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SIGNATURE GUY NORDAHL
TITLE VICE PRESIDENT
[ARTICLE] 6
[CIK] 0000779234
[NAME] NORTHSTAR BALANCE SHEET OPPORTUNITIES FUND
[SERIES]
[NUMBER] 1
[NAME] NORTHSTAR BALANCE SHEET OPPORTUNITIES FUND CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-START] JAN-01-1998
[PERIOD-END] JUN-30-1998
[INVESTMENTS-AT-COST] 47213513
[INVESTMENTS-AT-VALUE] 58597515
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[NUMBER-OF-SHARES-REDEEMED] (26102056)
[SHARES-REINVESTED] 821075
[NET-CHANGE-IN-ASSETS] (627641)
[ACCUMULATED-NII-PRIOR] 1165
[ACCUMULATED-GAINS-PRIOR] 1257494
[OVERDISTRIB-NII-PRIOR] 0
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[GROSS-ADVISORY-FEES] 196798
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</TABLE>
[ARTICLE] 6
[CIK] 0000779234
[NAME] NORTHSTAR BALANCE SHEET OPPORTUNITIES FUND
[SERIES]
[NUMBER] 2
[NAME] CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-START] JAN-01-1998
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[INVESTMENTS-AT-COST] 47213513
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</TABLE>
[ARTICLE] 6
[CIK] 0000779234
[NAME] NORTHSTAR BALANCE SHEET OPPORTUNITIES FUND
[SERIES]
[NUMBER] 3
[NAME] CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-START] JAN-01-1998
[PERIOD-END] JUN-30-1998
[INVESTMENTS-AT-COST] 47213513
[INVESTMENTS-AT-VALUE] 58597515
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</TABLE>
[ARTICLE] 6
[CIK] 0000779234
[NAME] NORTHSTAR BALANCE SHEET OPPORTUNITIES FUND
[SERIES]
[NUMBER] 4
[NAME] CLASS T
<TABLE>
<S> <C>
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[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-START] JAN-01-1998
[PERIOD-END] JUN-30-1998
[INVESTMENTS-AT-COST] 47213513
[INVESTMENTS-AT-VALUE] 58597515
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