<PAGE> PAGE 1
000 B000000 06/30/98
000 C000000 796227
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 EASTCLIFF FUNDS, INC.
001 B000000 811-4722
001 C000000 6123361444
002 A000000 900 SECOND AVE. SOUTH 300 INT'L CENTRE
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55402
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 EASTCLIFF TOTAL RETURN FUND
007 C030100 N
007 C010200 2
007 C020200 EASTCLIFF GROWTH FUND
007 C030200 N
007 C010300 3
007 C020300 EASTCLIFF REGIONAL SMALL CAP. VALUE FUND
007 C030300 N
007 C010400 4
007 C020400 EASTCLIFF CONTRARIAN VALUE FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
010 A00AA01 FIDUCIARY MANAGEMENT, INC.
010 B00AA01 801-15164
010 C01AA01 MILWAUKEE
010 C02AA01 WI
010 C03AA01 53202
012 A00AA01 FIRSTAR TRUST CO.
012 B00AA01 85-00410
012 C01AA01 MILWAUKEE
012 C02AA01 WI
012 C03AA01 53202
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
<PAGE> PAGE 2
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
015 A00AA01 FIRSTAR TRUST CO.
015 B00AA01 C
015 C01AA01 MILWAUKEE
015 C02AA01 WI
015 C03AA01 53202
015 E01AA01 X
020 A000001 MERRILL LYNCH PIERCE FENNER & SMITH INC.
020 B000001 13-5674085
020 C000001 14
020 A000002 WESTMINSTER RESEARCH ASSOCIATES
020 B000002 13-3088032
020 C000002 9
020 A000003 MCDONALD & CO.
020 B000003 34-1391952
020 C000003 8
020 A000004 BRIDGE TRADING CO.
020 B000004 43-1450530
020 C000004 8
020 A000005 CREDIT SUISSE FIRST BOSTON
020 B000005 13-5659485
020 C000005 8
020 A000006 WERTHEIM SCHRODER
020 B000006 13-2697272
020 C000006 8
020 A000007 GRUNTAL & CO. INC.
020 B000007 13-5553799
020 C000007 7
020 A000008 THE CITATION GROUP
020 B000008 13-5674850
020 C000008 7
020 A000009 MORGAN STANLEY & CO. INCORPORATED
020 B000009 13-2655998
020 C000009 7
020 A000010 DAIN RAUSHER WESSELS
020 B000010 41-1416330
020 C000010 6
021 000000 134
022 A000001 FIRSTAR TRUST COMPANY
022 B000001 39-6039160
022 C000001 60038
022 D000001 64596
022 A000002 FIRSTAR NATIONAL BANK
022 B000002 39-0281260
022 C000002 18974
022 D000002 7985
022 A000003 MERRILL LYNCH PIERCE FENNER & SMITH INC.
022 B000003 13-5674085
022 C000003 6481
<PAGE> PAGE 3
022 D000003 5735
022 A000004 JOHN G. KINNARD & CO.
022 B000004 41-0853893
022 C000004 1182
022 D000004 2320
022 A000005 DAIN RAUSCHER WESSELS
022 B000005 41-1416330
022 C000005 1841
022 D000005 1390
022 A000006 FIRST TENNESSEE BANK
022 B000006 62-0201385
022 C000006 1996
022 D000006 1103
022 A000007 FIRST SECURITIES
022 B000007 95-2982668
022 C000007 1000
022 D000007 1301
022 A000008 PIPER, JAFFRAY & HOPWOOD INC.
022 B000008 41-0953246
022 C000008 560
022 D000008 1674
022 A000009 DEUTSCHE MORGAN GRENFELL INC.
022 B000009 13-2730828
022 C000009 913
022 D000009 688
022 A000010 NATIONSBANC MONTGOMERY SECURITIES
022 B000010 94-1701676
022 C000010 327
022 D000010 1242
023 C000000 98227
023 D000000 92128
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
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 N
026 H000000 Y
027 000000 Y
029 00AA00 N
<PAGE> PAGE 4
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 N
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 N
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
<PAGE> PAGE 5
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
063 A00AA00 0
063 B00AA00 0.0
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
078 000000 N
080 A00AA00 GULF INSURANCE COMPANY
080 C00AA00 600
081 A00AA00 Y
081 B00AA00 3
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
<PAGE> PAGE 6
084 A00AA00 N
084 B00AA00 0
085 A00AA00 N
085 B00AA00 N
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
008 A000101 RESOURCE CAPITAL ADVISERS, INC.
008 B000101 A
008 C000101 801-21423
008 D010101 MINNEAPOLIS
008 D020101 MN
008 D030101 55402
008 A000102 PALM BEACH INVESTMENT ADVISERS, INC.
008 B000102 S
008 C000102 801-37626
008 D010102 PALM BEACH
008 D020102 FL
008 D030102 33480
018 000100 Y
019 A000100 Y
019 B000100 4
019 C000100 EASTCLIFFF
028 A010100 129
028 A020100 0
028 A030100 0
028 A040100 493
028 B010100 999
028 B020100 0
028 B030100 0
028 B040100 747
028 C010100 171
028 C020100 0
028 C030100 0
028 C040100 472
028 D010100 119
028 D020100 0
028 D030100 0
028 D040100 1089
028 E010100 43
028 E020100 0
028 E030100 0
<PAGE> PAGE 7
028 E040100 392
028 F010100 93
028 F020100 0
028 F030100 0
028 F040100 436
028 G010100 1554
028 G020100 0
028 G030100 0
028 G040100 3629
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 30000
048 A020100 1.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
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 30000
048 K020100 0.750
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 Y
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 N
070 B020100 N
<PAGE> PAGE 8
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 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 8867
071 B000100 11040
071 C000100 23093
071 D000100 38
072 A000100 12
072 B000100 391
072 C000100 197
072 D000100 0
072 E000100 0
072 F000100 236
072 G000100 47
072 H000100 0
072 I000100 13
072 J000100 6
072 K000100 1
072 L000100 2
072 M000100 0
072 N000100 3
072 O000100 0
<PAGE> PAGE 9
072 P000100 0
072 Q000100 0
072 R000100 13
072 S000100 10
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 3
072 X000100 334
072 Y000100 27
072 Z000100 281
072AA000100 1219
072BB000100 0
072CC010100 5324
072CC020100 0
072DD010100 322
072DD020100 0
072EE000100 680
073 A010100 0.2494
073 A020100 0.0000
073 B000100 0.5265
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 303
074 D000100 4603
074 E000100 0
074 F000100 20477
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 95
074 M000100 0
074 N000100 25478
074 O000100 0
074 P000100 20
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 4
074 S000100 0
074 T000100 25454
074 U010100 1184
074 U020100 0
074 V010100 21.50
074 V020100 0.00
074 W000100 0.0000
074 X000100 56
<PAGE> PAGE 10
074 Y000100 0
075 A000100 0
075 B000100 23641
076 000100 0.00
008 A000201 RESOURCE CAPITAL ADVISERS, INC.
008 B000201 A
008 C000201 801-21423
008 D010201 MINNEAPOLIS
008 D020201 MN
008 D030201 55402
008 A000202 WINSLOW CAPITAL MANAGEMENT, INC.
008 B000202 S
008 C000202 801-41316
008 D010202 MINNEAPOLIS
008 D020202 MN
008 D030202 55402
018 000200 Y
019 A000200 Y
019 B000200 4
019 C000200 EASTCLIFFF
028 A010200 380
028 A020200 4
028 A030200 0
028 A040200 1349
028 B010200 1324
028 B020200 0
028 B030200 0
028 B040200 1084
028 C010200 224
028 C020200 0
028 C030200 0
028 C040200 761
028 D010200 315
028 D020200 0
028 D030200 0
028 D040200 788
028 E010200 99
028 E020200 0
028 E030200 0
028 E040200 541
028 F010200 152
028 F020200 0
028 F030200 0
028 F040200 754
028 G010200 2494
028 G020200 4
028 G030200 0
028 G040200 5277
028 H000200 0
045 000200 Y
046 000200 N
<PAGE> PAGE 11
047 000200 Y
048 000200 1.000
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
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
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 Y
066 E000200 N
066 F000200 N
066 G000200 N
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
<PAGE> PAGE 12
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 46702
071 B000200 52190
071 C000200 50082
071 D000200 93
072 A000200 12
072 B000200 68
072 C000200 149
072 D000200 0
072 E000200 0
072 F000200 512
072 G000200 77
072 H000200 0
072 I000200 16
072 J000200 14
072 K000200 1
072 L000200 3
072 M000200 0
072 N000200 2
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 14
072 S000200 10
072 T000200 0
072 U000200 6
072 V000200 0
072 W000200 11
072 X000200 666
072 Y000200 0
072 Z000200 -449
072AA000200 13570
<PAGE> PAGE 13
072BB000200 0
072CC010200 1782
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 2019
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.6300
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 844
074 D000200 0
074 E000200 0
074 F000200 55855
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 12018
074 K000200 0
074 L000200 20
074 M000200 13
074 N000200 68750
074 O000200 12058
074 P000200 58
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 40
074 S000200 0
074 T000200 56594
074 U010200 3171
074 U020200 0
074 V010200 17.85
074 V020200 0.00
074 W000200 0.0000
074 X000200 71
074 Y000200 0
075 A000200 0
075 B000200 51230
076 000200 0.00
008 A000301 RESOURCE CAPITAL ADVISERS, INC.
008 B000301 A
008 C000301 801-21423
008 D010301 MINNEAPOLIS
008 D020301 MN
008 D030301 55402
008 A000302 WOODLAND PARTNERS LLC
008 B000302 S
<PAGE> PAGE 14
008 C000302 801-52138
008 D010302 MINNEAPOLIS
008 D020302 MN
008 D030302 55402
018 000300 Y
019 A000300 Y
019 B000300 4
019 C000300 EASTCLIFFF
028 A010300 13757
028 A020300 0
028 A030300 0
028 A040300 799
028 B010300 1770
028 B020300 0
028 B030300 0
028 B040300 1078
028 C010300 3200
028 C020300 0
028 C030300 0
028 C040300 5304
028 D010300 1415
028 D020300 0
028 D030300 0
028 D040300 7135
028 E010300 492
028 E020300 0
028 E030300 0
028 E040300 564
028 F010300 389
028 F020300 0
028 F030300 0
028 F040300 701
028 G010300 21023
028 G020300 0
028 G030300 0
028 G040300 15581
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 1.000
048 A010300 0
048 A020300 0.000
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
<PAGE> PAGE 15
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
048 K010300 0
048 K020300 0.000
066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 N
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 N
070 N020300 N
<PAGE> PAGE 16
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 Y
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 45693
071 B000300 17854
071 C000300 50235
071 D000300 36
072 A000300 12
072 B000300 237
072 C000300 398
072 D000300 0
072 E000300 0
072 F000300 544
072 G000300 77
072 H000300 0
072 I000300 16
072 J000300 19
072 K000300 2
072 L000300 5
072 M000300 0
072 N000300 14
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 12
072 S000300 10
072 T000300 0
072 U000300 5
072 V000300 0
072 W000300 3
072 X000300 707
072 Y000300 0
072 Z000300 -72
072AA000300 655
072BB000300 0
072CC010300 4057
072CC020300 0
072DD010300 14
072DD020300 0
072EE000300 241
073 A010300 0.0057
073 A020300 0.0000
073 B000300 0.0878
073 C000300 0.0000
074 A000300 0
074 B000300 0
<PAGE> PAGE 17
074 C000300 1551
074 D000300 0
074 E000300 0
074 F000300 60635
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 56
074 M000300 16
074 N000300 62258
074 O000300 8
074 P000300 67
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 44
074 S000300 0
074 T000300 62139
074 U010300 4582
074 U020300 0
074 V010300 13.56
074 V020300 0.00
074 W000300 0.0000
074 X000300 216
074 Y000300 0
075 A000300 0
075 B000300 54569
076 000300 0.00
008 A000401 RESOURCE CAPITAL ADVISERS, INC.
008 B000401 A
008 C000401 801-21423
008 D010401 MINNEAPOLIS
008 D020401 MN
008 D030401 55402
008 A000402 SASCO CAPITAL, INC.
008 B000402 S
008 C000402 801-25958
008 D010402 FAIRFIELD
008 D020402 CT
008 D030402 06430
018 000400 Y
019 A000400 Y
019 B000400 4
019 C000400 EASTCLIFFF
028 A010400 15516
028 A020400 0
028 A030400 0
028 A040400 244
<PAGE> PAGE 18
028 B010400 2778
028 B020400 0
028 B030400 0
028 B040400 731
028 C010400 735
028 C020400 0
028 C030400 0
028 C040400 111
028 D010400 666
028 D020400 0
028 D030400 0
028 D040400 176
028 E010400 574
028 E020400 0
028 E030400 0
028 E040400 53
028 F010400 137
028 F020400 0
028 F030400 0
028 F040400 178
028 G010400 20406
028 G020400 0
028 G030400 0
028 G040400 1493
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 1.000
048 A010400 0
048 A020400 0.000
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
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
<PAGE> PAGE 19
066 A000400 Y
066 B000400 N
066 C000400 Y
066 D000400 N
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 20386
071 B000400 1869
071 C000400 13726
071 D000400 14
<PAGE> PAGE 20
072 A000400 7
072 B000400 41
072 C000400 143
072 D000400 0
072 E000400 0
072 F000400 90
072 G000400 18
072 H000400 0
072 I000400 6
072 J000400 6
072 K000400 1
072 L000400 0
072 M000400 0
072 N000400 6
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 4
072 S000400 1
072 T000400 0
072 U000400 2
072 V000400 0
072 W000400 1
072 X000400 135
072 Y000400 18
072 Z000400 67
072AA000400 226
072BB000400 0
072CC010400 364
072CC020400 0
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 515
074 D000400 0
074 E000400 0
074 F000400 19109
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 39
074 M000400 21
074 N000400 19684
<PAGE> PAGE 21
074 O000400 75
074 P000400 37
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 3
074 S000400 0
074 T000400 19569
074 U010400 1880
074 U020400 0
074 V010400 10.41
074 V020400 0.00
074 W000400 0.0000
074 X000400 13
074 Y000400 0
075 A000400 0
075 B000400 18029
076 000400 0.00
SIGNATURE JOHN A. CLYMER
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000796227
<NAME> EASTCLIFF FUNDS, INC.
<SERIES>
<NUMBER> 1
<NAME> EASTCLIFF TOTAL RETURN FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 13248
<INVESTMENTS-AT-VALUE> 25383
<RECEIVABLES> 95
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 25478
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24
<TOTAL-LIABILITIES> 24
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11995
<SHARES-COMMON-STOCK> 1184
<SHARES-COMMON-PRIOR> 1283
<ACCUMULATED-NII-CURRENT> 109
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1215
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12135
<NET-ASSETS> 25454
<DIVIDEND-INCOME> 197
<INTEREST-INCOME> 391
<OTHER-INCOME> 0
<EXPENSES-NET> 307
<NET-INVESTMENT-INCOME> 281
<REALIZED-GAINS-CURRENT> 1219
<APPREC-INCREASE-CURRENT> 5324
<NET-CHANGE-FROM-OPS> 6824
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 322
<DISTRIBUTIONS-OF-GAINS> 680
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 163
<NUMBER-OF-SHARES-REDEEMED> 303
<SHARES-REINVESTED> 41
<NET-CHANGE-IN-ASSETS> 3828
<ACCUMULATED-NII-PRIOR> 150
<ACCUMULATED-GAINS-PRIOR> 676
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 236
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 334
<AVERAGE-NET-ASSETS> 23641
<PER-SHARE-NAV-BEGIN> 16.86
<PER-SHARE-NII> .23
<PER-SHARE-GAIN-APPREC> 5.19
<PER-SHARE-DIVIDEND> .25
<PER-SHARE-DISTRIBUTIONS> .53
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.50
<EXPENSE-RATIO> 1.3
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000796227
<NAME> EASTCLIFF FUNDS, INC.
<SERIES>
<NUMBER> 2
<NAME> EASTCLIFF GROWTH FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 39047
<INVESTMENTS-AT-VALUE> 56699
<RECEIVABLES> 12038
<ASSETS-OTHER> 13
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 68750
<PAYABLE-FOR-SECURITIES> 12058
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 98
<TOTAL-LIABILITIES> 12156
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29457
<SHARES-COMMON-STOCK> 3171
<SHARES-COMMON-PRIOR> 3331
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 9485
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17652
<NET-ASSETS> 56594
<DIVIDEND-INCOME> 149
<INTEREST-INCOME> 68
<OTHER-INCOME> 0
<EXPENSES-NET> 666
<NET-INVESTMENT-INCOME> (449)
<REALIZED-GAINS-CURRENT> 13570
<APPREC-INCREASE-CURRENT> 1782
<NET-CHANGE-FROM-OPS> 14903
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 2019
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 327
<NUMBER-OF-SHARES-REDEEMED> 628
<SHARES-REINVESTED> 141
<NET-CHANGE-IN-ASSETS> 10205
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1622)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 512
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 666
<AVERAGE-NET-ASSETS> 51230
<PER-SHARE-NAV-BEGIN> 13.92
<PER-SHARE-NII> (.15)
<PER-SHARE-GAIN-APPREC> 4.71
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .63
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.85
<EXPENSE-RATIO> 1.3
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000796227
<NAME> EASTCLIFF FUNDS, INC.
<SERIES>
<NUMBER> 3
<NAME> EASTCLIFF REGIONAL SMALL CAP. VALUE FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 54149
<INVESTMENTS-AT-VALUE> 62186
<RECEIVABLES> 56
<ASSETS-OTHER> 16
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 62258
<PAYABLE-FOR-SECURITIES> 8
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 111
<TOTAL-LIABILITIES> 119
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53593
<SHARES-COMMON-STOCK> 4582
<SHARES-COMMON-PRIOR> 2390
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 509
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8037
<NET-ASSETS> 62139
<DIVIDEND-INCOME> 398
<INTEREST-INCOME> 237
<OTHER-INCOME> 0
<EXPENSES-NET> 707
<NET-INVESTMENT-INCOME> (72)
<REALIZED-GAINS-CURRENT> 655
<APPREC-INCREASE-CURRENT> 4057
<NET-CHANGE-FROM-OPS> 4640
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 14
<DISTRIBUTIONS-OF-GAINS> 241
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4074
<NUMBER-OF-SHARES-REDEEMED> 1901
<SHARES-REINVESTED> 19
<NET-CHANGE-IN-ASSETS> 32908
<ACCUMULATED-NII-PRIOR> 14
<ACCUMULATED-GAINS-PRIOR> 163
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 544
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 707
<AVERAGE-NET-ASSETS> 54569
<PER-SHARE-NAV-BEGIN> 12.23
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> 1.43
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .09
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.56
<EXPENSE-RATIO> 1.3
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000796227
<NAME> EASTCLIFF FUNDS, INC.
<SERIES>
<NUMBER> 4
<NAME> EASTCLIFF CONTRARIAN VALUE FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 7-MOS
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> DEC-30-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 19260
<INVESTMENTS-AT-VALUE> 19624
<RECEIVABLES> 39
<ASSETS-OTHER> 21
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 19684
<PAYABLE-FOR-SECURITIES> 75
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 40
<TOTAL-LIABILITIES> 115
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18910
<SHARES-COMMON-STOCK> 1880
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 69
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 226
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 364
<NET-ASSETS> 19569
<DIVIDEND-INCOME> 143
<INTEREST-INCOME> 41
<OTHER-INCOME> 0
<EXPENSES-NET> 117
<NET-INVESTMENT-INCOME> 67
<REALIZED-GAINS-CURRENT> 226
<APPREC-INCREASE-CURRENT> 364
<NET-CHANGE-FROM-OPS> 657
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2027
<NUMBER-OF-SHARES-REDEEMED> 147
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 19569
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 90
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 135
<AVERAGE-NET-ASSETS> 18029
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> .37
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.41
<EXPENSE-RATIO> 1.3
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>