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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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<PAGE> PAGE 7
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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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 28
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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 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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SIGNATURE S. ELLOITT COHAN
TITLE ASST.GEN. COUNSEL
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> Star Treasury Fund
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> May-31-1995
<INVESTMENTS-AT-COST> 481,575,816
<INVESTMENTS-AT-VALUE> 481,575,816
<RECEIVABLES> 1,009,183
<ASSETS-OTHER> 24,980
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 482,609,979
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,090,837
<TOTAL-LIABILITIES> 2,090,837
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 480,519,142
<SHARES-COMMON-STOCK> 480,519,142
<SHARES-COMMON-PRIOR> 358,765,971
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 480,519,142
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10,939,551
<OTHER-INCOME> 0
<EXPENSES-NET> 1,339,639
<NET-INVESTMENT-INCOME> 9,599,912
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 9,599,912
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 9,599,912
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,235,436,710
<NUMBER-OF-SHARES-REDEEMED> 2,113,705,868
<SHARES-REINVESTED> 22,329
<NET-CHANGE-IN-ASSETS> 121,753,171
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 940,627
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,339,639
<AVERAGE-NET-ASSETS> 377,284,467
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.030
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.030
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 71
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Star Tax-Free Money Market Fund
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> May-31-1995
<INVESTMENTS-AT-COST> 153,005,438
<INVESTMENTS-AT-VALUE> 153,005,438
<RECEIVABLES> 1,174,715
<ASSETS-OTHER> 5,837
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 154,185,990
<PAYABLE-FOR-SECURITIES> 2,560,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 473,208
<TOTAL-LIABILITIES> 3,033,208
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 151,152,782
<SHARES-COMMON-STOCK> 151,152,782
<SHARES-COMMON-PRIOR> 135,426,653
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 151,152,782
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,961,278
<OTHER-INCOME> 0
<EXPENSES-NET> 482,202
<NET-INVESTMENT-INCOME> 2,479,076
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,479,076
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,479,076
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 243,855,078
<NUMBER-OF-SHARES-REDEEMED> 228,129,080
<SHARES-REINVESTED> 131
<NET-CHANGE-IN-ASSETS> 15,726,129
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 405,095
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 592,682
<AVERAGE-NET-ASSETS> 147,712,109
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.020
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> Star Relative Value Fund
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> May-31-1995
<INVESTMENTS-AT-COST> 81,951,815
<INVESTMENTS-AT-VALUE> 101,399,625
<RECEIVABLES> 383,812
<ASSETS-OTHER> 3,322
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 101,786,759
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,313
<TOTAL-LIABILITIES> 3,313
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 83,055,014
<SHARES-COMMON-STOCK> 7,584,559
<SHARES-COMMON-PRIOR> 6,520,168
<ACCUMULATED-NII-CURRENT> 283,919
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,003,297)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 19,447,810
<NET-ASSETS> 101,783,446
<DIVIDEND-INCOME> 1,232,031
<INTEREST-INCOME> 288,266
<OTHER-INCOME> 0
<EXPENSES-NET> 461,466
<NET-INVESTMENT-INCOME> 1,058,831
<REALIZED-GAINS-CURRENT> (272,136)
<APPREC-INCREASE-CURRENT> 15,173,832
<NET-CHANGE-FROM-OPS> 15,960,527
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 981,953
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,577,443
<NUMBER-OF-SHARES-REDEEMED> 531,831
<SHARES-REINVESTED> 18,718
<NET-CHANGE-IN-ASSETS> 27,689,550
<ACCUMULATED-NII-PRIOR> 207,041
<ACCUMULATED-GAINS-PRIOR> (731,161)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 325,238
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 461,466
<AVERAGE-NET-ASSETS> 87,127,337
<PER-SHARE-NAV-BEGIN> 11.360
<PER-SHARE-NII> 0.150
<PER-SHARE-GAIN-APPREC> 2.050
<PER-SHARE-DIVIDEND> 0.140
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.420
<EXPENSE-RATIO> 104
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> Stellar Fund
Trust Shares
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> May-31-1995
<INVESTMENTS-AT-COST> 109,520,485
<INVESTMENTS-AT-VALUE> 116,306,816
<RECEIVABLES> 1,673,098
<ASSETS-OTHER> 1,409
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 117,981,323
<PAYABLE-FOR-SECURITIES> 2,738,996
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 172,392
<TOTAL-LIABILITIES> 2,911,388
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 108,197,559
<SHARES-COMMON-STOCK> 5,537,632
<SHARES-COMMON-PRIOR> 5,580,682
<ACCUMULATED-NII-CURRENT> 344,602
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (197,223)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,724,997
<NET-ASSETS> 64,605,216
<DIVIDEND-INCOME> 1,220,838
<INTEREST-INCOME> 1,482,804
<OTHER-INCOME> 0
<EXPENSES-NET> 851,449
<NET-INVESTMENT-INCOME> 1,852,193
<REALIZED-GAINS-CURRENT> (281,703)
<APPREC-INCREASE-CURRENT> 8,493,579
<NET-CHANGE-FROM-OPS> 10,064,069
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,064,023
<DISTRIBUTIONS-OF-GAINS> 127,314
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 760,365
<NUMBER-OF-SHARES-REDEEMED> 897,513
<SHARES-REINVESTED> 94,099
<NET-CHANGE-IN-ASSETS> 3,599,945
<ACCUMULATED-NII-PRIOR> 334,916
<ACCUMULATED-GAINS-PRIOR> 633,162
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 530,927
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 851,449
<AVERAGE-NET-ASSETS> 112,381,409
<PER-SHARE-NAV-BEGIN> 10.900
<PER-SHARE-NII> 0.190
<PER-SHARE-GAIN-APPREC> 0.820
<PER-SHARE-DIVIDEND> 0.190
<PER-SHARE-DISTRIBUTIONS> 0.050
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.670
<EXPENSE-RATIO> 141
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> Stellar Fund
Investment Shares
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> May-31-1995
<INVESTMENTS-AT-COST> 109,520,485
<INVESTMENTS-AT-VALUE> 116,306,816
<RECEIVABLES> 1,673,098
<ASSETS-OTHER> 1,409
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 117,981,323
<PAYABLE-FOR-SECURITIES> 2,738,996
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 172,392
<TOTAL-LIABILITIES> 2,911,388
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 108,197,559
<SHARES-COMMON-STOCK> 4,322,859
<SHARES-COMMON-PRIOR> 4,647,571
<ACCUMULATED-NII-CURRENT> 344,602
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (197,223)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,724,997
<NET-ASSETS> 50,464,719
<DIVIDEND-INCOME> 1,220,838
<INTEREST-INCOME> 1,482,804
<OTHER-INCOME> 0
<EXPENSES-NET> 851,449
<NET-INVESTMENT-INCOME> 1,852,193
<REALIZED-GAINS-CURRENT> (281,703)
<APPREC-INCREASE-CURRENT> 8,493,579
<NET-CHANGE-FROM-OPS> 10,064,069
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 778,484
<DISTRIBUTIONS-OF-GAINS> 421,368
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 181,981
<NUMBER-OF-SHARES-REDEEMED> 597,641
<SHARES-REINVESTED> 90,948
<NET-CHANGE-IN-ASSETS> 3,599,945
<ACCUMULATED-NII-PRIOR> 334,916
<ACCUMULATED-GAINS-PRIOR> 633,162
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 530,927
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 851,449
<AVERAGE-NET-ASSETS> 112,381,409
<PER-SHARE-NAV-BEGIN> 10.900
<PER-SHARE-NII> 0.180
<PER-SHARE-GAIN-APPREC> 0.810
<PER-SHARE-DIVIDEND> 0.170
<PER-SHARE-DISTRIBUTIONS> 0.050
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.670
<EXPENSE-RATIO> 166
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> Star U.S. Government Income Fund
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> May-31-1995
<INVESTMENTS-AT-COST> 93,449,652
<INVESTMENTS-AT-VALUE> 95,405,363
<RECEIVABLES> 1,252,086
<ASSETS-OTHER> 18,651
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 96,676,100
<PAYABLE-FOR-SECURITIES> 1,076,870
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 224,863
<TOTAL-LIABILITIES> 1,301,733
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 95,944,378
<SHARES-COMMON-STOCK> 9,735,920
<SHARES-COMMON-PRIOR> 9,514,891
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,448,339)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,878,328
<NET-ASSETS> 95,374,367
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,305,749
<OTHER-INCOME> 0
<EXPENSES-NET> 415,187
<NET-INVESTMENT-INCOME> 2,890,562
<REALIZED-GAINS-CURRENT> (840,393)
<APPREC-INCREASE-CURRENT> 6,144,973
<NET-CHANGE-FROM-OPS> 8,195,142
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,890,562
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,602,148
<NUMBER-OF-SHARES-REDEEMED> 1,530,864
<SHARES-REINVESTED> 149,745
<NET-CHANGE-IN-ASSETS> 7,450,235
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,607,946)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 269,522
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 415,187
<AVERAGE-NET-ASSETS> 90,170,291
<PER-SHARE-NAV-BEGIN> 9.240
<PER-SHARE-NII> 0.300
<PER-SHARE-GAIN-APPREC> 0.560
<PER-SHARE-DIVIDEND> 0.300
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.800
<EXPENSE-RATIO> 92
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> Star Capital Appreciation Fund
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> May-31-1995
<INVESTMENTS-AT-COST> 38,648,660
<INVESTMENTS-AT-VALUE> 41,061,700
<RECEIVABLES> 182,385
<ASSETS-OTHER> 9,775
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 41,253,860
<PAYABLE-FOR-SECURITIES> 638,450
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 24,876
<TOTAL-LIABILITIES> 663,326
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 36,943,521
<SHARES-COMMON-STOCK> 3,636,701
<SHARES-COMMON-PRIOR> 2,957,414
<ACCUMULATED-NII-CURRENT> 6,143
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,227,830
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,413,040
<NET-ASSETS> 40,590,534
<DIVIDEND-INCOME> 169,565
<INTEREST-INCOME> 184,915
<OTHER-INCOME> 0
<EXPENSES-NET> 262,419
<NET-INVESTMENT-INCOME> 92,061
<REALIZED-GAINS-CURRENT> 1,230,621
<APPREC-INCREASE-CURRENT> 2,321,498
<NET-CHANGE-FROM-OPS> 3,644,180
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 93,900
<DISTRIBUTIONS-OF-GAINS> 114,138
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 904,673
<NUMBER-OF-SHARES-REDEEMED> 235,186
<SHARES-REINVESTED> 9,801
<NET-CHANGE-IN-ASSETS> 10,577,586
<ACCUMULATED-NII-PRIOR> 7,982
<ACCUMULATED-GAINS-PRIOR> 111,347
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 166,599
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 267,388
<AVERAGE-NET-ASSETS> 35,284,932
<PER-SHARE-NAV-BEGIN> 10.150
<PER-SHARE-NII> 0.030
<PER-SHARE-GAIN-APPREC> 1.050
<PER-SHARE-DIVIDEND> 0.030
<PER-SHARE-DISTRIBUTIONS> 0.040
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.160
<EXPENSE-RATIO> 150
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> Star Strategic Income Fund
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> May-31-1995
<INVESTMENTS-AT-COST> 26,839,748
<INVESTMENTS-AT-VALUE> 27,442,174
<RECEIVABLES> 1,875,077
<ASSETS-OTHER> 896
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,318,147
<PAYABLE-FOR-SECURITIES> 3,287,380
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 28,163
<TOTAL-LIABILITIES> 3,315,543
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 25,238,236
<SHARES-COMMON-STOCK> 2,479,317
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 105,991
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 59,499
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 598,878
<NET-ASSETS> 26,002,604
<DIVIDEND-INCOME> 251,097
<INTEREST-INCOME> 459,813
<OTHER-INCOME> 0
<EXPENSES-NET> 104,961
<NET-INVESTMENT-INCOME> 605,949
<REALIZED-GAINS-CURRENT> 116,749
<APPREC-INCREASE-CURRENT> 598,878
<NET-CHANGE-FROM-OPS> 1,321,576
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 499,958
<DISTRIBUTIONS-OF-GAINS> 57,250
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,582,779
<NUMBER-OF-SHARES-REDEEMED> 119,200
<SHARES-REINVESTED> 15,738
<NET-CHANGE-IN-ASSETS> 26,002,604
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 72,758
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 124,597
<AVERAGE-NET-ASSETS> 16,656,843
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> 0.330
<PER-SHARE-GAIN-APPREC> 0.480
<PER-SHARE-DIVIDEND> 0.290
<PER-SHARE-DISTRIBUTIONS> 0.030
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.490
<EXPENSE-RATIO> 137
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> Star Growth Equity Fund
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> May-31-1995
<INVESTMENTS-AT-COST> 35,275,991
<INVESTMENTS-AT-VALUE> 38,236,346
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<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 38,801,628
<DIVIDEND-INCOME> 328,208
<INTEREST-INCOME> 130,065
<OTHER-INCOME> 0
<EXPENSES-NET> 150,801
<NET-INVESTMENT-INCOME> 307,472
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<APPREC-INCREASE-CURRENT> 2,851,579
<NET-CHANGE-FROM-OPS> 3,801,349
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<PER-SHARE-NAV-BEGIN> 10.000
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> Star Prime Obligations Fund
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> May-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
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<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 86,343,422
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (74,126)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,154,415
<OTHER-INCOME> 0
<EXPENSES-NET> 315,013
<NET-INVESTMENT-INCOME> 1,839,402
<REALIZED-GAINS-CURRENT> (74,126)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,765,276
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<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,765,276
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 201,957
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 315,013
<AVERAGE-NET-ASSETS> 90,545,933
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.020
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</TABLE>
