<PAGE> PAGE 1
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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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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 Y
<PAGE> PAGE 42
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 107903
071 B000900 71726
071 C000900 119543
071 D000900 60
072 A000900 12
072 B000900 313
072 C000900 2090
072 D000900 0
072 E000900 0
072 F000900 947
072 G000900 116
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072 I000900 75
072 J000900 32
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072 M000900 0
072 N000900 28
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072 P000900 0
072 Q000900 46
072 R000900 14
072 S000900 1
072 T000900 88
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072 V000900 0
072 W000900 10
072 X000900 1363
072 Y000900 0
072 Z000900 1040
072AA000900 11794
072BB000900 3208
072CC010900 22148
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072EE000900 5807
<PAGE> PAGE 43
073 A010900 0.0400
073 A020900 0.1400
073 B000900 1.0200
073 C000900 0.0000
074 A000900 0
074 B000900 1359
074 C000900 3894
074 D000900 0
074 E000900 0
074 F000900 148277
074 G000900 37
074 H000900 0
074 I000900 0
074 J000900 0
074 K000900 0
074 L000900 569
074 M000900 31
074 N000900 154167
074 O000900 0
074 P000900 0
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 55
074 S000900 0
074 T000900 154112
074 U010900 6350
074 U020900 2622
074 V010900 17.18
074 V020900 17.17
074 W000900 0.0000
074 X000900 2052
074 Y000900 0
075 A000900 0
075 B000900 125734
076 000900 0.00
024 001000 N
025 D001001 0
025 D001002 0
025 D001003 0
025 D001004 0
025 D001005 0
025 D001006 0
025 D001007 0
025 D001008 0
028 A011000 1901
028 A021000 1
028 A031000 0
028 A041000 1339
028 B011000 5082
<PAGE> PAGE 44
028 B021000 1
028 B031000 0
028 B041000 940
028 C011000 3880
028 C021000 1
028 C031000 0
028 C041000 2842
028 D011000 2113
028 D021000 1
028 D031000 0
028 D041000 1035
028 E011000 2261
028 E021000 2
028 E031000 0
028 E041000 1736
028 F011000 2485
028 F021000 2
028 F031000 0
028 F041000 1379
028 G011000 17722
028 G021000 8
028 G031000 0
028 G041000 9271
028 H001000 0
029 001000 N
030 A001000 0
030 B001000 0.00
030 C001000 0.00
031 A001000 0
031 B001000 0
032 001000 0
033 001000 0
034 001000 N
035 001000 0
036 B001000 0
037 001000 N
038 001000 0
039 001000 N
040 001000 N
042 A001000 0
042 B001000 0
042 C001000 0
042 D001000 0
042 E001000 0
042 F001000 0
042 G001000 0
042 H001000 0
043 001000 0
044 001000 0
045 001000 Y
046 001000 N
<PAGE> PAGE 45
047 001000 Y
048 001000 0.750
048 A011000 0
048 A021000 0.000
048 B011000 0
048 B021000 0.000
048 C011000 0
048 C021000 0.000
048 D011000 0
048 D021000 0.000
048 E011000 0
048 E021000 0.000
048 F011000 0
048 F021000 0.000
048 G011000 0
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
049 001000 N
050 001000 N
051 001000 N
052 001000 N
053 A001000 Y
053 B001000 Y
053 C001000 N
058 A001000 N
059 001000 Y
060 A001000 Y
060 B001000 Y
061 001000 1000
062 A001000 Y
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 99.4
<PAGE> PAGE 46
062 P001000 0.0
062 Q001000 0.0
062 R001000 3.0
063 A001000 0
063 B001000 7.6
064 A001000 Y
064 B001000 N
066 A001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 N
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 138138
071 B001000 16142
071 C001000 107613
<PAGE> PAGE 47
071 D001000 15
072 A001000 11
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072 J001000 28
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072 Z001000 5136
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073 A011000 0.4300
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<PAGE> PAGE 48
074 N001000 131348
074 O001000 2595
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074 U011000 12548
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SIGNATURE S. ELLIOTT COHAN
TITLE ASST. GEN. COUNSEL
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 011
<NAME> Star Funds
Star Treasury Fund
Trust Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 1,128,461,912
<INVESTMENTS-AT-VALUE> 1,128,461,912
<RECEIVABLES> 4,748,575
<ASSETS-OTHER> 6,795
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,133,217,282
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,521,555
<TOTAL-LIABILITIES> 4,521,555
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 659,295,588
<SHARES-COMMON-STOCK> 659,295,588
<SHARES-COMMON-PRIOR> 790,080,483
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 659,295,588
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 54,977,537
<OTHER-INCOME> 0
<EXPENSES-NET> 7,259,586
<NET-INVESTMENT-INCOME> 47,717,951
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 47,717,951
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 17,991,145
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,057,044,184
<NUMBER-OF-SHARES-REDEEMED> 1,397,830,169
<SHARES-REINVESTED> 81,573
<NET-CHANGE-IN-ASSETS> 299,436,636
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,990,143
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,259,586
<AVERAGE-NET-ASSETS> 1,222,758,272
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.030
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.030
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<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.72
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 012
<NAME> Star Funds
Star Treasury Fund
Investment Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 1,128,461,912
<INVESTMENTS-AT-VALUE> 1,128,461,912
<RECEIVABLES> 4,748,575
<ASSETS-OTHER> 6,795
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,133,217,282
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,521,555
<TOTAL-LIABILITIES> 4,521,555
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 469,400,139
<SHARES-COMMON-STOCK> 469,400,139
<SHARES-COMMON-PRIOR> 206,805,427
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 469,400,139
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 54,977,537
<OTHER-INCOME> 0
<EXPENSES-NET> 7,259,586
<NET-INVESTMENT-INCOME> 47,717,951
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 47,717,951
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 29,726,806
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,577,104,870
<NUMBER-OF-SHARES-REDEEMED> 4,937,351,630
<SHARES-REINVESTED> 387,808
<NET-CHANGE-IN-ASSETS> 299,436,636
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,990,143
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,259,586
<AVERAGE-NET-ASSETS> 1,222,758,272
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.050
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.050
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<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.72
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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> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 125,946,131
<INVESTMENTS-AT-VALUE> 125,943,131
<RECEIVABLES> 737,015
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 126,680,146
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 332,611
<TOTAL-LIABILITIES> 332,611
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 126,347,535
<SHARES-COMMON-STOCK> 126,347,535
<SHARES-COMMON-PRIOR> 131,879,976
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 126,347,535
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,053,405
<OTHER-INCOME> 0
<EXPENSES-NET> 950,290
<NET-INVESTMENT-INCOME> 4,103,115
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 4,103,115
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,103,115
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 529,216,899
<NUMBER-OF-SHARES-REDEEMED> 556,130,618
<SHARES-REINVESTED> 5,547
<NET-CHANGE-IN-ASSETS> 26,908,172
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 761,469
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,088,739
<AVERAGE-NET-ASSETS> 138,448,913
<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> 0.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 041
<NAME> Star Funds
Star Relative Value Fund
Trust Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 227,978,589
<INVESTMENTS-AT-VALUE> 367,649,656
<RECEIVABLES> 9,435,235
<ASSETS-OTHER> 767
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 377,085,658
<PAYABLE-FOR-SECURITIES> 27,217,087
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 64,679
<TOTAL-LIABILITIES> 27,281,766
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 196,990,910
<SHARES-COMMON-STOCK> 312,056,017
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 790,512
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12,351,403
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 139,671,067
<NET-ASSETS> 312,056,017
<DIVIDEND-INCOME> 6,555,931
<INTEREST-INCOME> 550,449
<OTHER-INCOME> 0
<EXPENSES-NET> 2,994,422
<NET-INVESTMENT-INCOME> 4,111,958
<REALIZED-GAINS-CURRENT> 12,351,845
<APPREC-INCREASE-CURRENT> 69,992,342
<NET-CHANGE-FROM-OPS> 86,456,145
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,925,727
<DISTRIBUTIONS-OF-GAINS> 1,066,240
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13,707,273
<NUMBER-OF-SHARES-REDEEMED> 437,680
<SHARES-REINVESTED> 12,454
<NET-CHANGE-IN-ASSETS> 3,485,875
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,220,214
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,994,422
<AVERAGE-NET-ASSETS> 294,603,714
<PER-SHARE-NAV-BEGIN> 22.670
<PER-SHARE-NII> 0.080
<PER-SHARE-GAIN-APPREC> 0.810
<PER-SHARE-DIVIDEND> 0.070
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 23.490
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 042
<NAME> Star Funds
Star Relative Value Fund
Investment Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 227,978,589
<INVESTMENTS-AT-VALUE> 367,649,656
<RECEIVABLES> 9,435,235
<ASSETS-OTHER> 767
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 377,085,658
<PAYABLE-FOR-SECURITIES> 27,217,087
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 64,679
<TOTAL-LIABILITIES> 27,281,766
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 196,990,910
<SHARES-COMMON-STOCK> 1,607,399
<SHARES-COMMON-PRIOR> 14,141,801
<ACCUMULATED-NII-CURRENT> 790,512
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 12,351,403
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 139,671,067
<NET-ASSETS> 37,747,875
<DIVIDEND-INCOME> 6,555,931
<INTEREST-INCOME> 550,449
<OTHER-INCOME> 0
<EXPENSES-NET> 2,994,422
<NET-INVESTMENT-INCOME> 4,111,958
<REALIZED-GAINS-CURRENT> 12,351,845
<APPREC-INCREASE-CURRENT> 69,992,342
<NET-CHANGE-FROM-OPS> 86,456,145
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,310,474
<DISTRIBUTIONS-OF-GAINS> 800,304
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,467,573
<NUMBER-OF-SHARES-REDEEMED> 14,355,524
<SHARES-REINVESTED> 154,522
<NET-CHANGE-IN-ASSETS> 3,485,875
<ACCUMULATED-NII-PRIOR> 735,835
<ACCUMULATED-GAINS-PRIOR> 5,394,525
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,220,214
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,994,422
<AVERAGE-NET-ASSETS> 294,603,714
<PER-SHARE-NAV-BEGIN> 19.030
<PER-SHARE-NII> 0.670
<PER-SHARE-GAIN-APPREC> 4.450
<PER-SHARE-DIVIDEND> 0.280
<PER-SHARE-DISTRIBUTIONS> 0.390
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 23.480
<EXPENSE-RATIO> 1.01
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<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-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 92,011,597
<INVESTMENTS-AT-VALUE> 111,515,520
<RECEIVABLES> 2,659,210
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 114,174,730
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 35,401
<TOTAL-LIABILITIES> 35,401
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 83,882,456
<SHARES-COMMON-STOCK> 4,466,534
<SHARES-COMMON-PRIOR>
<ACCUMULATED-NII-CURRENT> 216,008
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 10,536,942
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 19,503,923
<NET-ASSETS> 63,741,786
<DIVIDEND-INCOME> 2,152,697
<INTEREST-INCOME> 2,771,967
<OTHER-INCOME> 0
<EXPENSES-NET> 1,667,463
<NET-INVESTMENT-INCOME> 3,257,201
<REALIZED-GAINS-CURRENT> 10,472,803
<APPREC-INCREASE-CURRENT> (266,167)
<NET-CHANGE-FROM-OPS> 13,463,837
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,933,469
<DISTRIBUTIONS-OF-GAINS> 2,461,154
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 875,937
<NUMBER-OF-SHARES-REDEEMED> 1,598,328
<SHARES-REINVESTED> 254,884
<NET-CHANGE-IN-ASSETS> 3,002,586
<ACCUMULATED-NII-PRIOR> 341,342
<ACCUMULATED-GAINS-PRIOR> 5,566,736
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,114,195
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,667,463
<AVERAGE-NET-ASSETS> 1,222,758,272
<PER-SHARE-NAV-BEGIN> 13.590
<PER-SHARE-NII> 0.400
<PER-SHARE-GAIN-APPREC> 1.180
<PER-SHARE-DIVIDEND> 0.400
<PER-SHARE-DISTRIBUTIONS> 0.500
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.270
<EXPENSE-RATIO> 1.31
<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-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 92,011,597
<INVESTMENTS-AT-VALUE> 111,515,520
<RECEIVABLES> 2,659,210
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 114,174,730
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 35,401
<TOTAL-LIABILITIES> 35,401
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 83,882,456
<SHARES-COMMON-STOCK> 3,531,949
<SHARES-COMMON-PRIOR> 3,680,986
<ACCUMULATED-NII-CURRENT> 216,008
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 10,536,942
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 19,503,923
<NET-ASSETS> 50,397,543
<DIVIDEND-INCOME> 2,152,697
<INTEREST-INCOME> 2,771,967
<OTHER-INCOME> 0
<EXPENSES-NET> 1,667,463
<NET-INVESTMENT-INCOME> 3,257,201
<REALIZED-GAINS-CURRENT> 10,472,803
<APPREC-INCREASE-CURRENT> (266,167)
<NET-CHANGE-FROM-OPS> 13,463,837
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,325,460
<DISTRIBUTIONS-OF-GAINS> 1,845,065
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 229,880
<NUMBER-OF-SHARES-REDEEMED> 618,771
<SHARES-REINVESTED> 234,369
<NET-CHANGE-IN-ASSETS> 3,002,586
<ACCUMULATED-NII-PRIOR> 341,342
<ACCUMULATED-GAINS-PRIOR> 5,566,736
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,114,195
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,667,463
<AVERAGE-NET-ASSETS> 1,222,758,272
<PER-SHARE-NAV-BEGIN> 13.590
<PER-SHARE-NII> 0.360
<PER-SHARE-GAIN-APPREC> 1.180
<PER-SHARE-DIVIDEND> 0.360
<PER-SHARE-DISTRIBUTIONS> 0.500
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.270
<EXPENSE-RATIO> 1.56
<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-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 132,001,829
<INVESTMENTS-AT-VALUE> 135,476,686
<RECEIVABLES> 2,096,218
<ASSETS-OTHER> 38,995
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 137,611,899
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 166,586
<TOTAL-LIABILITIES> 166,586
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 136,179,106
<SHARES-COMMON-STOCK> 13,928,011
<SHARES-COMMON-PRIOR> 14,190,745
<ACCUMULATED-NII-CURRENT> 20,298
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,228,948)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,474,857
<NET-ASSETS> 137,445,313
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 9,251,220
<OTHER-INCOME> 0
<EXPENSES-NET> 1,213,506
<NET-INVESTMENT-INCOME> 8,037,714
<REALIZED-GAINS-CURRENT> 477,834
<APPREC-INCREASE-CURRENT> 75,785
<NET-CHANGE-FROM-OPS> 8,591,333
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 8,046,199
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 24,040,035
<NUMBER-OF-SHARES-REDEEMED> 28,903,412
<SHARES-REINVESTED> 2,889,975
<NET-CHANGE-IN-ASSETS> 1,428,268
<ACCUMULATED-NII-PRIOR> 28,783
<ACCUMULATED-GAINS-PRIOR> (3,125,384)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 819,582
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,213,506
<AVERAGE-NET-ASSETS> 137,005,104
<PER-SHARE-NAV-BEGIN> 9.830
<PER-SHARE-NII> 0.570
<PER-SHARE-GAIN-APPREC> 0.040
<PER-SHARE-DIVIDEND> 0.570
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.870
<EXPENSE-RATIO> 0.89
<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-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 80,422,289
<INVESTMENTS-AT-VALUE> 82,972,156
<RECEIVABLES> 158,707
<ASSETS-OTHER> 17,202
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 83,148,065
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 29,811
<TOTAL-LIABILITIES> 29,811
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 62,623,866
<SHARES-COMMON-STOCK> 5,795,859
<SHARES-COMMON-PRIOR> 5,637,735
<ACCUMULATED-NII-CURRENT> 124,077
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 17,820,444
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,549,867
<NET-ASSETS> 83,118,254
<DIVIDEND-INCOME> 733,137
<INTEREST-INCOME> 399,819
<OTHER-INCOME> 0
<EXPENSES-NET> 1,008,879
<NET-INVESTMENT-INCOME> 124,077
<REALIZED-GAINS-CURRENT> 18,507,772
<APPREC-INCREASE-CURRENT> 8,746,048
<NET-CHANGE-FROM-OPS> 9,885,801
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,646,694
<DISTRIBUTIONS-OF-GAINS> 82,169
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 57,530,540
<NUMBER-OF-SHARES-REDEEMED> 17,317,728
<SHARES-REINVESTED> 961,791
<NET-CHANGE-IN-ASSETS> 83,864,095
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 2,366,342
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 744,928
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,008,879
<AVERAGE-NET-ASSETS> 78,206,468
<PER-SHARE-NAV-BEGIN> 12.550
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 1.770
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 14.340
<EXPENSE-RATIO> 1.29
<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-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 173,189,257
<INVESTMENTS-AT-VALUE> 176,638,360
<RECEIVABLES> 4,225,107
<ASSETS-OTHER> 27,352
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 180,890,819
<PAYABLE-FOR-SECURITIES> 1,346,045
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 132,043
<TOTAL-LIABILITIES> 1,478,088
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 174,364,150
<SHARES-COMMON-STOCK> 16,820,224
<SHARES-COMMON-PRIOR> 13,319,697
<ACCUMULATED-NII-CURRENT> 302,263
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,263,104
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,483,214
<NET-ASSETS> 179,412,731
<DIVIDEND-INCOME> 4,688,527
<INTEREST-INCOME> 7,178,535
<OTHER-INCOME> 0
<EXPENSES-NET> 1,779,136
<NET-INVESTMENT-INCOME> 10,087,926
<REALIZED-GAINS-CURRENT> 2,538,513
<APPREC-INCREASE-CURRENT> 571,178
<NET-CHANGE-FROM-OPS> 13,197,617
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10,071,575
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 76,800,372
<NUMBER-OF-SHARES-REDEEMED> 14,457,644
<SHARES-REINVESTED> 3,169,146
<NET-CHANGE-IN-ASSETS> 68,637,916
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,438,705)
<OVERDISTRIB-NII-PRIOR> 170,429
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,343,811
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,779,136
<AVERAGE-NET-ASSETS> 141,629,392
<PER-SHARE-NAV-BEGIN> 10.500
<PER-SHARE-NII> 0.730
<PER-SHARE-GAIN-APPREC> 0.180
<PER-SHARE-DIVIDEND> 0.740
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.670
<EXPENSE-RATIO> 1.26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 091
<NAME> Star Funds
Star Growth Equity Fund
Trust Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 116,260,475
<INVESTMENTS-AT-VALUE> 153,567,112
<RECEIVABLES> 568,906
<ASSETS-OTHER> 31,207
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 154,167,225
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 54,971
<TOTAL-LIABILITIES> 54,971
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 108,095,324
<SHARES-COMMON-STOCK> 6,350,229
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 178,611
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,531,682
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,306,637
<NET-ASSETS> 109,086,937
<DIVIDEND-INCOME> 2,089,661
<INTEREST-INCOME> 313,137
<OTHER-INCOME> 0
<EXPENSES-NET> 1,362,788
<NET-INVESTMENT-INCOME> 1,040,010
<REALIZED-GAINS-CURRENT> 8,585,979
<APPREC-INCREASE-CURRENT> 22,147,767
<NET-CHANGE-FROM-OPS> 31,773,756
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 918,577
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,523,027
<NUMBER-OF-SHARES-REDEEMED> 178,790
<SHARES-REINVESTED> 5,992
<NET-CHANGE-IN-ASSETS> 133,960,649
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 946,601
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,362,788
<AVERAGE-NET-ASSETS> 125,734,318
<PER-SHARE-NAV-BEGIN> 16.460
<PER-SHARE-NII> 0.030
<PER-SHARE-GAIN-APPREC> 0.730
<PER-SHARE-DIVIDEND> 0.040
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.180
<EXPENSE-RATIO> 1.06
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 092
<NAME> Star Funds
Star Growth Equity Fund
Investment Shares
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 116,260,475
<INVESTMENTS-AT-VALUE> 153,567,112
<RECEIVABLES> 568,906
<ASSETS-OTHER> 31,207
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 154,167,225
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 54,971
<TOTAL-LIABILITIES> 54,971
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 108,095,324
<SHARES-COMMON-STOCK> 2,622,284
<SHARES-COMMON-PRIOR> 8,128,156
<ACCUMULATED-NII-CURRENT> 178,611
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,531,682
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,306,637
<NET-ASSETS> 45,025,317
<DIVIDEND-INCOME> 2,089,661
<INTEREST-INCOME> 313,137
<OTHER-INCOME> 0
<EXPENSES-NET> 1,362,788
<NET-INVESTMENT-INCOME> 1,040,010
<REALIZED-GAINS-CURRENT> 8,585,979
<APPREC-INCREASE-CURRENT> 22,147,767
<NET-CHANGE-FROM-OPS> 31,773,756
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2,940,841
<DISTRIBUTIONS-OF-GAINS> 4,395,625
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,005,011
<NUMBER-OF-SHARES-REDEEMED> 7,354,386
<SHARES-REINVESTED> 346,216
<NET-CHANGE-IN-ASSETS> 133,960,649
<ACCUMULATED-NII-PRIOR> 246,618
<ACCUMULATED-GAINS-PRIOR> 4,614,252
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 946,601
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,362,788
<AVERAGE-NET-ASSETS> 125,734,318
<PER-SHARE-NAV-BEGIN> 15.170
<PER-SHARE-NII> 0.190
<PER-SHARE-GAIN-APPREC> 2.970
<PER-SHARE-DIVIDEND> 0.140
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 17.170
<EXPENSE-RATIO> 1.09
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> Star Funds
The Stellar Insured Tax-Free Bond Fund
<PERIOD-TYPE> 12-mos
<FISCAL-YEAR-END> Nov-30-1997
<PERIOD-END> Nov-30-1997
<INVESTMENTS-AT-COST> 123,610,353
<INVESTMENTS-AT-VALUE> 129,175,678
<RECEIVABLES> 2,170,802
<ASSETS-OTHER> 1,959
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 131,348,439
<PAYABLE-FOR-SECURITIES> 2,595,328
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 161,688
<TOTAL-LIABILITIES> 2,757,016
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 122,628,140
<SHARES-COMMON-STOCK> 12,548,149
<SHARES-COMMON-PRIOR> 11,717,533
<ACCUMULATED-NII-CURRENT> 73,682
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 324,276
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,565,325
<NET-ASSETS> 128,591,423
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 6,009,083
<OTHER-INCOME> 0
<EXPENSES-NET> 872,631
<NET-INVESTMENT-INCOME> 5,136,452
<REALIZED-GAINS-CURRENT> 324,276
<APPREC-INCREASE-CURRENT> 5,565,325
<NET-CHANGE-FROM-OPS> 11,026,053
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 5,062,770
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 139,447,600
<NUMBER-OF-SHARES-REDEEMED> 16,829,546
<SHARES-REINVESTED> 10,086
<NET-CHANGE-IN-ASSETS> 128,591,423
<ACCUMULATED-NII-PRIOR> 2,487
<ACCUMULATED-GAINS-PRIOR> 254,176
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 825,962
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,147,952
<AVERAGE-NET-ASSETS> 119,737,736
<PER-SHARE-NAV-BEGIN> 10.000
<PER-SHARE-NII> 0.440
<PER-SHARE-GAIN-APPREC> 0.240
<PER-SHARE-DIVIDEND> 0.430
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.250
<EXPENSE-RATIO> 0.79
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
