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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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063 A000900 0
063 B000900 0.0
066 A000900 Y
066 B000900 N
066 C000900 Y
066 D000900 N
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
<PAGE> PAGE 42
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 Y
070 L010900 Y
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 Y
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 N
070 R020900 N
071 A000900 80767
071 B000900 56153
071 C000900 58492
071 D000900 96
072 A000900 12
072 B000900 179
072 C000900 1341
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<PAGE> PAGE 43
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073 A010900 0.1600
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073 B000900 0.6600
073 C000900 0.0000
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074 C000900 1577
074 D000900 0
074 E000900 0
074 F000900 81605
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074 M000900 20
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074 O000900 413
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074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 386
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074 T000900 85311
074 U010900 5625
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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-30-1996
<PERIOD-END> Nov-30-1996
<INVESTMENTS-AT-COST> 828,757,299
<INVESTMENTS-AT-VALUE> 828,757,299
<RECEIVABLES> 3,681,285
<ASSETS-OTHER> 4,794
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 832,443,378
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,184,287
<TOTAL-LIABILITIES> 3,184,287
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 829,259,091
<SHARES-COMMON-STOCK> 829,259,091
<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> 829,259,091
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 38,628,782
<OTHER-INCOME> 0
<EXPENSES-NET> 5,021,148
<NET-INVESTMENT-INCOME> 33,607,634
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 33,607,634
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 33,607,634
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,139,876,502
<NUMBER-OF-SHARES-REDEEMED> 6,965,683,064
<SHARES-REINVESTED> 102,722
<NET-CHANGE-IN-ASSETS> 174,296,160
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,586,051
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,021,148
<AVERAGE-NET-ASSETS> 717,209,970
<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> 0.70
<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-30-1996
<PERIOD-END> Nov-30-1996
<INVESTMENTS-AT-COST> 152,674,155
<INVESTMENTS-AT-VALUE> 152,674,155
<RECEIVABLES> 999,607
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 153,673,762
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 418,055
<TOTAL-LIABILITIES> 418,055
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 153,255,707
<SHARES-COMMON-STOCK> 153,255,707
<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> 153,255,707
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,378,856
<OTHER-INCOME> 0
<EXPENSES-NET> 1,245,605
<NET-INVESTMENT-INCOME> 5,133,251
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 5,133,251
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,133,251
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 573,340,058
<NUMBER-OF-SHARES-REDEEMED> 587,441,413
<SHARES-REINVESTED> 890
<NET-CHANGE-IN-ASSETS> (14,100,465)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 984,158
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,446,937
<AVERAGE-NET-ASSETS> 178,937,819
<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> 0.70
<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-30-1996
<PERIOD-END> Nov-30-1996
<INVESTMENTS-AT-COST> 145,738,645
<INVESTMENTS-AT-VALUE> 215,417,370
<RECEIVABLES> 647,319
<ASSETS-OTHER> 596
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 216,065,285
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 222,042
<TOTAL-LIABILITIES> 222,042
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 141,231,363
<SHARES-COMMON-STOCK> 11,340,828
<SHARES-COMMON-PRIOR> 8,787,015
<ACCUMULATED-NII-CURRENT> 537,972
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,395,183
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 69,678,725
<NET-ASSETS> 215,843,243
<DIVIDEND-INCOME> 4,275,580
<INTEREST-INCOME> 301,662
<OTHER-INCOME> 0
<EXPENSES-NET> 1,727,434
<NET-INVESTMENT-INCOME> 2,849,808
<REALIZED-GAINS-CURRENT> 4,395,132
<APPREC-INCREASE-CURRENT> 38,173,415
<NET-CHANGE-FROM-OPS> 45,418,355
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,646,694
<DISTRIBUTIONS-OF-GAINS> 82,169
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,556,654
<NUMBER-OF-SHARES-REDEEMED> 1,062,532
<SHARES-REINVESTED> 201,504
<NET-CHANGE-IN-ASSETS> 83,864,095
<ACCUMULATED-NII-PRIOR> 334,860
<ACCUMULATED-GAINS-PRIOR> 82,222
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,249,213
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,727,434
<AVERAGE-NET-ASSETS> 166,940,251
<PER-SHARE-NAV-BEGIN> 15.020
<PER-SHARE-NII> 0.270
<PER-SHARE-GAIN-APPREC> 4.010
<PER-SHARE-DIVIDEND> 0.260
<PER-SHARE-DISTRIBUTIONS> 0.010
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 19.030
<EXPENSE-RATIO> 1.04
<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-30-1996
<PERIOD-END> Nov-30-1996
<INVESTMENTS-AT-COST> 97,033,311
<INVESTMENTS-AT-VALUE> 116,803,400
<RECEIVABLES> 1,266,072
<ASSETS-OTHER> 371
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 118,069,843
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 927,928
<TOTAL-LIABILITIES> 927,928
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 92,783,731
<SHARES-COMMON-STOCK> 3,686,471
<SHARES-COMMON-PRIOR> 4,018,517
<ACCUMULATED-NII-CURRENT> 217,736
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,370,358
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 19,770,090
<NET-ASSETS> 50,094,910
<DIVIDEND-INCOME> 2,217,323
<INTEREST-INCOME> 2,683,309
<OTHER-INCOME> 0
<EXPENSES-NET> 1,707,551
<NET-INVESTMENT-INCOME> 3,193,081
<REALIZED-GAINS-CURRENT> 4,345,528
<APPREC-INCREASE-CURRENT> 10,205,542
<NET-CHANGE-FROM-OPS> 17,744,151
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,310,474
<DISTRIBUTIONS-OF-GAINS> 800,304
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 288,055
<NUMBER-OF-SHARES-REDEEMED> 788,848
<SHARES-REINVESTED> 168,747
<NET-CHANGE-IN-ASSETS> 3,485,875
<ACCUMULATED-NII-PRIOR> 260,856
<ACCUMULATED-GAINS-PRIOR> 1,885,796
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,078,738
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,707,551
<AVERAGE-NET-ASSETS> 113,937,744
<PER-SHARE-NAV-BEGIN> 12.170
<PER-SHARE-NII> 0.340
<PER-SHARE-GAIN-APPREC> 1.620
<PER-SHARE-DIVIDEND> 0.340
<PER-SHARE-DISTRIBUTIONS> 0.200
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.590
<EXPENSE-RATIO> 1.66
<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-30-1996
<PERIOD-END> Nov-30-1996
<INVESTMENTS-AT-COST> 97,033,311
<INVESTMENTS-AT-VALUE> 116,803,400
<RECEIVABLES> 1,266,072
<ASSETS-OTHER> 371
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 118,069,843
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 927,928
<TOTAL-LIABILITIES> 927,928
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 92,783,731
<SHARES-COMMON-STOCK> 4,934,041
<SHARES-COMMON-PRIOR> 5,320,673
<ACCUMULATED-NII-CURRENT> 217,736
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,370,358
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 19,770,090
<NET-ASSETS> 67,047,005
<DIVIDEND-INCOME> 2,217,323
<INTEREST-INCOME> 2,683,309
<OTHER-INCOME> 0
<EXPENSES-NET> 1,707,551
<NET-INVESTMENT-INCOME> 3,193,081
<REALIZED-GAINS-CURRENT> 4,345,528
<APPREC-INCREASE-CURRENT> 10,205,542
<NET-CHANGE-FROM-OPS> 17,744,151
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,925,727
<DISTRIBUTIONS-OF-GAINS> 1,066,240
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,265,521
<NUMBER-OF-SHARES-REDEEMED> 1,837,574
<SHARES-REINVESTED> 185,421
<NET-CHANGE-IN-ASSETS> 3,485,875
<ACCUMULATED-NII-PRIOR> 260,856
<ACCUMULATED-GAINS-PRIOR> 1,885,796
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,078,738
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,707,551
<AVERAGE-NET-ASSETS> 113,937,744
<PER-SHARE-NAV-BEGIN> 12.170
<PER-SHARE-NII> 0.370
<PER-SHARE-GAIN-APPREC> 1.620
<PER-SHARE-DIVIDEND> 0.370
<PER-SHARE-DISTRIBUTIONS> 0.200
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 13.590
<EXPENSE-RATIO> 1.39
<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-30-1996
<PERIOD-END> Nov-30-1996
<INVESTMENTS-AT-COST> 133,419,294
<INVESTMENTS-AT-VALUE> 136,818,366
<RECEIVABLES> 2,259,301
<ASSETS-OTHER> 10,174
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 139,087,841
<PAYABLE-FOR-SECURITIES> 54,982
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 159,278
<TOTAL-LIABILITIES> 214,260
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 138,152,508
<SHARES-COMMON-STOCK> 14,131,815
<SHARES-COMMON-PRIOR> 10,986,487
<ACCUMULATED-NII-CURRENT> 28,783
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,706,782)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,399,072
<NET-ASSETS> 138,873,581
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 7,962,183
<OTHER-INCOME> 0
<EXPENSES-NET> 1,076,793
<NET-INVESTMENT-INCOME> 6,885,390
<REALIZED-GAINS-CURRENT> (1,134,865)
<APPREC-INCREASE-CURRENT> 293,860
<NET-CHANGE-FROM-OPS> 6,044,385
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,869,461
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,580,878
<NUMBER-OF-SHARES-REDEEMED> 3,751,557
<SHARES-REINVESTED> 316,007
<NET-CHANGE-IN-ASSETS> 29,207,136
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,559,063)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 702,550
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,076,793
<AVERAGE-NET-ASSETS> 117,444,508
<PER-SHARE-NAV-BEGIN> 9.980
<PER-SHARE-NII> 0.570
<PER-SHARE-GAIN-APPREC> (0.150)
<PER-SHARE-DIVIDEND> 0.570
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.830
<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-30-1996
<PERIOD-END> Nov-30-1996
<INVESTMENTS-AT-COST> 68,453,606
<INVESTMENTS-AT-VALUE> 79,749,523
<RECEIVABLES> 74,751
<ASSETS-OTHER> 5,811
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 79,830,085
<PAYABLE-FOR-SECURITIES> 600,339
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 66,937
<TOTAL-LIABILITIES> 667,276
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 68,722,066
<SHARES-COMMON-STOCK> 6,306,199
<SHARES-COMMON-PRIOR> 4,773,324
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (191,233)
<ACCUMULATED-NET-GAINS> (663,939)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,295,915
<NET-ASSETS> 79,162,809
<DIVIDEND-INCOME> 542,868
<INTEREST-INCOME> 214,619
<OTHER-INCOME> 0
<EXPENSES-NET> 928,221
<NET-INVESTMENT-INCOME> (170,734)
<REALIZED-GAINS-CURRENT> (656,505)
<APPREC-INCREASE-CURRENT> 6,695,619
<NET-CHANGE-FROM-OPS> 5,868,380
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 1,408,024
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,651,433
<NUMBER-OF-SHARES-REDEEMED> 1,172,964
<SHARES-REINVESTED> 54,406
<NET-CHANGE-IN-ASSETS> 22,733,165
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1,400,591
<OVERDISTRIB-NII-PRIOR> 20,499
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 665,476
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 928,221
<AVERAGE-NET-ASSETS> 70,114,526
<PER-SHARE-NAV-BEGIN> 11.820
<PER-SHARE-NII> (0.030)
<PER-SHARE-GAIN-APPREC> 1.050
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.290
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.550
<EXPENSE-RATIO> 1.32
<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-30-1996
<PERIOD-END> Nov-30-1996
<INVESTMENTS-AT-COST> 106,451,532
<INVESTMENTS-AT-VALUE> 109,369,799
<RECEIVABLES> 10,298,136
<ASSETS-OTHER> 19,240
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 119,687,175
<PAYABLE-FOR-SECURITIES> 8,770,190
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 142,170
<TOTAL-LIABILITIES> 8,912,360
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 108,852,276
<SHARES-COMMON-STOCK> 10,546,598
<SHARES-COMMON-PRIOR> 4,513,598
<ACCUMULATED-NII-CURRENT> 285,912
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,275,409)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,912,036
<NET-ASSETS> 110,774,815
<DIVIDEND-INCOME> 2,599,149
<INTEREST-INCOME> 3,661,597
<OTHER-INCOME> 0
<EXPENSES-NET> 988,667
<NET-INVESTMENT-INCOME> 5,272,079
<REALIZED-GAINS-CURRENT> (1,275,409)
<APPREC-INCREASE-CURRENT> 2,107,201
<NET-CHANGE-FROM-OPS> 6,103,871
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,063,250
<DISTRIBUTIONS-OF-GAINS> 0
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</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 09
<NAME> Star Funds
Star Growth Equity Fund
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</TABLE>
