CREST FUNDS INC
NSAR-A, 1997-07-30
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<PAGE>      PAGE  1
000 A000000 05/31/97
000 C000000 0000790814
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 CRESTFUNDS, INC.
001 B000000 811-4620
001 C000000 8002737827
002 A000000 32 SOUTH STREET
002 B000000 BALTIMORE
002 C000000 MD
002 D010000 21202
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 13
008 A00AA01 CAPITOLINE INVESTMENT SERVICES INCORPORATED
008 B00AA01 A
008 C00AA01 801-8904
008 D01AA01 RICHMOND
008 D02AA01 VA
008 D03AA01 23219
010 A00AA01 SEI FUND RESOURCES
010 C01AA01 WAYNE
010 C02AA01 PA
010 C03AA01 19087
011 A00AA01 SEI INVESTMENTS MANAGEMENT CORPORATION
011 B00AA01 8-00000
011 C01AA01 OAKS
011 C02AA01 PA
011 C03AA01 19456
011 C04AA01 1100
012 A00AA01 CRESTAR BANK
012 B00AA01 85-05107
012 C01AA01 RICHMOND
012 C02AA01 VA
012 C03AA01 23219
012 A00AA02 CHASE GLOBAL SERVICES COMPANY
012 B00AA02 84-0000
012 C01AA02 BOSTON
012 C02AA02 MA
012 C03AA02 02109
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
<PAGE>      PAGE  2
013 B03AA01 10004
014 A00AA01 CRESTAR SECURITIES CORPORATION
014 B00AA01 8-0000
015 A00AA01 CRESTAR BANK
015 B00AA01 C
015 C01AA01 RICHMOND
015 C02AA01 VA
015 C03AA01 23219
015 E01AA01 X
018  00AA00 Y
019 A00AA00 N
019 B00AA00    0
020 A000001 INTERSTATE/JOHNSON LANE
020 B000001 56-0276690
020 C000001    329
020 A000002 BROADCOURT
020 B000002 13-3144415
020 C000002    106
020 A000003 PRUDENTIAL
020 B000003 22-2347336
020 C000003     53
020 A000004 SMITH BARNEY
020 B000004 13-2518466
020 C000004     50
020 A000005 BEAR STEARNS
020 B000005 13-2975144
020 C000005     46
020 A000006 MERRILL LYNCH
020 B000006 13-5674085
020 C000006     42
020 A000007 SALOMON
020 B000007 13-3082694
020 C000007     40
020 A000008 GOLDMAN SACHS
020 B000008 13-5108880
020 C000008     37
020 A000009 CANTOR FITZGERALD
020 B000009 13-3680184
020 C000009     37
020 A000010 DONALDSON, LUFKIN & JENRETTE
020 C000010     37
021  000000     1050
022 A000001 J.P. MORGAN
022 B000001 13-3224016
022 C000001    510685
022 D000001    491912
022 A000002 MERRILL LYNCH
022 B000002 13-5674085
022 C000002    599719
022 D000002    372917
022 A000003 DEUTSCHE BANK
<PAGE>      PAGE  3
022 B000003 14-3485320
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022 D000003    460203
022 A000004 NOMURA
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022 C000004    292960
022 D000004    390969
022 A000005 SWISS BANK
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022 C000005    336324
022 D000005    220816
022 A000006 LEHMAN BROTHERS
022 B000006 13-2927667
022 C000006    255431
022 D000006    247908
022 A000007 CS FIRST BOSTON
022 B000007 13-5659485
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022 D000007     70871
022 A000008 MORGAN STANLEY
022 B000008 13-2655998
022 C000008     93795
022 D000008     66404
022 A000009 NATIONSBANC
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022 B000010 13-2518466
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<PAGE>      PAGE  4
054 C00AA00 Y
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054 E00AA00 N
054 F00AA00 N
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054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
070 D020100 N
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070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
076  000100     0.00
024  000200 Y
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025 A000202 MORGAN STANLEY
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025 C000202 D
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025 C000203 D
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025 B000204 13-3224016
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
048 K020200 0.300
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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
038  000400      0
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<PAGE>      PAGE  20
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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<PAGE>      PAGE  23
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<PAGE>      PAGE  24
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
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<PAGE>      PAGE  29
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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<PAGE>      PAGE  38
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074 D000900   240251
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074 J000900        0
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028 A041000       978
028 B011000     22134
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028 B031000         0
028 B041000      1750
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<PAGE>      PAGE  39
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028 C041000      1209
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028 F041000     14227
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033  001000      0
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036 B001000      0
037  001000 N
038  001000      0
039  001000 N
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042 E001000   0
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042 G001000   0
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<PAGE>      PAGE  40
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066 D001000 N
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<PAGE>      PAGE  41
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066 G001000 N
067  001000 N
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<PAGE>      PAGE  42
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024  001100 Y
025 A001101 J.P. MORGAN
025 B001101 13-3224016
025 C001101 D
025 D001101     972
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025 C001102 D
025 D001102    1034
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<PAGE>      PAGE  43
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039  001100 N
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042 E001100   0
042 F001100   0
042 G001100   0
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045  001100 Y
<PAGE>      PAGE  44
046  001100 N
047  001100 Y
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059  001100 Y
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<PAGE>      PAGE  45
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<PAGE>      PAGE  46
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074 V011100    10.07
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074 W001100   0.0000
074 X001100      907
074 Y001100        0
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024  001200 N
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<PAGE>      PAGE  47
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037  001200 N
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039  001200 N
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<PAGE>      PAGE  48
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<PAGE>      PAGE  49
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<PAGE>      PAGE  50
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<PAGE>      PAGE  51
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<PAGE>      PAGE  52
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<PAGE>      PAGE  53
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SIGNATURE   STEPHEN MEYER                                
TITLE       CONTROLLER          
 


<TABLE> <S> <C>

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<CIK> 0000790814
<NAME> CRESTFUNDS
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   <NUMBER> 011
   <NAME> CASH RESERVE TRUST
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<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                            783186
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .025
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (.025)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .65
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 012
   <NAME> CASH RESERVE INVESTOR A
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                           837405
<INVESTMENTS-AT-VALUE>                          837405
<RECEIVABLES>                                     6964
<ASSETS-OTHER>                                    2617
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  846986
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       (6681)
<TOTAL-LIABILITIES>                             (6681)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        840351
<SHARES-COMMON-STOCK>                            88991
<SHARES-COMMON-PRIOR>                            65412
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                          (46)
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    840305
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                19355
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2537
<NET-INVESTMENT-INCOME>                          19355
<REALIZED-GAINS-CURRENT>                            33
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            19388
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (1924)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          53480
<NUMBER-OF-SHARES-REDEEMED>                    (31823)
<SHARES-REINVESTED>                               1923
<NET-CHANGE-IN-ASSETS>                          153740
<ACCUMULATED-NII-PRIOR>                             50
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                        (79)
<GROSS-ADVISORY-FEES>                             1481
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3220
<AVERAGE-NET-ASSETS>                            783186
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .025
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (.025)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .66
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 013
   <NAME> CASH RESERVE INVESTOR B
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                           837405
<INVESTMENTS-AT-VALUE>                          837405
<RECEIVABLES>                                     6964
<ASSETS-OTHER>                                    2617
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  846986
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       (6681)
<TOTAL-LIABILITIES>                             (6681)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        840351
<SHARES-COMMON-STOCK>                               38
<SHARES-COMMON-PRIOR>                               15
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                          (46)
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    840305
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                19355
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2537
<NET-INVESTMENT-INCOME>                          19355
<REALIZED-GAINS-CURRENT>                            33
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            19388
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          153740
<ACCUMULATED-NII-PRIOR>                             50
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                        (79)
<GROSS-ADVISORY-FEES>                             1481
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3220
<AVERAGE-NET-ASSETS>                            783186
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .021
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (.020)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   1.51
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 021
   <NAME> U.S. TREASURY TRUST CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                           517381
<INVESTMENTS-AT-VALUE>                          517381
<RECEIVABLES>                                     2469
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  519850
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       (3813)
<TOTAL-LIABILITIES>                             (3813)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        516037
<SHARES-COMMON-STOCK>                           516037
<SHARES-COMMON-PRIOR>                           389051
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    516037
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                11707
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1431
<NET-INVESTMENT-INCOME>                          10276
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            10276
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (10276)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         642938
<NUMBER-OF-SHARES-REDEEMED>                   (516046)
<SHARES-REINVESTED>                                 94
<NET-CHANGE-IN-ASSETS>                          126986
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1576
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3197
<AVERAGE-NET-ASSETS>                            435994
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .024
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (.024)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .66
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 031
   <NAME> TAX FREE MONEY FUND TRUST CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                           205834
<INVESTMENTS-AT-VALUE>                          205834
<RECEIVABLES>                                     1754
<ASSETS-OTHER>                                     732
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  208420
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       (1444)
<TOTAL-LIABILITIES>                             (1444)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        200510
<SHARES-COMMON-STOCK>                           200509
<SHARES-COMMON-PRIOR>                           182322
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                           (5)
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    206976
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 3621
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     665
<NET-INVESTMENT-INCOME>                           2956
<REALIZED-GAINS-CURRENT>                           (3)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                             2953
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (2897)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         174333
<NUMBER-OF-SHARES-REDEEMED>                   (156145)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          206976
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                         (2)
<GROSS-ADVISORY-FEES>                              732
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1491
<AVERAGE-NET-ASSETS>                            202112
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .015
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (.015)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .66
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 032
   <NAME> TAX FREE MONEY FUND INVESTOR A CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                           205834
<INVESTMENTS-AT-VALUE>                          205834
<RECEIVABLES>                                     1754
<ASSETS-OTHER>                                     732
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  208420
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       (1444)
<TOTAL-LIABILITIES>                             (1444)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          6471
<SHARES-COMMON-STOCK>                             6471
<SHARES-COMMON-PRIOR>                             2994
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                           (5)
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    206976
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 3621
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     665
<NET-INVESTMENT-INCOME>                           2956
<REALIZED-GAINS-CURRENT>                           (3)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                             2953
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (59)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           7151
<NUMBER-OF-SHARES-REDEEMED>                     (3734)
<SHARES-REINVESTED>                                 60
<NET-CHANGE-IN-ASSETS>                          206976
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                         (2)
<GROSS-ADVISORY-FEES>                              732
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1491
<AVERAGE-NET-ASSETS>                            202112
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .015
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (.015)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    .67
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 041
   <NAME> INTERMEDIATE TERM BOND FUND TRUST CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                           283565
<INVESTMENTS-AT-VALUE>                          283473
<RECEIVABLES>                                     3610
<ASSETS-OTHER>                                    1410
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  288493
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       (3074)
<TOTAL-LIABILITIES>                             (3074)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        286846
<SHARES-COMMON-STOCK>                            29252
<SHARES-COMMON-PRIOR>                            28291
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (32)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        (3344)
<ACCUM-APPREC-OR-DEPREC>                          (92)
<NET-ASSETS>                                    285419
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 9784
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1222
<NET-INVESTMENT-INCOME>                           8562
<REALIZED-GAINS-CURRENT>                        (1393)
<APPREC-INCREASE-CURRENT>                       (5667)
<NET-CHANGE-FROM-OPS>                             1502
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (8480)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           4146
<NUMBER-OF-SHARES-REDEEMED>                     (3289)
<SHARES-REINVESTED>                                105
<NET-CHANGE-IN-ASSETS>                            9035
<ACCUMULATED-NII-PRIOR>                         (1951)
<ACCUMULATED-GAINS-PRIOR>                       (1951)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              837
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1432
<AVERAGE-NET-ASSETS>                            279934
<PER-SHARE-NAV-BEGIN>                             9.94
<PER-SHARE-NII>                                   .297
<PER-SHARE-GAIN-APPREC>                         (.250)
<PER-SHARE-DIVIDEND>                            (.297)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.69
<EXPENSE-RATIO>                                    .88
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 042
   <NAME> INTERMEDIATE BOND FUND INVESTOR A CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                           283565
<INVESTMENTS-AT-VALUE>                          283473
<RECEIVABLES>                                     3610
<ASSETS-OTHER>                                    1410
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  288493
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       (3074)
<TOTAL-LIABILITIES>                             (3074)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          1977
<SHARES-COMMON-STOCK>                              199
<SHARES-COMMON-PRIOR>                              225
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (32)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        (3344)
<ACCUM-APPREC-OR-DEPREC>                          (92)
<NET-ASSETS>                                    285419
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 9784
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1222
<NET-INVESTMENT-INCOME>                           8562
<REALIZED-GAINS-CURRENT>                        (1393)
<APPREC-INCREASE-CURRENT>                       (5667)
<NET-CHANGE-FROM-OPS>                             1502
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (63)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              6
<NUMBER-OF-SHARES-REDEEMED>                       (38)
<SHARES-REINVESTED>                                  5
<NET-CHANGE-IN-ASSETS>                            9035
<ACCUMULATED-NII-PRIOR>                         (1951)
<ACCUMULATED-GAINS-PRIOR>                       (1951)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              837
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1432
<AVERAGE-NET-ASSETS>                            279934
<PER-SHARE-NAV-BEGIN>                             9.94
<PER-SHARE-NII>                                   .297
<PER-SHARE-GAIN-APPREC>                         (.241)
<PER-SHARE-DIVIDEND>                            (.296)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.70
<EXPENSE-RATIO>                                    .89
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 051
   <NAME> LIMITED TERM BOND
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                            75922
<INVESTMENTS-AT-VALUE>                           75502
<RECEIVABLES>                                      887
<ASSETS-OTHER>                                     336
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   76725
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       (1352)
<TOTAL-LIABILITIES>                             (1352)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         76702
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                             8559
<ACCUMULATED-NII-CURRENT>                            1
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        (1890)
<ACCUM-APPREC-OR-DEPREC>                         (420)
<NET-ASSETS>                                     75373
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 2528
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     298
<NET-INVESTMENT-INCOME>                           2230
<REALIZED-GAINS-CURRENT>                         (295)
<APPREC-INCREASE-CURRENT>                        (914)
<NET-CHANGE-FROM-OPS>                             1021
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (2200)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1843
<NUMBER-OF-SHARES-REDEEMED>                     (2960)
<SHARES-REINVESTED>                                120
<NET-CHANGE-IN-ASSETS>                         (10722)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      (1595)
<GROSS-ADVISORY-FEES>                              442
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    812
<AVERAGE-NET-ASSETS>                             77982
<PER-SHARE-NAV-BEGIN>                             9.93
<PER-SHARE-NII>                                   .281
<PER-SHARE-GAIN-APPREC>                         (.150)
<PER-SHARE-DIVIDEND>                            (.281)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.78
<EXPENSE-RATIO>                                    .77
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 052
   <NAME> LIMITED TERM BOND INVESTOR A CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                            75922
<INVESTMENTS-AT-VALUE>                           75502
<RECEIVABLES>                                      887
<ASSETS-OTHER>                                     236
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   76725
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       (1352)
<TOTAL-LIABILITIES>                             (1352)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           980
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                              123
<ACCUMULATED-NII-CURRENT>                            1
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                        (1890)
<ACCUM-APPREC-OR-DEPREC>                         (420)
<NET-ASSETS>                                     75373
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 2528
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     298
<NET-INVESTMENT-INCOME>                           2230
<REALIZED-GAINS-CURRENT>                         (295)
<APPREC-INCREASE-CURRENT>                        (914)
<NET-CHANGE-FROM-OPS>                             1021
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (29)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              1
<NUMBER-OF-SHARES-REDEEMED>                       (21)
<SHARES-REINVESTED>                                  2
<NET-CHANGE-IN-ASSETS>                         (10722)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                      (1595)
<GROSS-ADVISORY-FEES>                              442
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    812
<AVERAGE-NET-ASSETS>                             77982
<PER-SHARE-NAV-BEGIN>                             9.95
<PER-SHARE-NII>                                   .282
<PER-SHARE-GAIN-APPREC>                         (.152)
<PER-SHARE-DIVIDEND>                            (.280)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.80
<EXPENSE-RATIO>                                    .78
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 061
   <NAME> SPECIAL EQUITY TRUST CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                            83019
<INVESTMENTS-AT-VALUE>                           97173
<RECEIVABLES>                                      674
<ASSETS-OTHER>                                     511
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   98358
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                         (1229)
<OTHER-ITEMS-LIABILITIES>                        (631)
<TOTAL-LIABILITIES>                             (1860)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         71955
<SHARES-COMMON-STOCK>                             6299
<SHARES-COMMON-PRIOR>                             5677
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (46)
<ACCUMULATED-NET-GAINS>                           5729
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         14154
<NET-ASSETS>                                     96498
<DIVIDEND-INCOME>                                  234
<INTEREST-INCOME>                                  185
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     449
<NET-INVESTMENT-INCOME>                           (30)
<REALIZED-GAINS-CURRENT>                          5735
<APPREC-INCREASE-CURRENT>                         1116
<NET-CHANGE-FROM-OPS>                             6821
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (30)
<DISTRIBUTIONS-OF-GAINS>                        (2129)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2401
<NUMBER-OF-SHARES-REDEEMED>                     (1300)
<SHARES-REINVESTED>                                100
<NET-CHANGE-IN-ASSETS>                            8448
<ACCUMULATED-NII-PRIOR>                             16
<ACCUMULATED-GAINS-PRIOR>                         2279
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              326
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    514
<AVERAGE-NET-ASSETS>                             87339
<PER-SHARE-NAV-BEGIN>                            13.73
<PER-SHARE-NII>                                 (.004)
<PER-SHARE-GAIN-APPREC>                          1.049
<PER-SHARE-DIVIDEND>                            (.005)
<PER-SHARE-DISTRIBUTIONS>                       (.380)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.39
<EXPENSE-RATIO>                                   1.02
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 062
   <NAME> SPECIAL EQUITY INVESTOR A CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                            83019
<INVESTMENTS-AT-VALUE>                           97173
<RECEIVABLES>                                      674
<ASSETS-OTHER>                                     511
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   98358
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                         (1229)
<OTHER-ITEMS-LIABILITIES>                        (631)
<TOTAL-LIABILITIES>                             (1860)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          3836
<SHARES-COMMON-STOCK>                              336
<SHARES-COMMON-PRIOR>                              340
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (46)
<ACCUMULATED-NET-GAINS>                           5729
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         14154
<NET-ASSETS>                                     96498
<DIVIDEND-INCOME>                                  234
<INTEREST-INCOME>                                  185
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     449
<NET-INVESTMENT-INCOME>                           (30)
<REALIZED-GAINS-CURRENT>                          5735
<APPREC-INCREASE-CURRENT>                         1116
<NET-CHANGE-FROM-OPS>                             6821
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (2)
<DISTRIBUTIONS-OF-GAINS>                         (129)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             53
<NUMBER-OF-SHARES-REDEEMED>                      (110)
<SHARES-REINVESTED>                                  9
<NET-CHANGE-IN-ASSETS>                            8448
<ACCUMULATED-NII-PRIOR>                             16
<ACCUMULATED-GAINS-PRIOR>                         2279
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              326
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    514
<AVERAGE-NET-ASSETS>                             87339
<PER-SHARE-NAV-BEGIN>                            13.72
<PER-SHARE-NII>                                 (.005)
<PER-SHARE-GAIN-APPREC>                          1.060
<PER-SHARE-DIVIDEND>                            (.005)
<PER-SHARE-DISTRIBUTIONS>                       (.380)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.39
<EXPENSE-RATIO>                                   1.03
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 063
   <NAME> SPECIAL EQUITY INVESTOR B CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                            83019
<INVESTMENTS-AT-VALUE>                           97173
<RECEIVABLES>                                      674
<ASSETS-OTHER>                                     511
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   98358
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                         (1229)
<OTHER-ITEMS-LIABILITIES>                        (631)
<TOTAL-LIABILITIES>                             (1860)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                           870
<SHARES-COMMON-STOCK>                               72
<SHARES-COMMON-PRIOR>                               70
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                            (46)
<ACCUMULATED-NET-GAINS>                           5729
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         14154
<NET-ASSETS>                                     96498
<DIVIDEND-INCOME>                                  234
<INTEREST-INCOME>                                  185
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     449
<NET-INVESTMENT-INCOME>                           (30)
<REALIZED-GAINS-CURRENT>                          5735
<APPREC-INCREASE-CURRENT>                         1116
<NET-CHANGE-FROM-OPS>                             6821
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                          (27)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             28
<NUMBER-OF-SHARES-REDEEMED>                        (6)
<SHARES-REINVESTED>                                  2
<NET-CHANGE-IN-ASSETS>                            8448
<ACCUMULATED-NII-PRIOR>                             16
<ACCUMULATED-GAINS-PRIOR>                         2279
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              326
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    514
<AVERAGE-NET-ASSETS>                             87339
<PER-SHARE-NAV-BEGIN>                            13.72
<PER-SHARE-NII>                                 (.005)
<PER-SHARE-GAIN-APPREC>                          1.060
<PER-SHARE-DIVIDEND>                            (.005)
<PER-SHARE-DISTRIBUTIONS>                       (.380)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.39
<EXPENSE-RATIO>                                   1.03
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 071
   <NAME> VALUE FUND TRUST CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                           470410
<INVESTMENTS-AT-VALUE>                          570979
<RECEIVABLES>                                    11350
<ASSETS-OTHER>                                    3256
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  585585
<PAYABLE-FOR-SECURITIES>                        (8922)
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       (3718)
<TOTAL-LIABILITIES>                            (12640)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        397168
<SHARES-COMMON-STOCK>                            36885
<SHARES-COMMON-PRIOR>                            41333
<ACCUMULATED-NII-CURRENT>                          140
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          51632
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        100569
<NET-ASSETS>                                    572945
<DIVIDEND-INCOME>                                 4758
<INTEREST-INCOME>                                 1093
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2776
<NET-INVESTMENT-INCOME>                           3077
<REALIZED-GAINS-CURRENT>                         52074
<APPREC-INCREASE-CURRENT>                         3511
<NET-CHANGE-FROM-OPS>                            58662
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (3149)
<DISTRIBUTIONS-OF-GAINS>                        (2857)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           3274
<NUMBER-OF-SHARES-REDEEMED>                     (7872)
<SHARES-REINVESTED>                                150
<NET-CHANGE-IN-ASSETS>                         (56229)
<ACCUMULATED-NII-PRIOR>                            346
<ACCUMULATED-GAINS-PRIOR>                         2539
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2025
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3186
<AVERAGE-NET-ASSETS>                            541653
<PER-SHARE-NAV-BEGIN>                            13.39
<PER-SHARE-NII>                                   .079
<PER-SHARE-GAIN-APPREC>                          1.425
<PER-SHARE-DIVIDEND>                            (.083)
<PER-SHARE-DISTRIBUTIONS>                       (.070)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.74
<EXPENSE-RATIO>                                   1.02
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 072
   <NAME> VALUE FUND INVESTOR A CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                           470410
<INVESTMENTS-AT-VALUE>                          570979
<RECEIVABLES>                                    11350
<ASSETS-OTHER>                                    3256
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  585585
<PAYABLE-FOR-SECURITIES>                        (8922)
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       (3718)
<TOTAL-LIABILITIES>                            (12640)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         17141
<SHARES-COMMON-STOCK>                             1469
<SHARES-COMMON-PRIOR>                             1336
<ACCUMULATED-NII-CURRENT>                          140
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          51632
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        100569
<NET-ASSETS>                                    572945
<DIVIDEND-INCOME>                                 4758
<INTEREST-INCOME>                                 1093
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2776
<NET-INVESTMENT-INCOME>                           3077
<REALIZED-GAINS-CURRENT>                         52074
<APPREC-INCREASE-CURRENT>                         3511
<NET-CHANGE-FROM-OPS>                            58662
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        (116)
<DISTRIBUTIONS-OF-GAINS>                          (96)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            276
<NUMBER-OF-SHARES-REDEEMED>                      (158)
<SHARES-REINVESTED>                                 16
<NET-CHANGE-IN-ASSETS>                         (56229)
<ACCUMULATED-NII-PRIOR>                            346
<ACCUMULATED-GAINS-PRIOR>                         2539
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2025
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3186
<AVERAGE-NET-ASSETS>                            541653
<PER-SHARE-NAV-BEGIN>                            13.47
<PER-SHARE-NII>                                   .078
<PER-SHARE-GAIN-APPREC>                          1.435
<PER-SHARE-DIVIDEND>                            (.082)
<PER-SHARE-DISTRIBUTIONS>                       (.070)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.83
<EXPENSE-RATIO>                                   1.03
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 073
   <NAME> VALUE FUND INVESTOR B CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                           470410
<INVESTMENTS-AT-VALUE>                          570979
<RECEIVABLES>                                    11350
<ASSETS-OTHER>                                    3256
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  585585
<PAYABLE-FOR-SECURITIES>                        (8922)
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       (3718)
<TOTAL-LIABILITIES>                            (12640)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          6295
<SHARES-COMMON-STOCK>                              501
<SHARES-COMMON-PRIOR>                              382
<ACCUMULATED-NII-CURRENT>                          140
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          51632
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        100569
<NET-ASSETS>                                    572945
<DIVIDEND-INCOME>                                 4758
<INTEREST-INCOME>                                 1093
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    2776
<NET-INVESTMENT-INCOME>                           3077
<REALIZED-GAINS-CURRENT>                         52074
<APPREC-INCREASE-CURRENT>                         3511
<NET-CHANGE-FROM-OPS>                            58662
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (18)
<DISTRIBUTIONS-OF-GAINS>                          (28)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            146
<NUMBER-OF-SHARES-REDEEMED>                       (30)
<SHARES-REINVESTED>                                  3
<NET-CHANGE-IN-ASSETS>                         (56229)
<ACCUMULATED-NII-PRIOR>                            346
<ACCUMULATED-GAINS-PRIOR>                         2539
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2025
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3186
<AVERAGE-NET-ASSETS>                            541653
<PER-SHARE-NAV-BEGIN>                            13.44
<PER-SHARE-NII>                                   .035
<PER-SHARE-GAIN-APPREC>                          1.425
<PER-SHARE-DIVIDEND>                            (.040)
<PER-SHARE-DISTRIBUTIONS>                       (.070)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.79
<EXPENSE-RATIO>                                   1.68
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 091
   <NAME> VIRGINIA INTERMEDIATE TRUST CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          NOV-30-1997
<PERIOD-START>                             DEC-01-1996
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                           236539
<INVESTMENTS-AT-VALUE>                          240951
<RECEIVABLES>                                     3743
<ASSETS-OTHER>                                    1082
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  245776
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       (2174)
<TOTAL-LIABILITIES>                             (2174)
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        231543
<SHARES-COMMON-STOCK>                            23337
<SHARES-COMMON-PRIOR>                            23799
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                           (230)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                         (230)
<ACCUM-APPREC-OR-DEPREC>                          4412
<NET-ASSETS>                                    243602
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 6697
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     963
<NET-INVESTMENT-INCOME>                           5734
<REALIZED-GAINS-CURRENT>                           581
<APPREC-INCREASE-CURRENT>                       (3276)
<NET-CHANGE-FROM-OPS>                             3039
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (5500)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          18394
<NUMBER-OF-SHARES-REDEEMED>                    (23118)
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<PER-SHARE-NAV-END>                              10.11
<EXPENSE-RATIO>                                    .78
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 092
   <NAME> VIRGINIA INTERMEDIATE INVESTOR A CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 101
   <NAME> CAPITAL APPRECIATION TRUST CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 102
   <NAME> CAPITAL APPRECIATION INVESTOR A CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 111
   <NAME> GOVERNMENT BOND TRUST CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 112
   <NAME> GOVERNMENT BOND INVESTOR B CLASS
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<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 121
   <NAME> VIRGINIA MUNICIPAL TRUST CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 122
   <NAME> VIRGINIA MUNICIPAL INVESTOR A CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000790814
<NAME> CRESTFUNDS
<SERIES>
   <NUMBER> 131
   <NAME> MARYLAND MUNICIPAL BOND FUND TRUST CLASS
<MULTIPLIER> 1,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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