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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<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. ELLIOTT COHAN
TITLE ASST. GEN. COUNSEL
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> Star Funds
Star Treasury Fund
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Nov-30-1996
<PERIOD-END> May-31-1996
<INVESTMENTS-AT-COST> 769,721,633
<INVESTMENTS-AT-VALUE> 769,721,633
<RECEIVABLES> 1,660,538
<ASSETS-OTHER> 466
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<TOTAL-ASSETS> 771,382,637
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<OTHER-ITEMS-LIABILITIES> 2,661,820
<TOTAL-LIABILITIES> 2,661,820
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 768,720,817
<SHARES-COMMON-STOCK> 768,720,817
<SHARES-COMMON-PRIOR> 654,885,993
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 768,720,817
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 17,565,096
<OTHER-INCOME> 0
<EXPENSES-NET> 2,261,830
<NET-INVESTMENT-INCOME> 15,303,266
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<NET-CHANGE-FROM-OPS> 15,303,266
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 15,303,266
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,733,647,198
<NUMBER-OF-SHARES-REDEEMED> 2,619,924,282
<SHARES-REINVESTED> 34,970
<NET-CHANGE-IN-ASSETS> 113,757,886
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,616,143
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,261,830
<AVERAGE-NET-ASSETS> 646,457,288
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.020
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<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.70
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<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> Star Funds
Star Tax-Free Money Market Fund
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Nov-30-1996
<PERIOD-END> May-31-1996
<INVESTMENTS-AT-COST> 174,837,174
<INVESTMENTS-AT-VALUE> 174,837,174
<RECEIVABLES> 1,360,329
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 176,197,503
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 545,493
<TOTAL-LIABILITIES> 545,493
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 175,652,010
<SHARES-COMMON-STOCK> 175,652,010
<SHARES-COMMON-PRIOR> 167,356,172
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 175,652,010
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,355,903
<OTHER-INCOME> 0
<EXPENSES-NET> 624,152
<NET-INVESTMENT-INCOME> 2,731,751
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,731,751
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,731,751
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 296,456,709
<NUMBER-OF-SHARES-REDEEMED> 288,161,230
<SHARES-REINVESTED> 359
<NET-CHANGE-IN-ASSETS> 8,295,838
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 507,559
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 738,829
<AVERAGE-NET-ASSETS> 184,567,080
<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> 0.68
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<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> Star Fund
Star Relative Value Fund
<PERIOD-TYPE> 6-Mos
<FISCAL-YEAR-END> Nov-30-1996
<PERIOD-END> May-31-1996
<INVESTMENTS-AT-COST> 126,549,873
<INVESTMENTS-AT-VALUE> 167,227,313
<RECEIVABLES> 593,303
<ASSETS-OTHER> 175
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 167,820,791
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 44,727
<TOTAL-LIABILITIES> 44,727
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 123,208,293
<SHARES-COMMON-STOCK> 10,269,996
<SHARES-COMMON-PRIOR> 8,787,015
<ACCUMULATED-NII-CURRENT> 535,017
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,355,314
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 40,677,440
<NET-ASSETS> 167,776,064
<DIVIDEND-INCOME> 2,000,790
<INTEREST-INCOME> 123,412
<OTHER-INCOME> 0
<EXPENSES-NET> 774,950
<NET-INVESTMENT-INCOME> 1,349,252
<REALIZED-GAINS-CURRENT> 3,355,262
<APPREC-INCREASE-CURRENT> 9,172,132
<NET-CHANGE-FROM-OPS> 13,876,646
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,149,094
<DISTRIBUTIONS-OF-GAINS> 82,169
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,945,005
<NUMBER-OF-SHARES-REDEEMED> 488,043
<SHARES-REINVESTED> 26,019
<NET-CHANGE-IN-ASSETS> 35,796,916
<ACCUMULATED-NII-PRIOR> 334,859
<ACCUMULATED-GAINS-PRIOR> 82,221
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 564,925
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 774,950
<AVERAGE-NET-ASSETS> 150,541,271
<PER-SHARE-NAV-BEGIN> 15.020
<PER-SHARE-NII> 0.130
<PER-SHARE-GAIN-APPREC> 1.320
<PER-SHARE-DIVIDEND> 0.120
<PER-SHARE-DISTRIBUTIONS> 0.010
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 16.340
<EXPENSE-RATIO> 1.03
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 051
<NAME> Star Funds
The Stellar Fund
Trust Shares
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Nov-30-1996
<PERIOD-END> May-31-1996
<INVESTMENTS-AT-COST> 100,768,467
<INVESTMENTS-AT-VALUE> 113,387,716
<RECEIVABLES> 569,145
<ASSETS-OTHER> 536
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 113,957,397
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 123,149
<TOTAL-LIABILITIES> 123,149
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 98,841,135
<SHARES-COMMON-STOCK> 5,238,981
<SHARES-COMMON-PRIOR> 5,320,673
<ACCUMULATED-NII-CURRENT> 209,766
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,141,362
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12,641,985
<NET-ASSETS> 65,605,396
<DIVIDEND-INCOME> 1,171,826
<INTEREST-INCOME> 1,329,669
<OTHER-INCOME> 0
<EXPENSES-NET> 857,201
<NET-INVESTMENT-INCOME> 1,644,294
<REALIZED-GAINS-CURRENT> 2,116,616
<APPREC-INCREASE-CURRENT> 3,071,859
<NET-CHANGE-FROM-OPS> 6,832,769
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,003,917
<DISTRIBUTIONS-OF-GAINS> 1,066,240
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 645,764
<NUMBER-OF-SHARES-REDEEMED> 857,648
<SHARES-REINVESTED> 130,192
<NET-CHANGE-IN-ASSETS> 178,029
<ACCUMULATED-NII-PRIOR> 260,856
<ACCUMULATED-GAINS-PRIOR> 1,885,796
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 541,197
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 857,201
<AVERAGE-NET-ASSETS> 114,224,545
<PER-SHARE-NAV-BEGIN> 12.170
<PER-SHARE-NII> 0.180
<PER-SHARE-GAIN-APPREC> 0.560
<PER-SHARE-DIVIDEND> 0.190
<PER-SHARE-DISTRIBUTIONS> 0.200
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.520
<EXPENSE-RATIO> 1.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 052
<NAME> Star Funds
The Stellar Fund
Investment Shares
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Nov-30-1996
<PERIOD-END> May-31-1996
<INVESTMENTS-AT-COST> 100,768,467
<INVESTMENTS-AT-VALUE> 113,387,716
<RECEIVABLES> 569,145
<ASSETS-OTHER> 536
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 113,957,397
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 123,149
<TOTAL-LIABILITIES> 123,149
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 98,841,135
<SHARES-COMMON-STOCK> 3,851,115
<SHARES-COMMON-PRIOR> 4,018,517
<ACCUMULATED-NII-CURRENT> 209,766
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,141,362
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12,641,985
<NET-ASSETS> 48,228,852
<DIVIDEND-INCOME> 1,171,826
<INTEREST-INCOME> 1,329,669
<OTHER-INCOME> 0
<EXPENSES-NET> 857,201
<NET-INVESTMENT-INCOME> 1,644,294
<REALIZED-GAINS-CURRENT> 2,116,616
<APPREC-INCREASE-CURRENT> 3,071,859
<NET-CHANGE-FROM-OPS> 6,832,769
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 685,971
<DISTRIBUTIONS-OF-GAINS> 800,305
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 181,990
<NUMBER-OF-SHARES-REDEEMED> 469,628
<SHARES-REINVESTED> 120,236
<NET-CHANGE-IN-ASSETS> 178,029
<ACCUMULATED-NII-PRIOR> 260,856
<ACCUMULATED-GAINS-PRIOR> 1,885,796
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 541,197
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 857,201
<AVERAGE-NET-ASSETS> 114,224,545
<PER-SHARE-NAV-BEGIN> 12.170
<PER-SHARE-NII> 0.170
<PER-SHARE-GAIN-APPREC> 0.550
<PER-SHARE-DIVIDEND> 0.170
<PER-SHARE-DISTRIBUTIONS> 0.200
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.520
<EXPENSE-RATIO> 1.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 06
<NAME> Star Funds
Star U.S. Government Income Fund
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Nov-30-1996
<PERIOD-END> May-31-1996
<INVESTMENTS-AT-COST> 111,977,829
<INVESTMENTS-AT-VALUE> 109,678,608
<RECEIVABLES> 1,482,286
<ASSETS-OTHER> 12,189
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 111,173,083
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 172,139
<TOTAL-LIABILITIES> 172,139
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 115,767,736
<SHARES-COMMON-STOCK> 11,751,038
<SHARES-COMMON-PRIOR> 10,986,487
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,467,571)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,299,221)
<NET-ASSETS> 111,000,944
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,815,068
<OTHER-INCOME> 0
<EXPENSES-NET> 510,069
<NET-INVESTMENT-INCOME> 3,304,999
<REALIZED-GAINS-CURRENT> (908,508)
<APPREC-INCREASE-CURRENT> (5,404,433)
<NET-CHANGE-FROM-OPS> (3,007,942)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,304,999
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,268,658
<NUMBER-OF-SHARES-REDEEMED> 1,666,223
<SHARES-REINVESTED> 162,116
<NET-CHANGE-IN-ASSETS> 1,334,499
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,559,063)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 335,974
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 510,069
<AVERAGE-NET-ASSETS> 111,943,061
<PER-SHARE-NAV-BEGIN> 9.980
<PER-SHARE-NII> 0.290
<PER-SHARE-GAIN-APPREC> (0.530)
<PER-SHARE-DIVIDEND> 0.290
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.450
<EXPENSE-RATIO> 0.91
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 07
<NAME> Star Funds
Star Capital Appreciation Fund
<PERIOD-TYPE> 6-Mos
<FISCAL-YEAR-END> Nov-30-1996
<PERIOD-END> May-31-1996
<INVESTMENTS-AT-COST> 71,377,803
<INVESTMENTS-AT-VALUE> 80,788,700
<RECEIVABLES> 737,113
<ASSETS-OTHER> 6,129
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 81,531,942
<PAYABLE-FOR-SECURITIES> 569,438
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 80,832
<TOTAL-LIABILITIES> 650,270
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 69,268,982
<SHARES-COMMON-STOCK> 6,356,491
<SHARES-COMMON-PRIOR> 4,773,324
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (94,499)
<ACCUMULATED-NET-GAINS> 2,296,292
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,410,897
<NET-ASSETS> 80,881,672
<DIVIDEND-INCOME> 254,440
<INTEREST-INCOME> 110,402
<OTHER-INCOME> 0
<EXPENSES-NET> 438,841
<NET-INVESTMENT-INCOME> (73,999)
<REALIZED-GAINS-CURRENT> 2,303,725
<APPREC-INCREASE-CURRENT> 4,810,601
<NET-CHANGE-FROM-OPS> 7,040,327
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 1,408,024
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,893,130
<NUMBER-OF-SHARES-REDEEMED> 364,370
<SHARES-REINVESTED> 54,406
<NET-CHANGE-IN-ASSETS> 24,425,923
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,400,590
<OVERDISTRIB-NII-PRIOR> (20,499)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 304,304
<INTEREST-EXPENSE> 110,402
<GROSS-EXPENSE> 438,841
<AVERAGE-NET-ASSETS> 65,269,942
<PER-SHARE-NAV-BEGIN> 11.820
<PER-SHARE-NII> (0.010)
<PER-SHARE-GAIN-APPREC> 1.200
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.290
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.720
<EXPENSE-RATIO> 1.37
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 08
<NAME> Star Funds
Star Strategic Income Fund
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Nov-30-1996
<PERIOD-END> May-31-1996
<INVESTMENTS-AT-COST> 69,507,633
<INVESTMENTS-AT-VALUE> 68,567,852
<RECEIVABLES> 3,247,328
<ASSETS-OTHER> 21,601
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 71,836,781
<PAYABLE-FOR-SECURITIES> 3,289,726
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 127,412
<TOTAL-LIABILITIES> 3,417,138
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 70,056,713
<SHARES-COMMON-STOCK> 6,748,256
<SHARES-COMMON-PRIOR> 4,513,598
<ACCUMULATED-NII-CURRENT> 20,489
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (728,603)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (928,956)
<NET-ASSETS> 68,419,643
<DIVIDEND-INCOME> 994,072
<INTEREST-INCOME> 1,471,591
<OTHER-INCOME> 0
<EXPENSES-NET> 432,307
<NET-INVESTMENT-INCOME> 2,033,356
<REALIZED-GAINS-CURRENT> (720,577)
<APPREC-INCREASE-CURRENT> (1,733,791)
<NET-CHANGE-FROM-OPS> (421,012)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,097,976
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,889,784
<NUMBER-OF-SHARES-REDEEMED> 735,845
<SHARES-REINVESTED> 80,719
<NET-CHANGE-IN-ASSETS> 20,906,982
<ACCUMULATED-NII-PRIOR> 85,109
<ACCUMULATED-GAINS-PRIOR> (8,026)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 281,769
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 432,307
<AVERAGE-NET-ASSETS> 59,238,198
<PER-SHARE-NAV-BEGIN> 10.530
<PER-SHARE-NII> 0.370
<PER-SHARE-GAIN-APPREC> (0.390)
<PER-SHARE-DIVIDEND> 0.370
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.140
<EXPENSE-RATIO> 1.46
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 09
<NAME> Star Funds
Star Growth Equity Fund
<PERIOD-TYPE> 6-Mos
<FISCAL-YEAR-END> Nov-30-1996
<PERIOD-END> May-31-1996
<INVESTMENTS-AT-COST> 51,165,007
<INVESTMENTS-AT-VALUE> 59,368,127
<RECEIVABLES> 652,434
<ASSETS-OTHER> 20,887
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</TABLE>
