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<PAGE> PAGE 9
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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 19
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 33
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<PAGE> PAGE 41
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050 000800 N
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<PAGE> PAGE 42
067 000800 N
068 A000800 N
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
050 000900 N
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
076 000900 0.00
008 A001001 SIERRA INVESTMENT ADVISORS CORPORATION
008 B001001 A
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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<PAGE> PAGE 57
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<PAGE> PAGE 58
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<PAGE> PAGE 59
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<PAGE> PAGE 60
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<PAGE> PAGE 61
066 C001200 N
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066 E001200 N
066 F001200 N
066 G001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 Y
070 A021200 N
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 Y
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 Y
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 Y
070 R021200 N
071 A001200 123556
071 B001200 141554
071 C001200 90819
071 D001200 136
072 A001200 6
072 B001200 929
<PAGE> PAGE 62
072 C001200 539
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072 E001200 0
072 F001200 639
072 G001200 239
072 H001200 0
072 I001200 32
072 J001200 0
072 K001200 0
072 L001200 0
072 M001200 2
072 N001200 63
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072 P001200 0
072 Q001200 0
072 R001200 6
072 S001200 18
072 T001200 188
072 U001200 6
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072 W001200 8
072 X001200 1201
072 Y001200 0
072 Z001200 267
072AA001200 5765
072BB001200 0
072CC011200 6292
072CC021200 0
072DD011200 166
072DD021200 3
072EE001200 0
073 A011200 0.0160
073 A021200 0.0080
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074 C001200 46628
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074 E001200 5316
074 F001200 76599
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074 H001200 0
074 I001200 0
074 J001200 2170
074 K001200 0
074 L001200 490
074 M001200 327
074 N001200 132161
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074 P001200 178
<PAGE> PAGE 63
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 244
074 S001200 0
074 T001200 131739
074 U011200 10411
074 U021200 813
074 V011200 11.74
074 V021200 11.72
074 W001200 0.0000
074 X001200 28796
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075 A001200 135330
075 B001200 0
076 001200 0.00
008 A001301 SIERRA INVESTMENT ADVISORS CORPORATION
008 B001301 A
008 C001301 801-32921
008 D011301 NORTHRIDGE
008 D021301 CA
008 D031301 91324
008 A001302 VAN KAMPEN AMERICAN CAPITAL MANAGEMENT INC.
008 B001302 S
008 C001302 801-40808
008 D011302 OAKBROOK TERRACE
008 D021302 IL
008 D031302 60181
028 A011300 1899
028 A021300 99
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028 A041300 1302
028 B011300 1511
028 B021300 97
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<PAGE> PAGE 64
028 F031300 0
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036 A001300 N
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042 E001300 0
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044 001300 0
045 001300 Y
046 001300 N
047 001300 Y
048 001300 0.000
048 A011300 500000
048 A021300 0.600
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048 B021300 0.000
048 C011300 0
048 C021300 0.000
048 D011300 0
048 D021300 0.000
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048 E021300 0.000
048 F011300 0
048 F021300 0.000
048 G011300 0
048 G021300 0.000
048 H011300 0
048 H021300 0.000
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048 I021300 0.000
<PAGE> PAGE 65
048 J011300 0
048 J021300 0.000
048 K011300 500000
048 K021300 0.450
049 001300 N
050 001300 N
051 001300 N
052 001300 N
053 A001300 Y
053 B001300 Y
053 C001300 N
055 A001300 N
055 B001300 N
056 001300 N
057 001300 N
058 A001300 N
059 001300 Y
060 A001300 N
060 B001300 N
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062 A001300 Y
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064 A001300 Y
064 B001300 N
066 A001300 N
067 001300 N
068 A001300 N
068 B001300 N
069 001300 N
070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 N
<PAGE> PAGE 66
070 C011300 Y
070 C021300 N
070 D011300 N
070 D021300 N
070 E011300 Y
070 E021300 Y
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 Y
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 N
070 L011300 N
070 L021300 N
070 M011300 N
070 M021300 N
070 N011300 N
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 Y
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300 10250
071 B001300 8758
071 C001300 34124
071 D001300 26
072 A001300 6
072 B001300 1108
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072 I001300 7
072 J001300 0
072 K001300 0
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072 M001300 1
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<PAGE> PAGE 67
072 P001300 0
072 Q001300 0
072 R001300 3
072 S001300 6
072 T001300 51
072 U001300 7
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072 W001300 2
072 X001300 266
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072 Z001300 1031
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072BB001300 813
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072DD011300 1006
072DD021300 25
072EE001300 0
073 A011300 0.2580
073 A021300 0.2300
073 B001300 0.0000
073 C001300 0.0000
074 A001300 56
074 B001300 0
074 C001300 1200
074 D001300 31746
074 E001300 0
074 F001300 0
074 G001300 0
074 H001300 0
074 I001300 0
074 J001300 0
074 K001300 0
074 L001300 718
074 M001300 93
074 N001300 33813
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074 P001300 8
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074 R041300 154
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074 T001300 33651
074 U011300 3516
074 U021300 210
074 V011300 9.03
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074 W001300 0.0000
074 X001300 1223
<PAGE> PAGE 68
074 Y001300 1648
075 A001300 37024
075 B001300 0
076 001300 0.00
008 A001401 SIERRA INVESTMENT ADVISORS CORPORATION
008 B001401 A
008 C001401 801-32921
008 D011401 NORTHRIDGE
008 D021401 CA
008 D031401 91324
008 A001402 SCUDDER, STEVENS & CLARK, INC.
008 B001402 S
008 C001402 801-252
008 D011402 BOSTON
008 D021402 MA
008 D031402 02110
028 A011400 2319
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028 G041400 15517
028 H001400 6363
029 001400 Y
030 A001400 187
030 B001400 3.50
030 C001400 0.00
031 A001400 29
031 B001400 0
<PAGE> PAGE 69
032 001400 8
033 001400 150
034 001400 Y
035 001400 5
036 A001400 N
036 B001400 0
042 A001400 0
042 B001400 0
042 C001400 100
042 D001400 0
042 E001400 0
042 F001400 0
042 G001400 0
042 H001400 0
043 001400 78
044 001400 0
045 001400 Y
046 001400 N
047 001400 Y
048 001400 0.000
048 A011400 200000
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048 B011400 300000
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048 I021400 0.000
048 J011400 0
048 J021400 0.000
048 K011400 500000
048 K021400 0.400
049 001400 N
050 001400 N
051 001400 N
052 001400 N
053 A001400 Y
053 B001400 Y
053 C001400 N
055 A001400 Y
055 B001400 N
<PAGE> PAGE 70
056 001400 N
057 001400 N
058 A001400 N
059 001400 Y
060 A001400 Y
060 B001400 Y
061 001400 100
062 A001400 Y
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062 H001400 0.0
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062 L001400 6.3
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062 P001400 5.2
062 Q001400 20.3
062 R001400 0.0
063 A001400 0
063 B001400 1.4
064 A001400 N
064 B001400 N
066 A001400 N
067 001400 N
068 A001400 N
068 B001400 N
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070 A011400 Y
070 A021400 Y
070 B011400 Y
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070 E021400 Y
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070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 Y
<PAGE> PAGE 71
070 I021400 N
070 J011400 Y
070 J021400 N
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070 K021400 N
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070 L021400 Y
070 M011400 Y
070 M021400 Y
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070 O021400 N
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070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
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<PAGE> PAGE 72
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008 A001501 SIERRA INVESTMENT ADVISORS CORPORATION
008 B001501 A
008 C001501 801-32921
008 D011501 NORTHRIDGE
008 D021501 CA
008 D031501 91324
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<PAGE> PAGE 73
008 D011502 OAKBROOK TERRACE
008 D021502 IL
008 D031502 60181
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<PAGE> PAGE 74
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<PAGE> PAGE 75
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<PAGE> PAGE 76
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<PAGE> PAGE 77
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SIGNATURE CRAIG M. MILLER
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<SERIES>
<NUMBER> 1
<NAME> STF GLOBAL MONEY CLASS A
<S> <C>
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<EXPENSE-RATIO> 0.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> STF GLOBAL MONEY CLASS B
<S> <C>
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<TOTAL-LIABILITIES> 58,005
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<ACCUMULATED-NET-GAINS> (2,662)
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<DIVIDEND-INCOME> 0
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<EXPENSES-NET> 154,438
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> STF GLOBAL MONEY CLASS S
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> STF U.S. GOV'T MONEY CLASS A
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> STF U.S. GOV'T MONEY CLASS B
<S> <C>
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<PERIOD-END> DEC-31-1994
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> STF U.S. GOV'T MONEY CLASS S
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> STF CAL MONEY CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
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<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 52,680,192
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> STF CAL MONEY CLASS B
<S> <C>
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<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 52,680,192
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> STF CAL MONEY CLASS S
<S> <C>
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<INVESTMENTS-AT-COST> 52,680,192
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> STF U.S. Govt Class A
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> STF U.S. Govt Class B
<S> <C>
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<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
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<INTEREST-INCOME> 23,490,245
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<APPREC-INCREASE-CURRENT> 25,407,022
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<NUMBER-OF-SHARES-SOLD> 823,326
<NUMBER-OF-SHARES-REDEEMED> (104,113)
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<NET-CHANGE-IN-ASSETS> (194,660,230)
<ACCUMULATED-NII-PRIOR> 51,912
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<PER-SHARE-NAV-END> 9.12
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> STF U.S. Govt Class S
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 615,179,321
<INVESTMENTS-AT-VALUE> 588,135,299
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<ACCUMULATED-NET-GAINS> (65,621,044)
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<NET-ASSETS> 471,905,307
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<INTEREST-INCOME> 23,490,245
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<EXPENSES-NET> 3,465,935
<NET-INVESTMENT-INCOME> 21,840,393
<REALIZED-GAINS-CURRENT> (46,068,208)
<APPREC-INCREASE-CURRENT> 25,407,022
<NET-CHANGE-FROM-OPS> 1,179,207
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (52,042)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 370,515
<NUMBER-OF-SHARES-REDEEMED> (66,124)
<SHARES-REINVESTED> 4,907
<NET-CHANGE-IN-ASSETS> (194,660,230)
<ACCUMULATED-NII-PRIOR> 51,912
<ACCUMULATED-GAINS-PRIOR> (19,552,836)
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<AVERAGE-NET-ASSETS> 570,796,470
<PER-SHARE-NAV-BEGIN> 9.45
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> (0.34)
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<PER-SHARE-NAV-END> 9.12
<EXPENSE-RATIO> 1.88
<AVG-DEBT-OUTSTANDING> 0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> STF CAL MUNI CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 408,446,976
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<ACCUMULATED-NET-GAINS> (14,587,505)
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<EXPENSES-NET> 2,078,501
<NET-INVESTMENT-INCOME> 13,876,639
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<DISTRIBUTIONS-OF-INCOME> (13,819,510)
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<NUMBER-OF-SHARES-SOLD> 1,834,076
<NUMBER-OF-SHARES-REDEEMED> (11,309,265)
<SHARES-REINVESTED> 920,507
<NET-CHANGE-IN-ASSETS> (107,339,133)
<ACCUMULATED-NII-PRIOR> 937
<ACCUMULATED-GAINS-PRIOR> (11,154,307)
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<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,011,029
<AVERAGE-NET-ASSETS> 466,232,163
<PER-SHARE-NAV-BEGIN> 10.38
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> (0.53)
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.85
<EXPENSE-RATIO> 0.88
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> STF CAL MUNI CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 408,446,976
<INVESTMENTS-AT-VALUE> 393,973,657
<RECEIVABLES> 8,930,002
<ASSETS-OTHER> 153,180
<OTHER-ITEMS-ASSETS> 6,507,141
<TOTAL-ASSETS> 409,563,980
<PAYABLE-FOR-SECURITIES> 5,622,611
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<OTHER-ITEMS-LIABILITIES> 2,057,059
<TOTAL-LIABILITIES> 7,679,670
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 430,813,975
<SHARES-COMMON-STOCK> 290,061
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 14,940
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (14,587,505)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (14,357,100)
<NET-ASSETS> 401,884,310
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 15,955,140
<OTHER-INCOME> 0
<EXPENSES-NET> 2,078,501
<NET-INVESTMENT-INCOME> 13,876,639
<REALIZED-GAINS-CURRENT> (3,433,198)
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<DISTRIBUTIONS-OF-INCOME> (42,873)
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<NUMBER-OF-SHARES-SOLD> 328,939
<NUMBER-OF-SHARES-REDEEMED> (41,962)
<SHARES-REINVESTED> 3,084
<NET-CHANGE-IN-ASSETS> (107,339,133)
<ACCUMULATED-NII-PRIOR> 937
<ACCUMULATED-GAINS-PRIOR> (11,154,307)
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<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,011,029
<AVERAGE-NET-ASSETS> 466,232,163
<PER-SHARE-NAV-BEGIN> 10.38
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> (0.53)
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<PER-SHARE-NAV-END> 9.85
<EXPENSE-RATIO> 1.63
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> STF CAL MUNI CLASS S
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 408,446,976
<INVESTMENTS-AT-VALUE> 393,973,657
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<PAID-IN-CAPITAL-COMMON> 430,813,975
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<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 14,940
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<ACCUMULATED-NET-GAINS> (14,587,505)
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<ACCUM-APPREC-OR-DEPREC> (14,357,100)
<NET-ASSETS> 401,884,310
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<INTEREST-INCOME> 15,955,140
<OTHER-INCOME> 0
<EXPENSES-NET> 2,078,501
<NET-INVESTMENT-INCOME> 13,876,639
<REALIZED-GAINS-CURRENT> (3,433,198)
<APPREC-INCREASE-CURRENT> (20,928,041)
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (253)
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 3,505
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<SHARES-REINVESTED> 25
<NET-CHANGE-IN-ASSETS> (107,339,133)
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<ACCUMULATED-GAINS-PRIOR> (11,154,307)
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<PER-SHARE-NAV-BEGIN> 10.38
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> (0.53)
<PER-SHARE-DIVIDEND> (0.26)
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<PER-SHARE-NAV-END> 9.85
<EXPENSE-RATIO> 1.63
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME>STF GROWTH AND INCOME CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 180,269,984
<INVESTMENTS-AT-VALUE> 174,697,259
<RECEIVABLES> 888,382
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<TOTAL-ASSETS> 175,626,498
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<ACCUMULATED-NET-GAINS> (498,701)
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<ACCUM-APPREC-OR-DEPREC> (5,572,725)
<NET-ASSETS> 172,512,849
<DIVIDEND-INCOME> 2,072,268
<INTEREST-INCOME> 207,891
<OTHER-INCOME> 0
<EXPENSES-NET> 1,253,042
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<REALIZED-GAINS-CURRENT> 4,992,993
<APPREC-INCREASE-CURRENT> (3,862,939)
<NET-CHANGE-FROM-OPS> 2,157,171
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (888,675)
<DISTRIBUTIONS-OF-GAINS> (10,906,199)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,010,101
<NUMBER-OF-SHARES-REDEEMED> (4,094,809)
<SHARES-REINVESTED> 1,082,707
<NET-CHANGE-IN-ASSETS> 47,264,105
<ACCUMULATED-NII-PRIOR> 12,275
<ACCUMULATED-GAINS-PRIOR> 6,114,098
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 625,383
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,253,042
<AVERAGE-NET-ASSETS> 158,742,717
<PER-SHARE-NAV-BEGIN> 11.30
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 0.20
<PER-SHARE-DIVIDEND> (0.06)
<PER-SHARE-DISTRIBUTIONS> (0.77)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.74
<EXPENSE-RATIO> 1.54
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME>STF GROWTH AND INCOME CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 180,269,984
<INVESTMENTS-AT-VALUE> 174,697,259
<RECEIVABLES> 888,382
<ASSETS-OTHER> 29,482
<OTHER-ITEMS-ASSETS> 11,375
<TOTAL-ASSETS> 175,626,498
<PAYABLE-FOR-SECURITIES> 1,176,238
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,937,411
<TOTAL-LIABILITIES> 3,113,649
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 178,462,315
<SHARES-COMMON-STOCK> 249,520
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 121,960
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (498,701)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (5,572,725)
<NET-ASSETS> 172,512,849
<DIVIDEND-INCOME> 2,072,268
<INTEREST-INCOME> 207,891
<OTHER-INCOME> 0
<EXPENSES-NET> 1,253,042
<NET-INVESTMENT-INCOME> 1,027,117
<REALIZED-GAINS-CURRENT> 4,992,993
<APPREC-INCREASE-CURRENT> (3,862,939)
<NET-CHANGE-FROM-OPS> 2,157,171
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,141)
<DISTRIBUTIONS-OF-GAINS> (178,420)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 243,211
<NUMBER-OF-SHARES-REDEEMED> (10,509)
<SHARES-REINVESTED> 16,818
<NET-CHANGE-IN-ASSETS> 47,264,105
<ACCUMULATED-NII-PRIOR> 12,275
<ACCUMULATED-GAINS-PRIOR> 6,114,098
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 625,383
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,253,042
<AVERAGE-NET-ASSETS> 158,742,717
<PER-SHARE-NAV-BEGIN> 11.30
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 0.20
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> (0.77)
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<PER-SHARE-NAV-END> 10.73
<EXPENSE-RATIO> 2.29
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME>STF GROWTH AND INCOME CLASS S
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 180,269,984
<INVESTMENTS-AT-VALUE> 174,697,259
<RECEIVABLES> 888,382
<ASSETS-OTHER> 29,482
<OTHER-ITEMS-ASSETS> 11,375
<TOTAL-ASSETS> 175,626,498
<PAYABLE-FOR-SECURITIES> 1,176,238
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<OTHER-ITEMS-LIABILITIES> 1,937,411
<TOTAL-LIABILITIES> 3,113,649
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 178,462,315
<SHARES-COMMON-STOCK> 728,937
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 121,960
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (498,701)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (5,572,725)
<NET-ASSETS> 172,512,849
<DIVIDEND-INCOME> 2,072,268
<INTEREST-INCOME> 207,891
<OTHER-INCOME> 0
<EXPENSES-NET> 1,253,042
<NET-INVESTMENT-INCOME> 1,027,117
<REALIZED-GAINS-CURRENT> 4,992,993
<APPREC-INCREASE-CURRENT> (3,862,939)
<NET-CHANGE-FROM-OPS> 2,157,171
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (21,616)
<DISTRIBUTIONS-OF-GAINS> (521,173)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 765,011
<NUMBER-OF-SHARES-REDEEMED> (85,853)
<SHARES-REINVESTED> 49,779
<NET-CHANGE-IN-ASSETS> 47,264,105
<ACCUMULATED-NII-PRIOR> 12,275
<ACCUMULATED-GAINS-PRIOR> 6,114,098
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 625,383
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,253,042
<AVERAGE-NET-ASSETS> 158,742,717
<PER-SHARE-NAV-BEGIN> 11.30
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 0.20
<PER-SHARE-DIVIDEND> (0.04)
<PER-SHARE-DISTRIBUTIONS> (0.77)
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<PER-SHARE-NAV-END> 10.73
<EXPENSE-RATIO> 2.29
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> STF Corporate Income Class A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 425,322,364
<INVESTMENTS-AT-VALUE> 391,553,762
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<ASSETS-OTHER> 61,252
<OTHER-ITEMS-ASSETS> 360,509
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<PAYABLE-FOR-SECURITIES> 7,326,727
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 19,772,514
<TOTAL-LIABILITIES> 27,099,241
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<PAID-IN-CAPITAL-COMMON> 440,588,472
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<SHARES-COMMON-PRIOR> 47,873,806
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<INTEREST-INCOME> 19,806,607
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<EXPENSES-NET> 2,504,176
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<REALIZED-GAINS-CURRENT> (21,478,736)
<APPREC-INCREASE-CURRENT> 1,652,336
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<NUMBER-OF-SHARES-REDEEMED> (15,454,086)
<SHARES-REINVESTED> 1,107,494
<NET-CHANGE-IN-ASSETS> (96,602,257)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (741,789)
<OVERDIST-NET-GAINS-PRIOR> (8,805,839)
<GROSS-ADVISORY-FEES> 1,407,119
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<GROSS-EXPENSE> 3,009,889
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<PER-SHARE-NAV-BEGIN> 9.87
<PER-SHARE-NII> 0.41
<PER-SHARE-GAIN-APPREC> (0.44)
<PER-SHARE-DIVIDEND> (0.41)
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<PER-SHARE-NAV-END> 9.43
<EXPENSE-RATIO> 1.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> STF Corporate Income Class B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 425,322,364
<INVESTMENTS-AT-VALUE> 391,553,762
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<OTHER-ITEMS-ASSETS> 360,509
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<TOTAL-LIABILITIES> 27,099,241
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<PAID-IN-CAPITAL-COMMON> 440,588,472
<SHARES-COMMON-STOCK> 789,329
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<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> (30,284,575)
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<ACCUM-APPREC-OR-DEPREC> (33,778,591)
<NET-ASSETS> 375,916,506
<DIVIDEND-INCOME> 122,868
<INTEREST-INCOME> 19,806,607
<OTHER-INCOME> 698,750
<EXPENSES-NET> 2,504,176
<NET-INVESTMENT-INCOME> 18,124,049
<REALIZED-GAINS-CURRENT> (21,478,736)
<APPREC-INCREASE-CURRENT> 1,652,336
<NET-CHANGE-FROM-OPS> (1,702,351)
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<DISTRIBUTIONS-OF-INCOME> (137,740)
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<NUMBER-OF-SHARES-SOLD> 825,315
<NUMBER-OF-SHARES-REDEEMED> (41,828)
<SHARES-REINVESTED> 5,842
<NET-CHANGE-IN-ASSETS> (96,602,257)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (741,789)
<OVERDIST-NET-GAINS-PRIOR> (8,805,839)
<GROSS-ADVISORY-FEES> 1,407,119
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,009,889
<AVERAGE-NET-ASSETS> 429,430,344
<PER-SHARE-NAV-BEGIN> 9.87
<PER-SHARE-NII> 0.37
<PER-SHARE-GAIN-APPREC> (0.44)
<PER-SHARE-DIVIDEND> (0.37)
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<PER-SHARE-NAV-END> 9.43
<EXPENSE-RATIO> 1.90
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> STF Corporate Income Class S
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 425,322,364
<INVESTMENTS-AT-VALUE> 391,553,762
<RECEIVABLES> 11,040,224
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<OTHER-ITEMS-ASSETS> 360,509
<TOTAL-ASSETS> 403,015,747
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<OTHER-ITEMS-LIABILITIES> 19,772,514
<TOTAL-LIABILITIES> 27,099,241
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<PAID-IN-CAPITAL-COMMON> 440,588,472
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<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (608,800)
<ACCUMULATED-NET-GAINS> (30,284,575)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (33,778,591)
<NET-ASSETS> 375,916,506
<DIVIDEND-INCOME> 122,868
<INTEREST-INCOME> 19,806,607
<OTHER-INCOME> 698,750
<EXPENSES-NET> 2,504,176
<NET-INVESTMENT-INCOME> 18,124,049
<REALIZED-GAINS-CURRENT> (21,478,736)
<APPREC-INCREASE-CURRENT> 1,652,336
<NET-CHANGE-FROM-OPS> (1,702,351)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (104,769)
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 670,560
<NUMBER-OF-SHARES-REDEEMED> (173,269)
<SHARES-REINVESTED> 9,620
<NET-CHANGE-IN-ASSETS> (96,602,257)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> (741,789)
<OVERDIST-NET-GAINS-PRIOR> (8,805,839)
<GROSS-ADVISORY-FEES> 1,407,119
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,009,889
<AVERAGE-NET-ASSETS> 429,430,344
<PER-SHARE-NAV-BEGIN> 9.87
<PER-SHARE-NII> 0.37
<PER-SHARE-GAIN-APPREC> (0.44)
<PER-SHARE-DIVIDEND> (0.37)
<PER-SHARE-DISTRIBUTIONS> 0.00
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<PER-SHARE-NAV-END> 9.43
<EXPENSE-RATIO> 1.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> STF NATIONAL MUNI CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 287,621,171
<INVESTMENTS-AT-VALUE> 275,706,566
<RECEIVABLES> 5,202,033
<ASSETS-OTHER> 91,059
<OTHER-ITEMS-ASSETS> 743,623
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<OTHER-ITEMS-LIABILITIES> 1,679,922
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<PAID-IN-CAPITAL-COMMON> 293,298,895
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<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1,395,536)
<ACCUM-APPREC-OR-DEPREC> (11,866,785)
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<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 11,269,385
<OTHER-INCOME> 0
<EXPENSES-NET> 1,477,193
<NET-INVESTMENT-INCOME> 9,792,192
<REALIZED-GAINS-CURRENT> 1,356,382
<APPREC-INCREASE-CURRENT> (15,508,791)
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<DISTRIBUTIONS-OF-INCOME> (9,745,867)
<DISTRIBUTIONS-OF-GAINS> (2,800,062)
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<NUMBER-OF-SHARES-SOLD> 3,141,919
<NUMBER-OF-SHARES-REDEEMED> (9,649,009)
<SHARES-REINVESTED> 791,893
<NET-CHANGE-IN-ASSETS> (74,437,831)
<ACCUMULATED-NII-PRIOR> 16,664
<ACCUMULATED-GAINS-PRIOR> 74,418
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 892,205
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,089,363
<AVERAGE-NET-ASSETS> 321,822,805
<PER-SHARE-NAV-BEGIN> 10.85
<PER-SHARE-NII> 0.32
<PER-SHARE-GAIN-APPREC> (0.45)
<PER-SHARE-DIVIDEND> (0.32)
<PER-SHARE-DISTRIBUTIONS> (0.11)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.29
<EXPENSE-RATIO> 0.91
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> STF NATIONAL MUNI CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 287,621,171
<INVESTMENTS-AT-VALUE> 275,706,566
<RECEIVABLES> 5,202,033
<ASSETS-OTHER> 91,059
<OTHER-ITEMS-ASSETS> 743,623
<TOTAL-ASSETS> 281,743,281
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,679,922
<TOTAL-LIABILITIES> 1,679,922
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 293,298,895
<SHARES-COMMON-STOCK> 252,045
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 26,785
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1,395,536)
<ACCUM-APPREC-OR-DEPREC> (11,866,785)
<NET-ASSETS> 280,063,359
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 11,269,385
<OTHER-INCOME> 0
<EXPENSES-NET> 1,477,193
<NET-INVESTMENT-INCOME> 9,792,192
<REALIZED-GAINS-CURRENT> 1,356,382
<APPREC-INCREASE-CURRENT> (15,508,791)
<NET-CHANGE-FROM-OPS> (4,360,217)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (35,944)
<DISTRIBUTIONS-OF-GAINS> (26,174)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 291,728
<NUMBER-OF-SHARES-REDEEMED> (44,062)
<SHARES-REINVESTED> 4,379
<NET-CHANGE-IN-ASSETS> (74,437,831)
<ACCUMULATED-NII-PRIOR> 16,664
<ACCUMULATED-GAINS-PRIOR> 74,418
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 892,205
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,089,363
<AVERAGE-NET-ASSETS> 321,822,805
<PER-SHARE-NAV-BEGIN> 10.85
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> (0.45)
<PER-SHARE-DIVIDEND> (0.28)
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<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.29
<EXPENSE-RATIO> 1.66
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> STF NATIONAL MUNI CLASS S
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 287,621,171
<INVESTMENTS-AT-VALUE> 275,706,566
<RECEIVABLES> 5,202,033
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<TOTAL-ASSETS> 281,743,281
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<OTHER-ITEMS-LIABILITIES> 1,679,922
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 293,298,895
<SHARES-COMMON-STOCK> 957
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 26,785
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1,395,536)
<ACCUM-APPREC-OR-DEPREC> (11,866,785)
<NET-ASSETS> 280,063,359
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 11,269,385
<OTHER-INCOME> 0
<EXPENSES-NET> 1,477,193
<NET-INVESTMENT-INCOME> 9,792,192
<REALIZED-GAINS-CURRENT> 1,356,382
<APPREC-INCREASE-CURRENT> (15,508,791)
<NET-CHANGE-FROM-OPS> (4,360,217)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (260)
<DISTRIBUTIONS-OF-GAINS> (100)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 923
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 34
<NET-CHANGE-IN-ASSETS> (74,437,831)
<ACCUMULATED-NII-PRIOR> 16,664
<ACCUMULATED-GAINS-PRIOR> 74,418
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 892,205
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,089,363
<AVERAGE-NET-ASSETS> 321,822,805
<PER-SHARE-NAV-BEGIN> 10.85
<PER-SHARE-NII> 0.28
<PER-SHARE-GAIN-APPREC> (0.45)
<PER-SHARE-DIVIDEND> (0.28)
<PER-SHARE-DISTRIBUTIONS> (0.11)
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<PER-SHARE-NAV-END> 10.29
<EXPENSE-RATIO> 1.66
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> STF EMERG GROWTH CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 143,254,077
<INVESTMENTS-AT-VALUE> 155,890,037
<RECEIVABLES> 3,060,006
<ASSETS-OTHER> 98,816
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<TOTAL-ASSETS> 159,259,518
<PAYABLE-FOR-SECURITIES> 1,537,088
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<OTHER-ITEMS-LIABILITIES> 365,859
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<PAID-IN-CAPITAL-COMMON> 146,286,095
<SHARES-COMMON-STOCK> 10,682,891
<SHARES-COMMON-PRIOR> 9,596,185
<ACCUMULATED-NII-CURRENT> (34,572)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,568,744)
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<ACCUM-APPREC-OR-DEPREC> 12,673,792
<NET-ASSETS> 157,356,571
<DIVIDEND-INCOME> 892,231
<INTEREST-INCOME> 268,367
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<EXPENSES-NET> 1,195,163
<NET-INVESTMENT-INCOME> (34,565)
<REALIZED-GAINS-CURRENT> (1,425,822)
<APPREC-INCREASE-CURRENT> 14,037,465
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<DISTRIBUTIONS-OF-GAINS> (3,353,387)
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<NUMBER-OF-SHARES-SOLD> 6,264,796
<NUMBER-OF-SHARES-REDEEMED> (5,415,213)
<SHARES-REINVESTED> 237,123
<NET-CHANGE-IN-ASSETS> 32,416,022
<ACCUMULATED-NII-PRIOR> (7)
<ACCUMULATED-GAINS-PRIOR> 3,384,218
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 642,603
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,195,163
<AVERAGE-NET-ASSETS> 144,142,693
<PER-SHARE-NAV-BEGIN> 13.02
<PER-SHARE-NII> (0.00)
<PER-SHARE-GAIN-APPREC> 1.30
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.32)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.00
<EXPENSE-RATIO> 1.63
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> STF EMERG GROWTH CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 143,254,077
<INVESTMENTS-AT-VALUE> 155,890,037
<RECEIVABLES> 3,060,006
<ASSETS-OTHER> 98,816
<OTHER-ITEMS-ASSETS> 210,659
<TOTAL-ASSETS> 159,259,518
<PAYABLE-FOR-SECURITIES> 1,537,088
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 365,859
<TOTAL-LIABILITIES> 1,902,947
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 146,286,095
<SHARES-COMMON-STOCK> 333,649
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (34,572)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,568,744)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12,673,792
<NET-ASSETS> 157,356,571
<DIVIDEND-INCOME> 892,231
<INTEREST-INCOME> 268,367
<OTHER-INCOME> 0
<EXPENSES-NET> 1,195,163
<NET-INVESTMENT-INCOME> (34,565)
<REALIZED-GAINS-CURRENT> (1,425,822)
<APPREC-INCREASE-CURRENT> 14,037,465
<NET-CHANGE-FROM-OPS> 12,577,078
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<DISTRIBUTIONS-OF-GAINS> (103,998)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 332,098
<NUMBER-OF-SHARES-REDEEMED> (5,791)
<SHARES-REINVESTED> 7,342
<NET-CHANGE-IN-ASSETS> 32,416,022
<ACCUMULATED-NII-PRIOR> (7)
<ACCUMULATED-GAINS-PRIOR> 3,384,218
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 642,603
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,195,163
<AVERAGE-NET-ASSETS> 144,142,693
<PER-SHARE-NAV-BEGIN> 13.02
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 1.30
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.32)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.96
<EXPENSE-RATIO> 2.38
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 9
<NAME> STF EMERG GROWTH CLASS S
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 143,254,077
<INVESTMENTS-AT-VALUE> 155,890,037
<RECEIVABLES> 3,060,006
<ASSETS-OTHER> 98,816
<OTHER-ITEMS-ASSETS> 210,659
<TOTAL-ASSETS> 159,259,518
<PAYABLE-FOR-SECURITIES> 1,537,088
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 365,859
<TOTAL-LIABILITIES> 1,902,947
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 146,286,095
<SHARES-COMMON-STOCK> 223,174
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (34,572)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,568,744)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12,673,792
<NET-ASSETS> 157,356,571
<DIVIDEND-INCOME> 892,231
<INTEREST-INCOME> 268,367
<OTHER-INCOME> 0
<EXPENSES-NET> 1,195,163
<NET-INVESTMENT-INCOME> (34,565)
<REALIZED-GAINS-CURRENT> (1,425,822)
<APPREC-INCREASE-CURRENT> 14,037,465
<NET-CHANGE-FROM-OPS> 12,577,078
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NAME> STF INT'L GROWTH CLASS A
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<SERIES>
<NUMBER> 10
<NAME> STF INT'L GROWTH CLASS B
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<TABLE> <S> <C>
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<SERIES>
<NUMBER> 10
<NAME> STF INT'L GROWTH CLASS S
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> STF Short Term Global Govt Class A
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> STF Short Term Global Govt Class B
<S> <C>
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<TABLE> <S> <C>
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<SERIES>
<NUMBER> 11
<NAME> STF Short Term Global Govt Class S
<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> STF GROWTH CLASS A
<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> STF GROWTH CLASS B
<S> <C>
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<PER-SHARE-NAV-END> 11.72
<EXPENSE-RATIO> 2.48
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<AVG-DEBT-PER-SHARE> 0
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<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> STF GROWTH CLASS S
<S> <C>
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<INVESTMENTS-AT-COST> 123,316,225
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<EXPENSES-NET> 1,200,538
<NET-INVESTMENT-INCOME> 267,402
<REALIZED-GAINS-CURRENT> 5,765,169
<APPREC-INCREASE-CURRENT> 6,291,727
<NET-CHANGE-FROM-OPS> 12,324,298
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<NUMBER-OF-SHARES-SOLD> 674,082
<NUMBER-OF-SHARES-REDEEMED> (56,780)
<SHARES-REINVESTED> 155
<NET-CHANGE-IN-ASSETS> 4,931,108
<ACCUMULATED-NII-PRIOR> (284,627)
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,200,538
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<PER-SHARE-NAV-BEGIN> 10.73
<PER-SHARE-NII> (0.02)
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> STF FLORIDA INSURED MUNI CLASS A
<S> <C>
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<PERIOD-END> DEC-31-1994
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<ACCUMULATED-NET-GAINS> (2,241,089)
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<ACCUM-APPREC-OR-DEPREC> (2,447,471)
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<NET-INVESTMENT-INCOME> 1,031,497
<REALIZED-GAINS-CURRENT> (813,347)
<APPREC-INCREASE-CURRENT> (752,761)
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<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 506,571
<NUMBER-OF-SHARES-REDEEMED> (1,151,693)
<SHARES-REINVESTED> 59,432
<NET-CHANGE-IN-ASSETS> (4,890,329)
<ACCUMULATED-NII-PRIOR> 1,647
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<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 265,429
<AVERAGE-NET-ASSETS> 37,023,825
<PER-SHARE-NAV-BEGIN> 9.40
<PER-SHARE-NII> 0.26
<PER-SHARE-GAIN-APPREC> (0.37)
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<PER-SHARE-NAV-END> 9.03
<EXPENSE-RATIO> 0.39
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> STF FLORIDA INSURED MUNI CLASS B
<S> <C>
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<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 35,391,277
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<RECEIVABLES> 718,256
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<OTHER-ITEMS-ASSETS> 56,101
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<TOTAL-LIABILITIES> 161,777
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<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,241,089)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,447,471)
<NET-ASSETS> 33,651,090
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,107,816
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<EXPENSES-NET> 76,319
<NET-INVESTMENT-INCOME> 1,031,497
<REALIZED-GAINS-CURRENT> (813,347)
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<NUMBER-OF-SHARES-SOLD> 226,667
<NUMBER-OF-SHARES-REDEEMED> (19,362)
<SHARES-REINVESTED> 1,366
<NET-CHANGE-IN-ASSETS> (4,890,329)
<ACCUMULATED-NII-PRIOR> 1,647
<ACCUMULATED-GAINS-PRIOR> (1,427,742)
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<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 265,429
<AVERAGE-NET-ASSETS> 37,023,825
<PER-SHARE-NAV-BEGIN> 9.40
<PER-SHARE-NII> 0.23
<PER-SHARE-GAIN-APPREC> (0.37)
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<PER-SHARE-NAV-END> 9.03
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> STF FLORIDA INSURED MUNI CLASS S
<S> <C>
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<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 35,391,277
<INVESTMENTS-AT-VALUE> 32,946,362
<RECEIVABLES> 718,256
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<ACCUMULATED-NET-GAINS> (2,241,089)
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<INTEREST-INCOME> 1,107,816
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<EXPENSES-NET> 76,319
<NET-INVESTMENT-INCOME> 1,031,497
<REALIZED-GAINS-CURRENT> (813,347)
<APPREC-INCREASE-CURRENT> (752,761)
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<DISTRIBUTIONS-OF-INCOME> (241)
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<NUMBER-OF-SHARES-SOLD> 1,065
<NUMBER-OF-SHARES-REDEEMED> 0
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<NET-CHANGE-IN-ASSETS> (4,890,329)
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 265,429
<AVERAGE-NET-ASSETS> 37,023,825
<PER-SHARE-NAV-BEGIN> 9.40
<PER-SHARE-NII> 0.23
<PER-SHARE-GAIN-APPREC> (0.37)
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<EXPENSE-RATIO> 1.14
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 14
<NAME> STF SHT TERM HIGH QUALITY CLASS A
<S> <C>
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<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 78,586,021
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<NET-INVESTMENT-INCOME> 1,571,751
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<NUMBER-OF-SHARES-REDEEMED> (6,388,419)
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<NET-CHANGE-IN-ASSETS> 55,367,663
<ACCUMULATED-NII-PRIOR> (46,765)
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<GROSS-EXPENSE> 372,555
<AVERAGE-NET-ASSETS> 53,827,819
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<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> (0.09)
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<PER-SHARE-NAV-END> 2.30
<EXPENSE-RATIO> 0.75
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 14
<NAME> STF SHT TERM HIGH QUALITY CLASS B
<S> <C>
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<ACCUMULATED-NET-GAINS> (914,489)
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<NET-ASSETS> 77,138,568
<DIVIDEND-INCOME> 0
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<EXPENSES-NET> 213,301
<NET-INVESTMENT-INCOME> 1,571,751
<REALIZED-GAINS-CURRENT> (883,491)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 14
<NAME> STF SHT TERM HIGH QUALITY CLASS S
<S> <C>
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<FISCAL-YEAR-END> JUN-30-1995
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<INVESTMENTS-AT-COST> 78,586,021
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<NET-INVESTMENT-INCOME> 1,571,751
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 15
<NAME> STF CAL INS INTERMED MUNI CLASS A
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 15
<NAME> STF CAL INS INTERMED MUNI CLASS B
<S> <C>
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