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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 7
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<PAGE> PAGE 8
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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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035 000500 0
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<PAGE> PAGE 21
042 E000500 0
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<PAGE> PAGE 22
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070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 N
070 M020500 N
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070 N020500 N
070 O010500 Y
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<PAGE> PAGE 23
070 R010500 N
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<PAGE> PAGE 24
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015 A000601 STAR BANK, N.A.
015 B000601 C
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<PAGE> PAGE 25
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<PAGE> PAGE 26
048 B020600 0.000
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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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015 A000701 STAR BANK, N.A.
015 B000701 C
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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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015 A000801 STAR BANK, N.A.
015 B000801 C
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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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015 A000901 STAR BANK, N.A.
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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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066 E000900 N
066 F000900 N
066 G000900 N
067 000900 N
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 Y
070 C010900 Y
070 C020900 N
070 D010900 Y
070 D020900 Y
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 N
070 L010900 Y
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
<PAGE> PAGE 42
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
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071 B000900 56186
071 C000900 32789
071 D000900 171
072 A000900 12
072 B000900 251
072 C000900 849
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<PAGE> PAGE 43
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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> 12-mos
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> Nov-30-1995
<INVESTMENTS-AT-COST> 660,237,239
<INVESTMENTS-AT-VALUE> 660,237,239
<RECEIVABLES> 2,230,173
<ASSETS-OTHER> 2,115
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 662,469,527
<PAYABLE-FOR-SECURITIES> 4,888,437
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,695,097
<TOTAL-LIABILITIES> 7,583,534
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 654,885,993
<SHARES-COMMON-STOCK> 654,885,993
<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> 654,885,993
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 26,835,520
<OTHER-INCOME> 0
<EXPENSES-NET> 3,279,541
<NET-INVESTMENT-INCOME> 23,555,979
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 23,555,979
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 23,555,979
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,733,626,896
<NUMBER-OF-SHARES-REDEEMED> 4,523,804,720
<SHARES-REINVESTED> 102,122
<NET-CHANGE-IN-ASSETS> 296,120,022
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,293,566
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,279,541
<AVERAGE-NET-ASSETS> 458,713,177
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.050
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.71
<AVG-DEBT-OUTSTANDING> 0
<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> 12-mos
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> Nov-30-1995
<INVESTMENTS-AT-COST> 172,082,329
<INVESTMENTS-AT-VALUE> 172,082,329
<RECEIVABLES> 2,902,326
<ASSETS-OTHER> 1,958
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 174,986,613
<PAYABLE-FOR-SECURITIES> 7,122,958
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 507,483
<TOTAL-LIABILITIES> 7,630,441
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 167,356,172
<SHARES-COMMON-STOCK> 167,356,172
<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> 167,356,172
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,155,272
<OTHER-INCOME> 0
<EXPENSES-NET> 1,033,856
<NET-INVESTMENT-INCOME> 5,121,416
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 5,121,416
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,121,416
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 512,575,789
<NUMBER-OF-SHARES-REDEEMED> 480,647,041
<SHARES-REINVESTED> 771
<NET-CHANGE-IN-ASSETS> 31,929,519
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 862,867
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,269,183
<AVERAGE-NET-ASSETS> 156,884,887
<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> 0.66
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> Star Funds
Star Relative Value Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> Nov-30-1995
<INVESTMENTS-AT-COST> 99,910,518
<INVESTMENTS-AT-VALUE> 131,415,825
<RECEIVABLES> 596,448
<ASSETS-OTHER> 1,503
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 132,013,776
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 34,627
<TOTAL-LIABILITIES> 34,627
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 100,056,760
<SHARES-COMMON-STOCK> 8,787,015
<SHARES-COMMON-PRIOR> 6,520,168
<ACCUMULATED-NII-CURRENT> 334,860
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 82,222
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 31,505,307
<NET-ASSETS> 131,979,149
<DIVIDEND-INCOME> 2,773,444
<INTEREST-INCOME> 519,153
<OTHER-INCOME> 0
<EXPENSES-NET> 1,082,577
<NET-INVESTMENT-INCOME> 2,210,020
<REALIZED-GAINS-CURRENT> 813,383
<APPREC-INCREASE-CURRENT> 27,231,329
<NET-CHANGE-FROM-OPS> 30,254,732
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,082,202
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,270,703
<NUMBER-OF-SHARES-REDEEMED> 1,044,452
<SHARES-REINVESTED> 40,596
<NET-CHANGE-IN-ASSETS> 57,885,252
<ACCUMULATED-NII-PRIOR> 207,041
<ACCUMULATED-GAINS-PRIOR> (731,359)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 757,591
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,082,577
<AVERAGE-NET-ASSETS> 101,193,989
<PER-SHARE-NAV-BEGIN> 11.360
<PER-SHARE-NII> 0.290
<PER-SHARE-GAIN-APPREC> 3.650
<PER-SHARE-DIVIDEND> 0.280
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 15.020
<EXPENSE-RATIO> 1.06
<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> 12-mos
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> Nov-30-1995
<INVESTMENTS-AT-COST> 104,438,580
<INVESTMENTS-AT-VALUE> 114,008,885
<RECEIVABLES> 1,256,433
<ASSETS-OTHER> 1,872
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 115,267,190
<PAYABLE-FOR-SECURITIES> 1,437,386
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 173,585
<TOTAL-LIABILITIES> 173,585
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 101,939,262
<SHARES-COMMON-STOCK> 5,320,673
<SHARES-COMMON-PRIOR> 5,580,682
<ACCUMULATED-NII-CURRENT> 260,856
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,885,796
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,570,305
<NET-ASSETS> 113,656,219
<DIVIDEND-INCOME> 2,321,491
<INTEREST-INCOME> 2,964,732
<OTHER-INCOME> 0
<EXPENSES-NET> 1,722,345
<NET-INVESTMENT-INCOME> 3,563,878
<REALIZED-GAINS-CURRENT> 1,796,991
<APPREC-INCREASE-CURRENT> 11,343,212
<NET-CHANGE-FROM-OPS> 16,704,081
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,114,360
<DISTRIBUTIONS-OF-GAINS> 127,314
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,362,547
<NUMBER-OF-SHARES-REDEEMED> 1,783,611
<SHARES-REINVESTED> 161,056
<NET-CHANGE-IN-ASSETS> 2,186,229
<ACCUMULATED-NII-PRIOR> 334,916
<ACCUMULATED-GAINS-PRIOR> 633,162
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,082,338
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,722,345
<AVERAGE-NET-ASSETS> 113,772,761
<PER-SHARE-NAV-BEGIN> 10.900
<PER-SHARE-NII> 0.380
<PER-SHARE-GAIN-APPREC> 1.320
<PER-SHARE-DIVIDEND> 0.380
<PER-SHARE-DISTRIBUTIONS> 0.050
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.170
<EXPENSE-RATIO> 1.42
<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> 12-mos
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> Nov-30-1995
<INVESTMENTS-AT-COST> 104,438,580
<INVESTMENTS-AT-VALUE> 114,008,885
<RECEIVABLES> 1,256,433
<ASSETS-OTHER> 1,872
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 115,267,190
<PAYABLE-FOR-SECURITIES> 1,437,386
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 173,585
<TOTAL-LIABILITIES> 173,585
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 101,939,262
<SHARES-COMMON-STOCK> 4,018,517
<SHARES-COMMON-PRIOR> 4,647,571
<ACCUMULATED-NII-CURRENT> 260,856
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,885,796
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 9,570,305
<NET-ASSETS> 113,656,219
<DIVIDEND-INCOME> 2,321,491
<INTEREST-INCOME> 2,964,732
<OTHER-INCOME> 0
<EXPENSES-NET> 1,722,345
<NET-INVESTMENT-INCOME> 3,563,878
<REALIZED-GAINS-CURRENT> 1,796,991
<APPREC-INCREASE-CURRENT> 11,343,212
<NET-CHANGE-FROM-OPS> 16,704,081
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,523,578
<DISTRIBUTIONS-OF-GAINS> 421,368
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 316,665
<NUMBER-OF-SHARES-REDEEMED> 1,097,558
<SHARES-REINVESTED> 151,838
<NET-CHANGE-IN-ASSETS> 2,186,229
<ACCUMULATED-NII-PRIOR> 334,916
<ACCUMULATED-GAINS-PRIOR> 633,162
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,082,338
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,722,345
<AVERAGE-NET-ASSETS> 113,772,761
<PER-SHARE-NAV-BEGIN> 10.900
<PER-SHARE-NII> 0.340
<PER-SHARE-GAIN-APPREC> 1.330
<PER-SHARE-DIVIDEND> 0.350
<PER-SHARE-DISTRIBUTIONS> 0.050
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.170
<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> 12-mos
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> Nov-30-1995
<INVESTMENTS-AT-COST> 107,623,434
<INVESTMENTS-AT-VALUE> 110,728,646
<RECEIVABLES> 1,611,108
<ASSETS-OTHER> 16,288
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 112,356,042
<PAYABLE-FOR-SECURITIES> 2,199,343
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 490,254
<TOTAL-LIABILITIES> 2,689,597
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 108,120,296
<SHARES-COMMON-STOCK> 10,986,487
<SHARES-COMMON-PRIOR> 9,514,891
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,559,063)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,105,212
<NET-ASSETS> 109,666,445
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,079,778
<OTHER-INCOME> 0
<EXPENSES-NET> 909,350
<NET-INVESTMENT-INCOME> 6,170,428
<REALIZED-GAINS-CURRENT> 48,883
<APPREC-INCREASE-CURRENT> 7,371,857
<NET-CHANGE-FROM-OPS> 13,591,168
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,170,428
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,813,482
<NUMBER-OF-SHARES-REDEEMED> 3,651,974
<SHARES-REINVESTED> 310,088
<NET-CHANGE-IN-ASSETS> 21,742,313
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,607,946)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 594,238
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 909,350
<AVERAGE-NET-ASSETS> 99,080,253
<PER-SHARE-NAV-BEGIN> 9.240
<PER-SHARE-NII> 0.550
<PER-SHARE-GAIN-APPREC> 0.740
<PER-SHARE-DIVIDEND> 0.550
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.980
<EXPENSE-RATIO> 0.92
<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> 12-mos
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> Nov-30-1995
<INVESTMENTS-AT-COST> 50,161,437
<INVESTMENTS-AT-VALUE> 54,754,218
<RECEIVABLES> 2,588,505
<ASSETS-OTHER> 8,558
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 57,351,281
<PAYABLE-FOR-SECURITIES> 838,876
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 82,761
<TOTAL-LIABILITIES> 921,637
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 50,449,257
<SHARES-COMMON-STOCK> 4,773,324
<SHARES-COMMON-PRIOR> 2,957,414
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 20,499
<ACCUMULATED-NET-GAINS> 1,400,591
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,600,295
<NET-ASSETS> 56,429,644
<DIVIDEND-INCOME> 409,267
<INTEREST-INCOME> 343,638
<OTHER-INCOME> 0
<EXPENSES-NET> 633,777
<NET-INVESTMENT-INCOME> 119,128
<REALIZED-GAINS-CURRENT> 1,403,382
<APPREC-INCREASE-CURRENT> 4,508,753
<NET-CHANGE-FROM-OPS> 6,031,263
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 127,110
<DISTRIBUTIONS-OF-GAINS> 114,139
<DISTRIBUTIONS-OTHER> 20,499
<NUMBER-OF-SHARES-SOLD> 2,294,518
<NUMBER-OF-SHARES-REDEEMED> 490,433
<SHARES-REINVESTED> 11,826
<NET-CHANGE-IN-ASSETS> 26,416,696
<ACCUMULATED-NII-PRIOR> 7,982
<ACCUMULATED-GAINS-PRIOR> 111,347
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 408,302
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 639,019
<AVERAGE-NET-ASSETS> 43,079,910
<PER-SHARE-NAV-BEGIN> 10.150
<PER-SHARE-NII> 0.030
<PER-SHARE-GAIN-APPREC> 1.720
<PER-SHARE-DIVIDEND> 0.040
<PER-SHARE-DISTRIBUTIONS> 0.040
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 11.820
<EXPENSE-RATIO> 1.47
<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> 12-mos
<FISCAL-YEAR-END> Nov-30-1995
<PERIOD-END> Nov-30-1995
<INVESTMENTS-AT-COST> 45,120,663
<INVESTMENTS-AT-VALUE> 45,926,012
<RECEIVABLES> 2,249,784
<ASSETS-OTHER> 50,601
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 48,226,397
<PAYABLE-FOR-SECURITIES> 579,177
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 134,559
<TOTAL-LIABILITIES> 713,736
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 46,630,743
<SHARES-COMMON-STOCK> 4,513,598
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 85,109
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8,026)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 804,835
<NET-ASSETS> 47,512,661
<DIVIDEND-INCOME> 899,103
<INTEREST-INCOME> 1,429,327
<OTHER-INCOME> 0
<EXPENSES-NET> 386,424
<NET-INVESTMENT-INCOME> 1,942,006
<REALIZED-GAINS-CURRENT> 76,916
<APPREC-INCREASE-CURRENT> 804,835
<NET-CHANGE-FROM-OPS> 2,823,757
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,856,897
<DISTRIBUTIONS-OF-GAINS> 76,916
<DISTRIBUTIONS-OTHER> 8,026
<NUMBER-OF-SHARES-SOLD> 4,687,046
<NUMBER-OF-SHARES-REDEEMED> 245,990
<SHARES-REINVESTED> 72,542
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<TABLE> <S> <C>
<S> <C>
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<NUMBER> 09
<NAME> Star Funds
Star Growth Equity Fund
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</TABLE>
