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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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074 A000600 395
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 32
074 F000600 2796
074 G000600 0
074 H000600 0
074 I000600 0
074 J000600 0
074 K000600 0
074 L000600 10
074 M000600 0
074 N000600 3233
074 O000600 30
074 P000600 0
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 0
074 S000600 0
074 T000600 3203
074 U010600 186
074 U020600 0
074 V010600 17.27
074 V020600 0.00
074 W000600 0.0000
074 X000600 2
074 Y000600 0
075 A000600 0
075 B000600 1850
076 000600 0.00
015 A000701 UNION BANK OF CALIFORNIA
015 B000701 C
015 C010701 SAN FRANCISCO
015 C020701 CA
<PAGE> PAGE 22
015 C030701 94104
015 E010701 X
018 000700 Y
019 A000700 N
019 B000700 0
028 A010700 500
028 A020700 0
028 A030700 0
028 A040700 0
028 B010700 0
028 B020700 0
028 B030700 0
028 B040700 0
028 C010700 0
028 C020700 0
028 C030700 0
028 C040700 0
028 D010700 500
028 D020700 0
028 D030700 0
028 D040700 0
028 E010700 500
028 E020700 0
028 E030700 0
028 E040700 0
028 F010700 0
028 F020700 30
028 F030700 0
028 F040700 0
028 G010700 1500
028 G020700 30
028 G030700 0
028 G040700 0
028 H000700 0
029 000700 N
030 A000700 0
030 B000700 0.00
030 C000700 0.00
031 A000700 0
031 B000700 0
032 000700 0
033 000700 0
034 000700 N
035 000700 0
036 B000700 0
037 000700 N
038 000700 0
039 000700 N
040 000700 Y
041 000700 N
042 A000700 0
<PAGE> PAGE 23
042 B000700 0
042 C000700 0
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 0
044 000700 0
049 000700 N
050 000700 N
051 000700 N
052 000700 N
053 A000700 Y
053 B000700 N
053 C000700 N
054 A000700 Y
054 B000700 Y
054 C000700 Y
054 D000700 Y
054 E000700 Y
054 F000700 Y
054 G000700 Y
054 H000700 Y
054 I000700 Y
054 J000700 Y
054 K000700 Y
054 L000700 Y
054 M000700 Y
054 N000700 Y
054 O000700 Y
066 A000700 Y
066 B000700 N
066 C000700 N
066 D000700 Y
066 E000700 N
066 F000700 N
066 G000700 N
067 000700 N
068 A000700 N
068 B000700 N
069 000700 N
070 A010700 Y
070 A020700 N
070 B010700 N
070 B020700 N
070 C010700 N
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 N
<PAGE> PAGE 24
070 E020700 N
070 F010700 N
070 F020700 N
070 G010700 N
070 G020700 N
070 H010700 N
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 N
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 N
070 M020700 N
070 N010700 N
070 N020700 N
070 O010700 N
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 1947
071 B000700 548
071 C000700 452
071 D000700 121
072 A000700 12
072 B000700 8
072 C000700 1
072 D000700 0
072 E000700 0
072 F000700 6
072 G000700 7
072 H000700 0
072 I000700 0
072 J000700 0
072 K000700 0
072 L000700 0
072 M000700 0
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 0
072 S000700 0
072 T000700 0
<PAGE> PAGE 25
072 U000700 0
072 V000700 0
072 W000700 1
072 X000700 14
072 Y000700 14
072 Z000700 9
072AA000700 79
072BB000700 57
072CC010700 91
072CC020700 0
072DD010700 9
072DD020700 0
072EE000700 21
073 A010700 0.0779
073 A020700 0.0000
073 B000700 0.1869
073 C000700 0.0000
074 A000700 156
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 29
074 F000700 1562
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 2
074 M000700 0
074 N000700 1749
074 O000700 7
074 P000700 0
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 0
074 S000700 0
074 T000700 1742
074 U010700 117
074 U020700 0
074 V010700 14.90
074 V020700 0.00
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074 X000700 2
074 Y000700 0
075 A000700 0
075 B000700 584
076 000700 0.00
<PAGE> PAGE 26
SIGNATURE TINA MITCHELL
TITLE ASSISTANT COMPLIANCE
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> THE PASADENA GROWTH FUND - CLASS A SHARES
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1,000
<INVESTMENTS-AT-COST> 321,475
<INVESTMENTS-AT-VALUE> 462,663
<RECEIVABLES> 1,025
<ASSETS-OTHER> 8,335
<OTHER-ITEMS-ASSETS> (321,475)
<TOTAL-ASSETS> 472,023
<PAYABLE-FOR-SECURITIES> 42
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,282
<TOTAL-LIABILITIES> 1,324
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 329,199
<SHARES-COMMON-STOCK> 21,543,651
<SHARES-COMMON-PRIOR> 25,449,550
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 312
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 141,188
<NET-ASSETS> 470,699
<DIVIDEND-INCOME> 4,945
<INTEREST-INCOME> 352
<OTHER-INCOME> 0
<EXPENSES-NET> 6,705
<NET-INVESTMENT-INCOME> (1,408)
<REALIZED-GAINS-CURRENT> 32,414
<APPREC-INCREASE-CURRENT> 68,363
<NET-CHANGE-FROM-OPS> 99,369
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 6,381
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,467,085
<NUMBER-OF-SHARES-REDEEMED> 5,667,027
<SHARES-REINVESTED> 294,043
<NET-CHANGE-IN-ASSETS> 23,568
<ACCUMULATED-NII-PRIOR> (819)
<ACCUMULATED-GAINS-PRIOR> 7,098
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,667
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,705
<AVERAGE-NET-ASSETS> 414,417,456
<PER-SHARE-NAV-BEGIN> 15.40
<PER-SHARE-NII> (.06)
<PER-SHARE-GAIN-APPREC> 4.24
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.30
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.28
<EXPENSE-RATIO> 1.6
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 02
<NAME> THE PASADENA GROWTH FUND - CLASS B SHARES
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1,000
<INVESTMENTS-AT-COST> 321,475
<INVESTMENTS-AT-VALUE> 462,663
<RECEIVABLES> 1,025
<ASSETS-OTHER> 8,335
<OTHER-ITEMS-ASSETS> (321,475)
<TOTAL-ASSETS> 472,023
<PAYABLE-FOR-SECURITIES> 42
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,282
<TOTAL-LIABILITIES> 1,324
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 329,199
<SHARES-COMMON-STOCK> 1,831,582
<SHARES-COMMON-PRIOR> 742,689
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 312
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 141,188
<NET-ASSETS> 470,699
<DIVIDEND-INCOME> 291
<INTEREST-INCOME> 22
<OTHER-INCOME> 0
<EXPENSES-NET> 580
<NET-INVESTMENT-INCOME> (267)
<REALIZED-GAINS-CURRENT> 1,824
<APPREC-INCREASE-CURRENT> 3,544
<NET-CHANGE-FROM-OPS> 5,101
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 536
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,162,388
<NUMBER-OF-SHARES-REDEEMED> 100,124
<SHARES-REINVESTED> 26,629
<NET-CHANGE-IN-ASSETS> 23,435
<ACCUMULATED-NII-PRIOR> (819)
<ACCUMULATED-GAINS-PRIOR> 7,098
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 335
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 580
<AVERAGE-NET-ASSETS> 24,431,851
<PER-SHARE-NAV-BEGIN> 15.28
<PER-SHARE-NII> (.20)
<PER-SHARE-GAIN-APPREC> 4.21
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0.30
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.99
<EXPENSE-RATIO> 2.4
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> THE PASADENA GROWTH FUND - CLASS C SHARES
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1,000
<INVESTMENTS-AT-COST> 321,475
<INVESTMENTS-AT-VALUE> 462,663
<RECEIVABLES> 1,025
<ASSETS-OTHER> 8,335
<OTHER-ITEMS-ASSETS> (321,475)
<TOTAL-ASSETS> 472,023
<PAYABLE-FOR-SECURITIES> 42
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,282
<TOTAL-LIABILITIES> 1,324
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 329,199
<SHARES-COMMON-STOCK> 1,079,233
<SHARES-COMMON-PRIOR> 401,518
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 312
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 141,188
<NET-ASSETS> 470,699
<DIVIDEND-INCOME> 169
<INTEREST-INCOME> 12
<OTHER-INCOME> 0
<EXPENSES-NET> 339
<NET-INVESTMENT-INCOME> (158)
<REALIZED-GAINS-CURRENT> 1,059
<APPREC-INCREASE-CURRENT> 2,069
<NET-CHANGE-FROM-OPS> 2,970
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 315
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 822,270
<NUMBER-OF-SHARES-REDEEMED> 159,752
<SHARES-REINVESTED> 822,270
<NET-CHANGE-IN-ASSETS> 14,362
<ACCUMULATED-NII-PRIOR> (819)
<ACCUMULATED-GAINS-PRIOR> 7,098
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 195
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 339
<AVERAGE-NET-ASSETS> 14,259,865
<PER-SHARE-NAV-BEGIN> 15.28
<PER-SHARE-NII> (.20)
<PER-SHARE-GAIN-APPREC> 4.21
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .30
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.99
<EXPENSE-RATIO> 2.4
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> THE PASADENA BALANCED RETURN FUND - CLASS A SHARES
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1,000
<INVESTMENTS-AT-COST> 41,887
<INVESTMENTS-AT-VALUE> 56,422
<RECEIVABLES> 369
<ASSETS-OTHER> 961
<OTHER-ITEMS-ASSETS> (41,887)
<TOTAL-ASSETS> 57,752
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 194
<TOTAL-LIABILITIES> 194
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 43,083
<SHARES-COMMON-STOCK> 2,049,008
<SHARES-COMMON-PRIOR> 2,582,343
<ACCUMULATED-NII-CURRENT> 8
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (68)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14,535
<NET-ASSETS> 57,588
<DIVIDEND-INCOME> 578
<INTEREST-INCOME> 1,136
<OTHER-INCOME> 0
<EXPENSES-NET> 1,106
<NET-INVESTMENT-INCOME> 608
<REALIZED-GAINS-CURRENT> 2,872
<APPREC-INCREASE-CURRENT> 9,125
<NET-CHANGE-FROM-OPS> 12,605
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 582
<DISTRIBUTIONS-OF-GAINS> 878
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 97,239
<NUMBER-OF-SHARES-REDEEMED> 683,092
<SHARES-REINVESTED> 52,518
<NET-CHANGE-IN-ASSETS> (1,020)
<ACCUMULATED-NII-PRIOR> 1,203
<ACCUMULATED-GAINS-PRIOR> (143)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 975
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,106
<AVERAGE-NET-ASSETS> 53,300,253
<PER-SHARE-NAV-BEGIN> 20.54
<PER-SHARE-NII> .27
<PER-SHARE-GAIN-APPREC> 5.31
<PER-SHARE-DIVIDEND> .29
<PER-SHARE-DISTRIBUTIONS> .44
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 25.39
<EXPENSE-RATIO> 2.1
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> THE PASADENA BALANCED RETURN FUND - CLASS B SHARES
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1,000
<INVESTMENTS-AT-COST> 41,887
<INVESTMENTS-AT-VALUE> 56,522
<RECEIVABLES> 369
<ASSETS-OTHER> 961
<OTHER-ITEMS-ASSETS> (41,887)
<TOTAL-ASSETS> 57,752
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 194
<TOTAL-LIABILITIES> 194
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 43,083
<SHARES-COMMON-STOCK> 107,705
<SHARES-COMMON-PRIOR> 59,643
<ACCUMULATED-NII-CURRENT> 8
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (68)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14,535
<NET-ASSETS> 57,588
<DIVIDEND-INCOME> 21
<INTEREST-INCOME> 39
<OTHER-INCOME> 0
<EXPENSES-NET> 54
<NET-INVESTMENT-INCOME> 6
<REALIZED-GAINS-CURRENT> 89
<APPREC-INCREASE-CURRENT> 317
<NET-CHANGE-FROM-OPS> 412
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 16
<DISTRIBUTIONS-OF-GAINS> 46
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 64,560
<NUMBER-OF-SHARES-REDEEMED> 18,575
<SHARES-REINVESTED> 2,076
<NET-CHANGE-IN-ASSETS> 1,499
<ACCUMULATED-NII-PRIOR> 1,203
<ACCUMULATED-GAINS-PRIOR> (143)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 36
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 54
<AVERAGE-NET-ASSETS> 1,902,332
<PER-SHARE-NAV-BEGIN> 20.49
<PER-SHARE-NII> .08
<PER-SHARE-GAIN-APPREC> 5.29
<PER-SHARE-DIVIDEND> .16
<PER-SHARE-DISTRIBUTIONS> .44
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 25.26
<EXPENSE-RATIO> 2.9
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 06
<NAME> THE PASADENA BALANCED RETURN FUND - CLASS C SHARES
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1,000
<INVESTMENTS-AT-COST> 41,887
<INVESTMENTS-AT-VALUE> 56,422
<RECEIVABLES> 369
<ASSETS-OTHER> 961
<OTHER-ITEMS-ASSETS> (41,887)
<TOTAL-ASSETS> 57,752
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 194
<TOTAL-LIABILITIES> 194
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 43,083
<SHARES-COMMON-STOCK> 111,094
<SHARES-COMMON-PRIOR> 70,739
<ACCUMULATED-NII-CURRENT> 8
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (68)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14,535
<NET-ASSETS> 57,588
<DIVIDEND-INCOME> 25
<INTEREST-INCOME> 47
<OTHER-INCOME> 0
<EXPENSES-NET> 65
<NET-INVESTMENT-INCOME> 7
<REALIZED-GAINS-CURRENT> 122
<APPREC-INCREASE-CURRENT> 369
<NET-CHANGE-FROM-OPS> 498
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 14
<DISTRIBUTIONS-OF-GAINS> 47
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 115,325
<NUMBER-OF-SHARES-REDEEMED> 77,133
<SHARES-REINVESTED> 2,164
<NET-CHANGE-IN-ASSETS> 1,360
<ACCUMULATED-NII-PRIOR> 1,203
<ACCUMULATED-GAINS-PRIOR> (143)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 42
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 65
<AVERAGE-NET-ASSETS> 2,249,290
<PER-SHARE-NAV-BEGIN> 20.48
<PER-SHARE-NII> .07
<PER-SHARE-GAIN-APPREC> 5.30
<PER-SHARE-DIVIDEND> .13
<PER-SHARE-DISTRIBUTIONS> .44
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 25.28
<EXPENSE-RATIO> 2.9
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> THE PASADENA NIFTY FIFTY FUND - CLASS A SHARES
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1,000
<INVESTMENTS-AT-COST> 110,120
<INVESTMENTS-AT-VALUE> 159,622
<RECEIVABLES> 341
<ASSETS-OTHER> 5,390
<OTHER-ITEMS-ASSETS> (110,120)
<TOTAL-ASSETS> 165,353
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 464
<TOTAL-LIABILITIES> 464
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 116,082
<SHARES-COMMON-STOCK> 5,515,336
<SHARES-COMMON-PRIOR> 5,814,689
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (695)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 49,502
<NET-ASSETS> 164,899
<DIVIDEND-INCOME> 1,519
<INTEREST-INCOME> 331
<OTHER-INCOME> 0
<EXPENSES-NET> 2166
<NET-INVESTMENT-INCOME> (316)
<REALIZED-GAINS-CURRENT> 261
<APPREC-INCREASE-CURRENT> 28,422
<NET-CHANGE-FROM-OPS> 28,367
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 906,614
<NUMBER-OF-SHARES-REDEEMED> 1,205,947
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 21,726
<ACCUMULATED-NII-PRIOR> (241)
<ACCUMULATED-GAINS-PRIOR> 4,360
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,875
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,166
<AVERAGE-NET-ASSETS> 115,884,309
<PER-SHARE-NAV-BEGIN> 17.30
<PER-SHARE-NII> (.05)
<PER-SHARE-GAIN-APPREC> 4.93
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 22.18
<EXPENSE-RATIO> 1.9
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 08
<NAME> THE PASADENA NIFTY FIFTY FUND - CLASS B SHARES
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1,000
<INVESTMENTS-AT-COST> 110,120
<INVESTMENTS-AT-VALUE> 159,622
<RECEIVABLES> 341
<ASSETS-OTHER> 5,390
<OTHER-ITEMS-ASSETS> (110,120)
<TOTAL-ASSETS> 165,353
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 464
<TOTAL-LIABILITIES> 464
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 116,082
<SHARES-COMMON-STOCK> 1,256,781
<SHARES-COMMON-PRIOR> 391,425
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (695)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 49,502
<NET-ASSETS> 164,899
<DIVIDEND-INCOME> 232
<INTEREST-INCOME> 50
<OTHER-INCOME> 0
<EXPENSES-NET> 468
<NET-INVESTMENT-INCOME> (186)
<REALIZED-GAINS-CURRENT> (172)
<APPREC-INCREASE-CURRENT> 4,149
<NET-CHANGE-FROM-OPS> 3,791
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 945,409
<NUMBER-OF-SHARES-REDEEMED> 80,053
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 20,741
<ACCUMULATED-NII-PRIOR> (241)
<ACCUMULATED-GAINS-PRIOR> 4,360
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 288
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 468
<AVERAGE-NET-ASSETS> 17,873,306
<PER-SHARE-NAV-BEGIN> 17.17
<PER-SHARE-NII> (.21)
<PER-SHARE-GAIN-APPREC> 4.89
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.85
<EXPENSE-RATIO> 2.6
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> THE PASADENA NIFTY FIFTY FUND - CLASS C SHARES
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1,000
<INVESTMENTS-AT-COST> 110,120
<INVESTMENTS-AT-VALUE> 159,622
<RECEIVABLES> 341
<ASSETS-OTHER> 5,390
<OTHER-ITEMS-ASSETS> (110,120)
<TOTAL-ASSETS> 165,353
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 464
<TOTAL-LIABILITIES> 464
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 116,082
<SHARES-COMMON-STOCK> 691,303
<SHARES-COMMON-PRIOR> 249,384
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (695)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 49,502
<NET-ASSETS> 164,899
<DIVIDEND-INCOME> 137
<INTEREST-INCOME> 30
<OTHER-INCOME> 0
<EXPENSES-NET> 278
<NET-INVESTMENT-INCOME> (111)
<REALIZED-GAINS-CURRENT> (90)
<APPREC-INCREASE-CURRENT> 2,484
<NET-CHANGE-FROM-OPS> 2,283
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 611,244
<NUMBER-OF-SHARES-REDEEMED> 169,325
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 10,821
<ACCUMULATED-NII-PRIOR> (241)
<ACCUMULATED-GAINS-PRIOR> 4,360
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 171
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 278
<AVERAGE-NET-ASSETS> 10,611,389
<PER-SHARE-NAV-BEGIN> 17,17
<PER-SHARE-NII> (.21)
<PER-SHARE-GAIN-APPREC> 4.89
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.85
<EXPENSE-RATIO> 2.6
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> THE PASADENA SMALL AND MID CAP FUND
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1,000
<INVESTMENTS-AT-COST> 1,502,435
<INVESTMENTS-AT-VALUE> 1,591,652
<RECEIVABLES> 1,814
<ASSETS-OTHER> 156,246
<OTHER-ITEMS-ASSETS> (1,502,435)
<TOTAL-ASSETS> 1,749,712
<PAYABLE-FOR-SECURITIES> 7,422
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 7,422
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,630,404
<SHARES-COMMON-STOCK> 116,912
<SHARES-COMMON-PRIOR> 10,000
<ACCUMULATED-NII-CURRENT> 553
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 22,116
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 89,217
<NET-ASSETS> 1,742,290
<DIVIDEND-INCOME> 1,338
<INTEREST-INCOME> 7,508
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 8,846
<REALIZED-GAINS-CURRENT> 21,677
<APPREC-INCREASE-CURRENT> 91,038
<NET-CHANGE-FROM-OPS> 121,561
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 8,943
<DISTRIBUTIONS-OF-GAINS> 21,461
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 104,837
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 2,075
<NET-CHANGE-IN-ASSETS> 1,621,561
<ACCUMULATED-NII-PRIOR> 650
<ACCUMULATED-GAINS-PRIOR> 21,900
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 584,493
<PER-SHARE-NAV-BEGIN> 12.07
<PER-SHARE-NII> .22
<PER-SHARE-GAIN-APPREC> 2.87
<PER-SHARE-DIVIDEND> .08
<PER-SHARE-DISTRIBUTIONS> .18
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.90
<EXPENSE-RATIO> 0.0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> THE PASADENA GLOBAL GROWTH FUND
<MULTIPLIER> 1000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<EXCHANGE-RATE> 1,000
<INVESTMENTS-AT-COST> 2,498,317
<INVESTMENTS-AT-VALUE> 2,828,262
<RECEIVABLES> 10,520
<ASSETS-OTHER> 394,510
<OTHER-ITEMS-ASSETS> (2,498,317)
<TOTAL-ASSETS> 3,233,292
<PAYABLE-FOR-SECURITIES> 29,866
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 29,866
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,876,019
<SHARES-COMMON-STOCK> 185,509
<SHARES-COMMON-PRIOR> 10,000
<ACCUMULATED-NII-CURRENT> 1,389
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,927)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 329,945
<NET-ASSETS> 3,203,426
<DIVIDEND-INCOME> 26,281
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 26,281
<REALIZED-GAINS-CURRENT> (40,382)
<APPREC-INCREASE-CURRENT> 326,966
<NET-CHANGE-FROM-OPS> 312,865
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 26,019
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 173,997
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 1,512
<NET-CHANGE-IN-ASSETS> 3,062,865
<ACCUMULATED-NII-PRIOR> 989
<ACCUMULATED-GAINS-PRIOR> 26,003
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 1,849,767
<PER-SHARE-NAV-BEGIN> 14.06
<PER-SHARE-NII> .24
<PER-SHARE-GAIN-APPREC> 3.11
<PER-SHARE-DIVIDEND> 0.14
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.27
<EXPENSE-RATIO> 0.0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>