040300 851
028 E010300 2456
028 E020300 416
028 E030300 0
028 E040300 2353
028 F010300 2280
028 F020300 0
028 F030300 0
028 F040300 4528
028 G010300 22400
028 G020300 3359
028 G030300 0
028 G040300 13528
028 H000300 0
034 000300 N
035 000300 0
036 B000300 0
037 000300 N
038 000300 0
039 000300 Y
040 000300 N
041 000300 N
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 0
048 A020300 0.250
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
<PAGE> PAGE 15
048 K010300 0
048 K020300 0.000
055 A000300 N
055 B000300 N
056 000300 N
057 000300 N
058 A000300 N
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 5000
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 E000300 Y
068 A000300 N
068 B000300 N
069 000300 Y
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 Y
070 F020300 Y
070 G010300 N
070 G020300 N
070 H010300 N
<PAGE> PAGE 16
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 N
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 Y
070 Q020300 Y
070 R010300 N
070 R020300 N
071 A000300 22892
071 B000300 6185
071 C000300 112372
071 D000300 5
072 A000300 6
072 B000300 307
072 C000300 687
072 D000300 0
072 E000300 0
072 F000300 139
072 G000300 0
072 H000300 0
072 I000300 15
072 J000300 10
072 K000300 0
072 L000300 3
072 M000300 1
072 N000300 5
072 O000300 0
072 P000300 0
072 Q000300 27
072 R000300 5
072 S000300 0
072 T000300 0
072 U000300 0
072 V000300 0
072 W000300 9
072 X000300 213
072 Y000300 102
072 Z000300 883
<PAGE> PAGE 17
072AA000300 4082
072BB000300 0
072CC010300 23035
072CC020300 0
072DD010300 927
072DD020300 0
072EE000300 2602
073 A010300 0.2000
073 A020300 0.0000
073 B000300 0.5804
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 124234
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 10
074 K000300 0
074 L000300 167
074 M000300 0
074 N000300 124411
074 O000300 0
074 P000300 16
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 45
074 S000300 0
074 T000300 124350
074 U010300 4702
074 U020300 0
074 V010300 26.45
074 V020300 0.00
074 W000300 0.0000
074 X000300 1360
074 Y000300 0
075 A000300 0
075 B000300 112372
076 000300 0.00
083 A000300 N
083 B000300 0
084 A000300 N
084 B000300 0
085 A000300 Y
085 B000300 N
028 A010400 377
<PAGE> PAGE 18
028 A020400 0
028 A030400 0
028 A040400 1144
028 B010400 506
028 B020400 118
028 B030400 0
028 B040400 474
028 C010400 2682
028 C020400 0
028 C030400 0
028 C040400 417
028 D010400 892
028 D020400 6285
028 D030400 0
028 D040400 766
028 E010400 2228
028 E020400 148
028 E030400 0
028 E040400 1858
028 F010400 295
028 F020400 0
028 F030400 0
028 F040400 1045
028 G010400 6980
028 G020400 6551
028 G030400 0
028 G040400 5704
028 H000400 0
034 000400 N
035 000400 0
036 B000400 0
037 000400 N
038 000400 0
039 000400 Y
040 000400 N
041 000400 N
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.000
048 A010400 0
048 A020400 0.400
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
<PAGE> PAGE 19
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
055 A000400 N
055 B000400 N
056 000400 N
057 000400 N
058 A000400 N
059 000400 Y
060 A000400 Y
060 B000400 Y
061 000400 5000
062 A000400 N
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 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 0.0
066 A000400 Y
066 D000400 Y
067 000400 N
068 A000400 N
068 B000400 N
069 000400 Y
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
<PAGE> PAGE 20
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 Y
070 F020400 Y
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 N
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 N
070 P020400 N
070 Q010400 Y
070 Q020400 Y
070 R010400 N
070 R020400 N
071 A000400 16273
071 B000400 11302
071 C000400 49559
071 D000400 23
072 A000400 6
072 B000400 124
072 C000400 287
072 D000400 0
072 E000400 0
072 F000400 98
072 G000400 0
072 H000400 0
072 I000400 8
072 J000400 6
072 K000400 0
072 L000400 2
072 M000400 1
072 N000400 3
072 O000400 0
072 P000400 0
<PAGE> PAGE 21
072 Q000400 14
072 R000400 4
072 S000400 0
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 5
072 X000400 140
072 Y000400 42
072 Z000400 313
072AA000400 7992
072BB000400 0
072CC010400 2421
072CC020400 0
072DD010400 303
072DD020400 0
072EE000400 6701
073 A010400 0.1000
073 A020400 0.0000
073 B000400 2.5100
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 51353
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 60
074 M000400 0
074 N000400 51413
074 O000400 21
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 10
074 S000400 0
074 T000400 51382
074 U010400 3036
074 U020400 0
074 V010400 16.92
074 V020400 0.00
074 W000400 0.0000
074 X000400 490
074 Y000400 0
<PAGE> PAGE 22
075 A000400 0
075 B000400 49559
076 000400 0.00
083 A000400 N
083 B000400 0
084 A000400 N
084 B000400 0
085 A000400 N
085 B000400 N
028 A010500 56
028 A020500 0
028 A030500 0
028 A040500 1278
028 B010500 275
028 B020500 88
028 B030500 0
028 B040500 372
028 C010500 332
028 C020500 0
028 C030500 0
028 C040500 168
028 D010500 999
028 D020500 0
028 D030500 0
028 D040500 870
028 E010500 37
028 E020500 77
028 E030500 0
028 E040500 443
028 F010500 106
028 F020500 0
028 F030500 0
028 F040500 125
028 G010500 1805
028 G020500 165
028 G030500 0
028 G040500 3256
028 H000500 0
034 000500 N
035 000500 0
036 B000500 0
037 000500 N
038 000500 0
039 000500 N
040 000500 N
041 000500 N
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.000
048 A010500 500000
<PAGE> PAGE 23
048 A020500 0.500
048 B010500 500000
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
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
<PAGE> PAGE 24
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
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 Y
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 Y
070 Q020500 Y
070 R010500 N
070 R020500 N
071 A000500 1317
071 B000500 2299
071 C000500 12850
071 D000500 10
072 A000500 6
072 B000500 88
072 C000500 109
072 D000500 0
072 E000500 0
072 F000500 32
072 G000500 0
072 H000500 0
<PAGE> PAGE 25
072 I000500 6
072 J000500 3
072 K000500 0
072 L000500 1
072 M000500 1
072 N000500 1
072 O000500 0
072 P000500 0
072 Q000500 4
072 R000500 4
072 S000500 0
072 T000500 0
072 U000500 3
072 V000500 0
072 W000500 0
072 X000500 55
072 Y000500 4
072 Z000500 146
072AA000500 0
072BB000500 227
072CC010500 2422
072CC020500 0
072DD010500 171
072DD020500 0
072EE000500 0
073 A010500 0.1800
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 12950
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 38
074 M000500 0
074 N000500 12988
074 O000500 0
074 P000500 10
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 22
074 S000500 0
<PAGE> PAGE 26
074 T000500 12956
074 U010500 910
074 U020500 0
074 V010500 14.24
074 V020500 0.00
074 W000500 0.0000
074 X000500 134
074 Y000500 0
075 A000500 0
075 B000500 12850
076 000500 0.00
083 A000500 N
083 B000500 0
084 A000500 N
084 B000500 0
085 A000500 N
085 B000500 N
028 A010600 166
028 A020600 0
028 A030600 0
028 A040600 401
028 B010600 2133
028 B020600 18
028 B030600 0
028 B040600 621
028 C010600 1086
028 C020600 0
028 C030600 0
028 C040600 2497
028 D010600 1939
028 D020600 109
028 D030600 0
028 D040600 373
028 E010600 158
028 E020600 17
028 E030600 0
028 E040600 1827
028 F010600 19
028 F020600 0
028 F030600 0
028 F040600 393
028 G010600 5501
028 G020600 144
028 G030600 0
028 G040600 6112
028 H000600 0
034 000600 N
035 000600 0
036 B000600 0
037 000600 N
038 000600 0
<PAGE> PAGE 27
039 000600 N
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 500000
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
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
<PAGE> PAGE 28
062 N000600 0.0
062 O000600 0.0
062 P000600 0.0
062 Q000600 0.0
062 R000600 0.0
066 A000600 Y
066 D000600 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
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 Y
070 Q020600 Y
070 R010600 N
070 R020600 N
071 A000600 1259
071 B000600 908
071 C000600 9236
071 D000600 10
<PAGE> PAGE 29
072 A000600 6
072 B000600 36
072 C000600 33
072 D000600 0
072 E000600 0
072 F000600 23
072 G000600 0
072 H000600 0
072 I000600 7
072 J000600 7
072 K000600 0
072 L000600 1
072 M000600 1
072 N000600 3
072 O000600 0
072 P000600 0
072 Q000600 5
072 R000600 3
072 S000600 0
072 T000600 0
072 U000600 1
072 V000600 0
072 W000600 0
072 X000600 51
072 Y000600 21
072 Z000600 39
072AA000600 0
072BB000600 86
072CC010600 1146
072CC020600 0
072DD010600 39
072DD020600 0
072EE000600 110
073 A010600 0.0500
073 A020600 0.0000
073 B000600 0.1300
073 C000600 0.0000
074 A000600 0
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 8397
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 14
074 M000600 0
074 N000600 8411
<PAGE> PAGE 30
074 O000600 0
074 P000600 2
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 10
074 S000600 0
074 T000600 8399
074 U010600 806
074 U020600 0
074 V010600 10.41
074 V020600 0.00
074 W000600 0.0000
074 X000600 165
074 Y000600 0
075 A000600 0
075 B000600 9236
076 000600 0.00
083 A000600 N
083 B000600 0
084 A000600 N
084 B000600 0
085 A000600 N
085 B000600 N
SIGNATURE STEVE ROGERS
TITLE FUND MANAGER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE FOLLOWING FDS HAS BEEN ROUNDED TO THE NEAREST THOUSAND
</LEGEND>
<CIK> 0000778205
<NAME> CALIFORNIA INVESTMENT TRUST II
<SERIES>
<NUMBER> 1
<NAME> US GOVERNMENT SECURITIES FUND
<MULTIPLIER> 1,000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<EXCHANGE-RATE> 1.00
<INVESTMENTS-AT-COST> 32,539
<INVESTMENTS-AT-VALUE> 33,655
<RECEIVABLES> 196
<ASSETS-OTHER> 39
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 33,890
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 183
<TOTAL-LIABILITIES> 183
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 32,445
<SHARES-COMMON-STOCK> 3,136
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 98
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 48
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,116
<NET-ASSETS> 33,707
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,033
<OTHER-INCOME> 0
<EXPENSES-NET> 118
<NET-INVESTMENT-INCOME> 915
<REALIZED-GAINS-CURRENT> 439
<APPREC-INCREASE-CURRENT> (1,420)
<NET-CHANGE-FROM-OPS> (66)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 915
<DISTRIBUTIONS-OF-GAINS> 836
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 860
<NUMBER-OF-SHARES-REDEEMED> 1,023
<SHARES-REINVESTED> 108
<NET-CHANGE-IN-ASSETS> (539)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 91
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 122
<AVERAGE-NET-ASSETS> 36,768
<PER-SHARE-NAV-BEGIN> 11.30
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> (0.30)
<PER-SHARE-DIVIDEND> 0.28
<PER-SHARE-DISTRIBUTIONS> 0.26
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.75
<EXPENSE-RATIO> 0.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE FOLLOWING FDS HAS BEEN ROUNDED TO THE NEAREST THOUSAND
</LEGEND>
<CIK> 0000778205
<NAME> CALIFORNIA INVESTMENT TRUST II
<SERIES>
<NUMBER> 02
<NAME> THE UNITED STATES TREASURY TRUST
<MULTIPLIER> 1,000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 37,829
<INVESTMENTS-AT-VALUE> 37,829
<RECEIVABLES> 0
<ASSETS-OTHER> 95
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 37,924
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 137
<TOTAL-LIABILITIES> 137
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 37,784
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 37,786
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,231
<OTHER-INCOME> 0
<EXPENSES-NET> 95
<NET-INVESTMENT-INCOME> 1,136
<REALIZED-GAINS-CURRENT> 3
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,139
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,136
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 62,968
<NUMBER-OF-SHARES-REDEEMED> 130,623
<SHARES-REINVESTED> 930
<NET-CHANGE-IN-ASSETS> 66,725
<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> 52,044
<PER-SHARE-NAV-BEGIN> 1
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1
<EXPENSE-RATIO> 0.650
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE FOLLOWING FDS HAS BEEN ROUNDED TO THE NEAREST THOUSAND
</LEGEND>
<CIK> 0000778205
<NAME> CALIFORNIA INVESTMENT TRUST II
<SERIES>
<NUMBER> 03
<NAME> S&P 500 INDEX FUND
<MULTIPLIER> 1,000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 77,176
<INVESTMENTS-AT-VALUE> 124,234
<RECEIVABLES> 177
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 124,411
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 61
<TOTAL-LIABILITIES> 61
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 74,329
<SHARES-COMMON-STOCK> 4,702
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 269
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,722
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 47,030
<NET-ASSETS> 124,350
<DIVIDEND-INCOME> 687
<INTEREST-INCOME> 307
<OTHER-INCOME> 0
<EXPENSES-NET> 111
<NET-INVESTMENT-INCOME> 883
<REALIZED-GAINS-CURRENT> 4,082
<APPREC-INCREASE-CURRENT> 23,035
<NET-CHANGE-FROM-OPS> 27,999
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 927
<DISTRIBUTIONS-OF-GAINS> 2,601
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 919
<NUMBER-OF-SHARES-REDEEMED> 547
<SHARES-REINVESTED> 137
<NET-CHANGE-IN-ASSETS> 12,232
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 139
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 213
<AVERAGE-NET-ASSETS> 112,372
<PER-SHARE-NAV-BEGIN> 20.90
<PER-SHARE-NII> 0.21
<PER-SHARE-GAIN-APPREC> 6.12
<PER-SHARE-DIVIDEND> 0.20
<PER-SHARE-DISTRIBUTIONS> 0.58
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 26.45
<EXPENSE-RATIO> 0.20
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE FOLLOWING FDS HAS BEEN ROUNDED TO THE NEAREST THOUSAND
</LEGEND>
<CIK> 0000778205
<NAME> CALIFORNIA INVESTMENT TRUST II
<SERIES>
<NUMBER> 04
<NAME> S&P MIDCAP INDEX FUND
<MULTIPLIER> 1,000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 45,445
<INVESTMENTS-AT-VALUE> 51,353
<RECEIVABLES> 60
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 51,413
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 31
<TOTAL-LIABILITIES> 31
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 39,542
<SHARES-COMMON-STOCK> 3,036
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 29
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,986
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,825
<NET-ASSETS> 51,382
<DIVIDEND-INCOME> 287
<INTEREST-INCOME> 124
<OTHER-INCOME> 0
<EXPENSES-NET> 98
<NET-INVESTMENT-INCOME> 313
<REALIZED-GAINS-CURRENT> 7,992
<APPREC-INCREASE-CURRENT> 2,421
<NET-CHANGE-FROM-OPS> 10,726
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 303
<DISTRIBUTIONS-OF-GAINS> 6,721
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 385
<NUMBER-OF-SHARES-REDEEMED> 327
<SHARES-REINVESTED> 392
<NET-CHANGE-IN-ASSETS> 7,826
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 98
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 140
<AVERAGE-NET-ASSETS> 49,559
<PER-SHARE-NAV-BEGIN> 15.41
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> 4.02
<PER-SHARE-DIVIDEND> 0.10
<PER-SHARE-DISTRIBUTIONS> 2.51
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.92
<EXPENSE-RATIO> 0.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE FOLLOWING FDS HAS BEEN ROUNDED TO THE NEAREST THOUSAND
</LEGEND>
<CIK> 0000778205
<NAME> CALIFORNIA INVESTMENT TRUST II
<SERIES>
<NUMBER> 05
<NAME> S&P EQUITY INCOME FUND
<MULTIPLIER> 1,000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 10,924
<INVESTMENTS-AT-VALUE> 12,950
<RECEIVABLES> 25
<ASSETS-OTHER> 13
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,988
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 32
<TOTAL-LIABILITIES> 32
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,031
<SHARES-COMMON-STOCK> 910
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 3
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (160)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,082
<NET-ASSETS> 12,956
<DIVIDEND-INCOME> 109
<INTEREST-INCOME> 88
<OTHER-INCOME> 0
<EXPENSES-NET> 51
<NET-INVESTMENT-INCOME> 146
<REALIZED-GAINS-CURRENT> 227
<APPREC-INCREASE-CURRENT> 2,422
<NET-CHANGE-FROM-OPS> 2,340
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 171
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 131
<NUMBER-OF-SHARES-REDEEMED> 242
<SHARES-REINVESTED> 13
<NET-CHANGE-IN-ASSETS> 1,286
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 32
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 55
<AVERAGE-NET-ASSETS> 9,236
<PER-SHARE-NAV-BEGIN> 11.98
<PER-SHARE-NII> 0.220
<PER-SHARE-GAIN-APPREC> 2.220
<PER-SHARE-DIVIDEND> 0.180
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.24
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE FOLLOWING FDS HAS BEEN ROUNDED TO THE NEAREST THOUSAND
</LEGEND>
<CIK> 0000778205
<NAME> CALIFORNIA INVESTMENT TRUST II
<SERIES>
<NUMBER> 06
<NAME> S&P SMALLCAP INDEX FUND
<MULTIPLIER> 1,000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<EXCHANGE-RATE> 1.00
<INVESTMENTS-AT-COST> 9,321
<INVESTMENTS-AT-VALUE> 8,397
<RECEIVABLES> 7
<ASSETS-OTHER> 7
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,411
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 12
<TOTAL-LIABILITIES> 12
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,278
<SHARES-COMMON-STOCK> 806
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 90
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (969)
<NET-ASSETS> 8,399
<DIVIDEND-INCOME> 33
<INTEREST-INCOME> 36
<OTHER-INCOME> 0
<EXPENSES-NET> 30
<NET-INVESTMENT-INCOME> 39
<REALIZED-GAINS-CURRENT> (86)
<APPREC-INCREASE-CURRENT> 1,146
<NET-CHANGE-FROM-OPS> 1,099
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 39
<DISTRIBUTIONS-OF-GAINS> 110
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 523
<NUMBER-OF-SHARES-REDEEMED> 566
<SHARES-REINVESTED> 13
<NET-CHANGE-IN-ASSETS> (467)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 23
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 51
<AVERAGE-NET-ASSETS> 12,850
<PER-SHARE-NAV-BEGIN> 9.46
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 1.08
<PER-SHARE-DIVIDEND> 0.05
<PER-SHARE-DISTRIBUTIONS> 0.13
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.41
<EXPENSE-RATIO> 0.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
