AVESTA TRUST
NSAR-B, 1998-03-16
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<PAGE>      PAGE  1
000 B000000 12/31/97
000 C000000 0000803747
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 AVESTA TRUST
001 B000000 811-5526
001 C000000 7132164465
002 A000000 815 TRAVIS STREET, 14TH FL HCB
002 B000000 HOUSTON
002 C000000 TX
002 D010000 77002
002 D020000 8310
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 15
007 C010100  1
007 C020100 EQUITY GROWTH FUND
007 C030100 N
007 C010200  2
007 C020200 EQUITY INCOME FUND
007 C030200 N
007 C010300  3
007 C020300 BALANCED FUND
007 C030300 N
007 C010400  4
007 C020400 INCOME FUND
007 C030400 N
007 C010500  5
007 C020500 MONEY MARKET FUND
007 C030500 N
007 C010600  6
007 C020600 CORE EQUITY FUND
007 C030600 N
007 C010700  7
007 C020700 SMALL CAPITALIZATION FUND
007 C030700 N
007 C010800  8
007 C020800 SHORT INTERMEDIATE TERM US GOVT SECURITIES FD
007 C030800 N
007 C010900  9
007 C020900 U.S. GOVERNMENT SECURITIES FUND
007 C030900 N
007 C011000 10
<PAGE>      PAGE  2
007 C021000 INTERMEDIATE TERM BOND FUND
007 C031000 N
007 C011100 11
007 C021100 RISK MANAGER-INCOME FUND
007 C031100 Y
007 C011200 12
007 C021200 RISK MANAGER-BALANCED FUND
007 C031200 Y
007 C011300 13
007 C021300 RISK MANAGER-GROWTH
007 C031300 Y
007 C011400 14
007 C021400 INTERNATIONAL EQUITY FUND
007 C031400 Y
007 C011500 15
007 C021500 INTERNATIONAL BOND FUND
007 C031500 Y
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
008 A00AA01 TEXAS COMMERCE BANK NATIONAL ASSOCIATION
008 B00AA01 A
008 C00AA01 801-000000
008 D01AA01 HOUSTON
008 D02AA01 TX
008 D03AA01 77002
010 A00AA01 CHASE GLOBAL FUNDS SERVICES COMPANY
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 10108
013 A00AA01 PRICE WATERHOUSE, LLP
013 B01AA01 HOUSTON
013 B02AA01 TX
013 B03AA01 77002
014 A00AA01 CHASE SECURITIES OF TEXAS, INC.
014 B00AA01 8-115526
020 A000001 ALLIED RESEARCH SERVICES
020 C000001     26
020 A000002 LEHMAN BROTHERS, INC.
020 B000002 94-2537674
020 C000002     19
020 A000003 PAINE WEBBER, INC.
020 B000003 13-2638166
020 C000003     17
020 A000004 BEAR STEARNS & CO., INC.
020 B000004 13-3299429
020 C000004     17
020 A000005 O'NEIL (WILLIAM) & CO., INC.
020 B000005 95-2269163
<PAGE>      PAGE  3
020 C000005      8
020 A000006 MORGAN STANLEY & CO., INC.
020 B000006 13-2655998
020 C000006      8
020 A000007 EXECUTION SERVICES, INC.
020 B000007 13-2862329
020 C000007      7
020 A000008 DAVIS (NED)
020 B000008 58-1412594
020 C000008      5
020 A000009 LIPPER ANALYTICAL SECURITIES CORP.
020 B000009 13-2792478
020 C000009      5
020 A000010 BRIDGE TRADING CO.
020 B000010 43-1450530
020 C000010      4
021  000000      175
022 A000001 LEHMAN BROTHERS, INC.
022 B000001 94-2537674
022 C000001   3188355
022 D000001     13727
022 A000002 GOLDMAN SACHS
022 B000002 13-5108880
022 C000002   1126379
022 D000002     13799
022 A000003 MERRILL LYNCH & CO., INC.
022 B000003 13-5674085
022 C000003    974919
022 D000003     18969
022 A000004 B.Z.W. SECURITIES, INC.
022 B000004 13-3551361
022 C000004    489174
022 D000004         0
022 A000005 BARCLAYS BANK PLC
022 B000005 13-3551367
022 C000005    271353
022 D000005       463
022 A000006 BANK OF AMERICA
022 B000006 94-1687665
022 C000006    165552
022 D000006      3448
022 A000007 BARCLAY INVESTMENTS, INC.
022 B000007 05-0346412
022 C000007     62674
022 D000007         0
022 A000008 CS FIRST BOSTON CORP.
022 B000008 13-5659485
022 C000008     22132
022 D000008      1920
022 A000009 DAVS (NED)
022 B000009 58-1412594
<PAGE>      PAGE  4
022 C000009     10790
022 D000009     12177
022 A000010 CHASE MANHATTAN BANK
022 B000010 13-2633612
022 C000010     18076
022 D000010         0
023 C000000    6564732
023 D000000     189934
027  000000 Y
077 A000000 Y
077 B000000 Y
077 C000000 Y
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 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 TEXAS PACIFIC INDEMNITY CO.
080 C00AA00     4500
081 A00AA00 N
081 B00AA00   0
082 A00AA00 Y
082 B00AA00       25
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
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
<PAGE>      PAGE  5
086 F010000      0
086 F020000      0
028 A010100       886
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028 C020100         0
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028 D010100      2650
028 D020100         0
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028 E010100      2559
028 E020100         0
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055 A000100 N
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056  000100 Y
057  000100 N
058 A000100 N
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062 A000100 N
062 B000100   0.0
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062 D000100   0.0
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<PAGE>      PAGE  6
062 L000100   0.0
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062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
066 A000100 Y
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066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067  000100 N
068 A000100 N
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069  000100 N
070 A010100 Y
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070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
<PAGE>      PAGE  7
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100     23861
071 B000100     25238
071 C000100     68275
071 D000100   35
072 A000100 12
072 B000100       64
072 C000100      780
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072 I000100        0
072 J000100        0
072 K000100        0
072 L000100        0
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072 O000100        0
072 P000100        0
072 Q000100       47
072 R000100       12
072 S000100        1
072 T000100        0
072 U000100        0
072 V000100        0
072 W000100        7
072 X000100      778
072 Y000100       77
072 Z000100      142
072AA000100     4969
072BB000100        0
072CC010100    16308
072CC020100        0
072DD010100        0
072DD020100        0
072EE000100        0
073 A010100   0.0000
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100        0
074 B000100        0
074 C000100        0
074 D000100        0
074 E000100        0
074 F000100    76360
074 G000100        0
<PAGE>      PAGE  8
074 H000100        0
074 I000100        0
074 J000100     3037
074 K000100        0
074 L000100      113
074 M000100        0
074 N000100    79510
074 O000100     2780
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100        0
074 S000100        0
074 T000100    76730
074 U010100     2001
074 U020100        0
074 V010100    38.36
074 V020100     0.00
074 W000100   0.0000
074 X000100      491
074 Y000100        0
075 A000100        0
075 B000100    70091
076  000100     0.00
028 A010200       954
028 A020200         0
028 A030200         0
028 A040200      1353
028 B010200      1720
028 B020200         0
028 B030200         0
028 B040200      2236
028 C010200      4118
028 C020200         0
028 C030200         0
028 C040200      1137
028 D010200      1662
028 D020200         0
028 D030200         0
028 D040200      1405
028 E010200      1257
028 E020200         0
028 E030200         0
028 E040200       694
028 F010200      1155
028 F020200         0
028 F030200         0
028 F040200      4997
028 G010200     10866
<PAGE>      PAGE  9
028 G020200         0
028 G030200         0
028 G040200     11822
028 H000200         0
055 A000200 N
055 B000200 N
056  000200 Y
057  000200 N
058 A000200 N
059  000200 Y
060 A000200 Y
060 B000200 Y
061  000200   100000
062 A000200 N
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
066 A000200 Y
066 B000200 N
066 C000200 Y
066 D000200 N
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 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
<PAGE>      PAGE  10
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 N
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200      9502
071 B000200     13849
071 C000200     67144
071 D000200   14
072 A000200 12
072 B000200      175
072 C000200     1362
072 D000200        0
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072 N000200       10
072 O000200        0
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072 Q000200       46
072 R000200       12
072 S000200        1
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<PAGE>      PAGE  11
072 U000200        0
072 V000200        0
072 W000200        7
072 X000200      789
072 Y000200       79
072 Z000200      826
072AA000200     5013
072BB000200        0
072CC010200    12447
072CC020200        0
072DD010200        0
072DD020200        0
072EE000200        0
073 A010200   0.0000
073 A020200   0.0000
073 B000200   0.0000
073 C000200   0.0000
074 A000200        1
074 B000200        0
074 C000200        0
074 D000200        0
074 E000200        0
074 F000200    74928
074 G000200        0
074 H000200        0
074 I000200      101
074 J000200     3515
074 K000200        0
074 L000200      153
074 M000200        0
074 N000200    78697
074 O000200     3450
074 P000200        0
074 Q000200        0
074 R010200        0
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074 R030200        0
074 R040200        4
074 S000200        0
074 T000200    75243
074 U010200     2035
074 U020200        0
074 V010200    36.97
074 V020200     0.00
074 W000200   0.0000
074 X000200      530
074 Y000200        0
075 A000200        0
075 B000200    71280
076  000200     0.00
028 A010300       220
<PAGE>      PAGE  12
028 A020300         0
028 A030300         0
028 A040300       628
028 B010300       185
028 B020300         0
028 B030300         0
028 B040300       913
028 C010300       145
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028 C030300         0
028 C040300       361
028 D010300       313
028 D020300         0
028 D030300         0
028 D040300       661
028 E010300      1005
028 E020300         0
028 E030300         0
028 E040300       269
028 F010300     12671
028 F020300         0
028 F030300         0
028 F040300      2962
028 G010300     14539
028 G020300         0
028 G030300         0
028 G040300      5794
028 H000300         0
055 A000300 N
055 B000300 N
056  000300 Y
057  000300 N
058 A000300 N
059  000300 Y
060 A000300 Y
060 B000300 Y
061  000300   100000
062 A000300 N
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
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<PAGE>      PAGE  13
062 O000300   0.0
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067  000300 Y
068 A000300 N
068 B000300 N
069  000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 Y
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 Y
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070 L020300 Y
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070 N010300 N
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
<PAGE>      PAGE  14
071 A000300     27176
071 B000300     15686
071 C000300     24513
071 D000300   64
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<PAGE>      PAGE  15
074 K000300        0
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028 A010400       326
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<PAGE>      PAGE  16
028 H000400         0
055 A000400 N
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062 H000400   0.0
062 I000400   0.0
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062 K000400   0.0
062 L000400   0.1
062 M000400  40.2
062 N000400   9.6
062 O000400   0.0
062 P000400  46.2
062 Q000400   0.0
062 R000400   0.0
063 A000400   0
063 B000400 12.1
066 A000400 N
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
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070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
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070 G020400 N
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<PAGE>      PAGE  17
070 I010400 Y
070 I020400 N
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070 J020400 N
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070 K020400 Y
070 L010400 Y
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070 M020400 N
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070 N020400 N
070 O010400 N
070 O020400 N
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070 P020400 N
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070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400     55045
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<PAGE>      PAGE  18
072BB000400       40
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<PAGE>      PAGE  19
028 C010500     15761
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055 A000500 N
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057  000500 N
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066 A000500 N
<PAGE>      PAGE  20
067  000500 N
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070 A010500 Y
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070 D010500 N
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070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 Y
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070 M010500 N
070 M020500 N
070 N010500 N
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 Y
070 P020500 N
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070 Q020500 N
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071 A000500         0
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<PAGE>      PAGE  21
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<PAGE>      PAGE  22
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055 A000600 N
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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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055 A000700 N
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066 A000700 Y
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<PAGE>      PAGE  27
069  000700 N
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<PAGE>      PAGE  28
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<PAGE>      PAGE  29
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055 A000800 N
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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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055 A000900 N
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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<PAGE>      PAGE  36
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<PAGE>      PAGE  37
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<PAGE>      PAGE  38
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<PAGE>      PAGE  39
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<PAGE>      PAGE  40
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<PAGE>      PAGE  41
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<PAGE>      PAGE  42
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<PAGE>      PAGE  43
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055 A001200 Y
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066 A001200 Y
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<PAGE>      PAGE  44
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<PAGE>      PAGE  45
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<PAGE>      PAGE  46
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055 A001300 N
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<PAGE>      PAGE  47
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066 A001300 Y
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066 E001300 N
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<PAGE>      PAGE  48
070 K011300 Y
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070 R021300 N
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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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074 N001500        0
<PAGE>      PAGE  52
SIGNATURE   AMY MIAN                                     
TITLE       TREASURER           
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
   <NUMBER> 03
   <NAME> BALANCED FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       34,209,268
<INVESTMENTS-AT-VALUE>                      39,930,888
<RECEIVABLES>                                1,820,826
<ASSETS-OTHER>                                     553
<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    5,393,630
<TOTAL-LIABILITIES>                          5,393,630
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    13,006,584
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<SHARES-COMMON-PRIOR>                          956,554
<ACCUMULATED-NII-CURRENT>                    7,527,733
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     10,102,700
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                36,358,637
<DIVIDEND-INCOME>                              151,495  
<INTEREST-INCOME>                              806,452
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (256,363)
<NET-INVESTMENT-INCOME>                        701,584
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<APPREC-INCREASE-CURRENT>                    2,792,495
<NET-CHANGE-FROM-OPS>                        5,304,310
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        638,998
<NUMBER-OF-SHARES-REDEEMED>                  (352,780)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      13,727,415
<ACCUMULATED-NII-PRIOR>                      6,826,149
<ACCUMULATED-GAINS-PRIOR>                    8,292,469
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          256,363
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                328,771
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<PER-SHARE-NAV-BEGIN>                            23.66
<PER-SHARE-NII>                                   0.74
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<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              29.26
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
   <NUMBER> 06
   <NAME> CORE EQUITY FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       34,538,533
<INVESTMENTS-AT-VALUE>                      51,298,052
<RECEIVABLES>                                   98,618
<ASSETS-OTHER>                                     832
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              51,397,502
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    30,879,971
<SHARES-COMMON-STOCK>                        2,418,258
<SHARES-COMMON-PRIOR>                        1,793,487
<ACCUMULATED-NII-CURRENT>                    1,238,604
<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
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<INTEREST-INCOME>                              103,898
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (377,800)
<NET-INVESTMENT-INCOME>                        279,116
<REALIZED-GAINS-CURRENT>                     1,155,783
<APPREC-INCREASE-CURRENT>                    8,866,879
<NET-CHANGE-FROM-OPS>                       10,301,778
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,107,322
<NUMBER-OF-SHARES-REDEEMED>                  (482,551)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      22,813,925
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<ACCUMULATED-GAINS-PRIOR>                    1,363,625
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          377,800
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                453,053
<AVERAGE-NET-ASSETS>                        37,813,483
<PER-SHARE-NAV-BEGIN>                            15.94
<PER-SHARE-NII>                                   0.14
<PER-SHARE-GAIN-APPREC>                           5.17
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.25
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
   <NUMBER> 01
   <NAME> EQUITY GROWTH FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       45,765,185
<INVESTMENTS-AT-VALUE>                      76,360,271
<RECEIVABLES>                                3,149,785
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              79,510,056
<PAYABLE-FOR-SECURITIES>                     2,779,829
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                          2,779,829
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    30,609,868
<SHARES-COMMON-STOCK>                        2,000,502
<SHARES-COMMON-PRIOR>                        2,050,816
<ACCUMULATED-NII-CURRENT>                    1,954,808
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     13,570,465
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    30,595,086
<NET-ASSETS>                                76,730,227
<DIVIDEND-INCOME>                              779,840
<INTEREST-INCOME>                               63,588
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (700,938)
<NET-INVESTMENT-INCOME>                        142,490
<REALIZED-GAINS-CURRENT>                     4,969,397
<APPREC-INCREASE-CURRENT>                   16,308,101
<NET-CHANGE-FROM-OPS>                       21,419,988
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        488,810
<NUMBER-OF-SHARES-REDEEMED>                  (539,124)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      19,402,105
<ACCUMULATED-NII-PRIOR>                      1,812,318
<ACCUMULATED-GAINS-PRIOR>                    8,601,068
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          700,938
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                777,778
<AVERAGE-NET-ASSETS>                        70,133,300
<PER-SHARE-NAV-BEGIN>                            27.95
<PER-SHARE-NII>                                   0.07
<PER-SHARE-GAIN-APPREC>                          10.34
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              38.36
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
   <NUMBER> 02
   <NAME> EQUITY INCOME FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       45,703,062
<INVESTMENTS-AT-VALUE>                      75,028,632
<RECEIVABLES>                                3,667,424
<ASSETS-OTHER>                                     908
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              78,696,964
<PAYABLE-FOR-SECURITIES>                     3,450,039
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        3,863
<TOTAL-LIABILITIES>                          3,453,902
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    28,066,589
<SHARES-COMMON-STOCK>                        2,035,410
<SHARES-COMMON-PRIOR>                        2,247,062
<ACCUMULATED-NII-CURRENT>                    5,539,793
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     12,311,110
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    29,325,570
<NET-ASSETS>                                75,243,062
<DIVIDEND-INCOME>                            1,361,525
<INTEREST-INCOME>                              174,765
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (709,821)
<NET-INVESTMENT-INCOME>                        826,469
<REALIZED-GAINS-CURRENT>                     5,012,917
<APPREC-INCREASE-CURRENT>                   12,446,787
<NET-CHANGE-FROM-OPS>                       18,286,173
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        564,632
<NUMBER-OF-SHARES-REDEEMED>                  (776,284)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      11,852,598
<ACCUMULATED-NII-PRIOR>                      6,713,324
<ACCUMULATED-GAINS-PRIOR>                    7,298,193
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          709,821
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                788,745
<AVERAGE-NET-ASSETS>                        71,303,816
<PER-SHARE-NAV-BEGIN>                            28.21
<PER-SHARE-NII>                                   0.40
<PER-SHARE-GAIN-APPREC>                           8.36
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              36.97
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
   <NUMBER> 04
   <NAME> INCOME FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       48,977,364
<INVESTMENTS-AT-VALUE>                      50,528,533
<RECEIVABLES>                                5,651,726
<ASSETS-OTHER>                                     210
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              56,180,469
<PAYABLE-FOR-SECURITIES>                     4,839,406
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       12,046
<TOTAL-LIABILITIES>                          4,851,452
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    24,020,060
<SHARES-COMMON-STOCK>                        2,543,633
<SHARES-COMMON-PRIOR>                        2,888,629
<ACCUMULATED-NII-CURRENT>                   23,862,520
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,895,268
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,551,169
<NET-ASSETS>                                51,329,017
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            3,373,648
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (384,204)
<NET-INVESTMENT-INCOME>                      2,989,444
<REALIZED-GAINS-CURRENT>                      (39,579)
<APPREC-INCREASE-CURRENT>                    1,289,272
<NET-CHANGE-FROM-OPS>                        4,239,137
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        461,702
<NUMBER-OF-SHARES-REDEEMED>                  (806,698)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (2,285,282)
<ACCUMULATED-NII-PRIOR>                     20,843,076
<ACCUMULATED-GAINS-PRIOR>                    1,934,847
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          512,611
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                583,094
<AVERAGE-NET-ASSETS>                        51,362,971
<PER-SHARE-NAV-BEGIN>                            18.56
<PER-SHARE-NII>                                   1.14
<PER-SHARE-GAIN-APPREC>                           0.48
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.18
<EXPENSE-RATIO>                                   0.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
   <NUMBER> 10
   <NAME> INTERMEDIATE TERM BOND FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       18,006,954
<INVESTMENTS-AT-VALUE>                      18,381,459
<RECEIVABLES>                                  214,189
<ASSETS-OTHER>                                     135
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              18,595,783
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          533
<TOTAL-LIABILITIES>                                533
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    16,315,954
<SHARES-COMMON-STOCK>                        1,458,246
<SHARES-COMMON-PRIOR>                          584,568
<ACCUMULATED-NII-CURRENT>                    1,608,215
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        296,576
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       374,505
<NET-ASSETS>                                18,595,250
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              955,834
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (112,462)
<NET-INVESTMENT-INCOME>                        843,372
<REALIZED-GAINS-CURRENT>                        85,966
<APPREC-INCREASE-CURRENT>                      359,955
<NET-CHANGE-FROM-OPS>                        1,289,293
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,218,217
<NUMBER-OF-SHARES-REDEEMED>                  (344,539)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      11,646,492
<ACCUMULATED-NII-PRIOR>                        764,843
<ACCUMULATED-GAINS-PRIOR>                      210,610
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          112,462
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                188,007 
<AVERAGE-NET-ASSETS>                        15,045,633
<PER-SHARE-NAV-BEGIN>                            11.89
<PER-SHARE-NII>                                   0.56
<PER-SHARE-GAIN-APPREC>                           0.30
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.75
<EXPENSE-RATIO>                                   0.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
   <NUMBER> 05
   <NAME> MONEY MARKET FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      134,499,518
<INVESTMENTS-AT-VALUE>                     134,499,518
<RECEIVABLES>                                1,041,990
<ASSETS-OTHER>                                     676
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             135,542,184
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      963,290
<TOTAL-LIABILITIES>                            963,290
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                      134,578,894
<SHARES-COMMON-PRIOR>                      119,105,990
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               134,578,894
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            6,927,151
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (620,285)
<NET-INVESTMENT-INCOME>                      6,306,866 
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                        6,306,866
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (6,306,866)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    185,047,372
<NUMBER-OF-SHARES-REDEEMED>              (173,596,247)
<SHARES-REINVESTED>                          4,021,779
<NET-CHANGE-IN-ASSETS>                      15,472,904
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          806,004
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                913,308
<AVERAGE-NET-ASSETS>                       123,812,950
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                  0.051
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                      (0.051)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   0.50
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
   <NUMBER> 12
   <NAME> RISK MANAGER-BALANCED FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                 12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                    1,611
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   1,611
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        2,335 
<TOTAL-LIABILITIES>                              2,335
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   (3,031,635)
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                          455,222
<ACCUMULATED-NII-CURRENT>                      713,240
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      2,317,671
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                     (724)
<DIVIDEND-INCOME>                               40,291
<INTEREST-INCOME>                              211,741
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (68,268)
<NET-INVESTMENT-INCOME>                        183,764
<REALIZED-GAINS-CURRENT>                     1,601,439
<APPREC-INCREASE-CURRENT>                    (682,316)
<NET-CHANGE-FROM-OPS>                        1,102,887
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        208,888
<NUMBER-OF-SHARES-REDEEMED>                  (664,110)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (5,915,997)
<ACCUMULATED-NII-PRIOR>                        529,476
<ACCUMULATED-GAINS-PRIOR>                      716,232
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           68,268
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                136,538
<AVERAGE-NET-ASSETS>                         6,232,866
<PER-SHARE-NAV-BEGIN>                            12.99
<PER-SHARE-NII>                                   0.61
<PER-SHARE-GAIN-APPREC>                           4.94
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                   1.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
   <NUMBER> 13
   <NAME> RISK MANAGER-GROWTH FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                 12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                    1,243
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   1,243
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        1,333
<TOTAL-LIABILITIES>                              1,333
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   (1,805,557)
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                          246,209
<ACCUMULATED-NII-CURRENT>                      345,074
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,460,393
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                      (90)
<DIVIDEND-INCOME>                               20,499
<INTEREST-INCOME>                               64,987
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (27,017)
<NET-INVESTMENT-INCOME>                         58,469
<REALIZED-GAINS-CURRENT>                       816,977
<APPREC-INCREASE-CURRENT>                    (419,876)
<NET-CHANGE-FROM-OPS>                          455,570
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         64,760
<NUMBER-OF-SHARES-REDEEMED>                  (310,969)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (3,366,731)
<ACCUMULATED-NII-PRIOR>                        286,605
<ACCUMULATED-GAINS-PRIOR>                      643,597
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           27,017
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 95,708
<AVERAGE-NET-ASSETS>                         2,450,348
<PER-SHARE-NAV-BEGIN>                            13.67
<PER-SHARE-NII>                                   0.50
<PER-SHARE-GAIN-APPREC>                           6.27
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                   1.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
   <NUMBER> 11
   <NAME> RISK MANAGER-INCOME FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                 12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                      660
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                     660
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          709
<TOTAL-LIABILITIES>                                709
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   (2,401,266)
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                          385,376
<ACCUMULATED-NII-CURRENT>                      935,254
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,465,963
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                      (49)
<DIVIDEND-INCOME>                               14,133
<INTEREST-INCOME>                              185,391
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (43,992)
<NET-INVESTMENT-INCOME>                        155,532
<REALIZED-GAINS-CURRENT>                       592,220
<APPREC-INCREASE-CURRENT>                    (246,601)
<NET-CHANGE-FROM-OPS>                          501,151
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         54,594
<NUMBER-OF-SHARES-REDEEMED>                  (439,970)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (4,740,310)
<ACCUMULATED-NII-PRIOR>                        779,722
<ACCUMULATED-GAINS-PRIOR>                      873,743
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           43,992
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                112,476
<AVERAGE-NET-ASSETS>                         4,018,096
<PER-SHARE-NAV-BEGIN>                            12.30
<PER-SHARE-NII>                                   0.64
<PER-SHARE-GAIN-APPREC>                           2.08
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                                  0
<EXPENSE-RATIO>                                   1.10
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
   <NUMBER> 08
   <NAME> SHORT INTERMEDIATE TERM US GOVERNMENT SECURITIES FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       23,456,589
<INVESTMENTS-AT-VALUE>                      23,746,283
<RECEIVABLES>                                  212,660
<ASSETS-OTHER>                                     789
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              23,959,732
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       11,269
<TOTAL-LIABILITIES>                             11,269
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    19,042,492
<SHARES-COMMON-STOCK>                        1,932,192
<SHARES-COMMON-PRIOR>                        2,449,452 
<ACCUMULATED-NII-CURRENT>                    5,395,570
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      (779,293)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       289,694
<NET-ASSETS>                                23,948,463
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            1,596,815
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (194,675)
<NET-INVESTMENT-INCOME>                      1,402,140
<REALIZED-GAINS-CURRENT>                      (36,214)
<APPREC-INCREASE-CURRENT>                      173,254
<NET-CHANGE-FROM-OPS>                        1,539,180
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        641,679
<NUMBER-OF-SHARES-REDEEMED>                (1,158,939)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (4,602,318)
<ACCUMULATED-NII-PRIOR>                      3,993,430
<ACCUMULATED-GAINS-PRIOR>                    (743,079)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          194,675
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                262,583
<AVERAGE-NET-ASSETS>                        25,968,367
<PER-SHARE-NAV-BEGIN>                            11.66
<PER-SHARE-NII>                                   0.67
<PER-SHARE-GAIN-APPREC>                           0.06
<PER-SHARE-DIVIDEND>                                 0
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.39
<EXPENSE-RATIO>                                   0.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
   <NUMBER> 07
   <NAME> SMALL CAPITALIZATION FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       32,336,698
<INVESTMENTS-AT-VALUE>                      41,379,456
<RECEIVABLES>                                  253,044
<ASSETS-OTHER>                                     738
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              41,633,238
<PAYABLE-FOR-SECURITIES>                     1,598,033
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        6,893
<TOTAL-LIABILITIES>                          1,604,926
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    25,913,575
<SHARES-COMMON-STOCK>                        1,837,939
<SHARES-COMMON-PRIOR>                        1,182,097
<ACCUMULATED-NII-CURRENT>                      158,428
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,913,551
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     9,042,758
<NET-ASSETS>                                40,028,312
<DIVIDEND-INCOME>                              219,587
<INTEREST-INCOME>                              126,874
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (306,652)
<NET-INVESTMENT-INCOME>                         39,809
<REALIZED-GAINS-CURRENT>                     2,445,973
<APPREC-INCREASE-CURRENT>                    4,450,108
<NET-CHANGE-FROM-OPS>                        6,935,890
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,005,821
<NUMBER-OF-SHARES-REDEEMED>                  (349,979)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      19,278,103
<ACCUMULATED-NII-PRIOR>                        118,619
<ACCUMULATED-GAINS-PRIOR>                    2,467,578
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          352,263
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                428,049
<AVERAGE-NET-ASSETS>                        30,654,059
<PER-SHARE-NAV-BEGIN>                            17.55
<PER-SHARE-NII>                                   0.02
<PER-SHARE-GAIN-APPREC>                           4.21
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.78
<EXPENSE-RATIO>                                   1.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000803747
<NAME> AVESTA TRUST
<SERIES>
   <NUMBER> 09
   <NAME> U.S. GOVERNMENT SECURITIES FUND
<MULTIPLIER> 1
       
<S>                             <C>
<PERIOD-TYPE>                  12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                        2,785,201
<INVESTMENTS-AT-VALUE>                       2,876,256
<RECEIVABLES>                                   50,638
<ASSETS-OTHER>                                     865
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               2,927,759
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     2,181,832
<SHARES-COMMON-STOCK>                          209,490
<SHARES-COMMON-PRIOR>                          215,229
<ACCUMULATED-NII-CURRENT>                      731,587
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (76,715)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        91,055
<NET-ASSETS>                                 2,927,759
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                              180,471
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                (20,879)
<NET-INVESTMENT-INCOME>                        159,592
<REALIZED-GAINS-CURRENT>                       114,518
<APPREC-INCREASE-CURRENT>                     (15,753)
<NET-CHANGE-FROM-OPS>                          258,357
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         59,298
<NUMBER-OF-SHARES-REDEEMED>                   (65,037)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                         181,082
<ACCUMULATED-NII-PRIOR>                        571,995
<ACCUMULATED-GAINS-PRIOR>                    (191,233)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           23,662
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 87,590
<AVERAGE-NET-ASSETS>                         2,782,843
<PER-SHARE-NAV-BEGIN>                            12.76
<PER-SHARE-NII>                                   0.75
<PER-SHARE-GAIN-APPREC>                           0.47
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.98  
<EXPENSE-RATIO>                                   0.75
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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