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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 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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063 B000500 0.0
064 A000500 Y
064 B000500 N
<PAGE> PAGE 21
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 0
071 B000500 0
071 C000500 0
071 D000500 0
072 A000500 6
072 B000500 919
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 132
072 G000500 13
072 H000500 0
072 I000500 7
072 J000500 6
072 K000500 0
<PAGE> PAGE 22
072 L000500 1
072 M000500 13
072 N000500 1
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 8
072 S000500 1
072 T000500 66
072 U000500 0
072 V000500 0
072 W000500 13
072 X000500 261
072 Y000500 32
072 Z000500 690
072AA000500 1
072BB000500 0
072CC010500 0
072CC020500 0
072DD010500 690
072DD020500 0
072EE000500 0
073 A010500 0.0130
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 71
074 B000500 0
074 C000500 53615
074 D000500 0
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 754
074 M000500 5
074 N000500 54445
074 O000500 748
074 P000500 8
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 93
074 S000500 0
074 T000500 53596
074 U010500 53627
074 U020500 0
<PAGE> PAGE 23
074 V010500 1.00
074 V020500 0.00
074 W000500 0.9994
074 X000500 17
074 Y000500 0
075 A000500 53091
075 B000500 0
076 000500 0.00
SIGNATURE RICHARD L. PETEKA
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC CASH RESERVES - CALIFORNIA MUNICIPAL PORTFOLIO, SEMI-ANNUAL REPORT FOR
THE SIX MONTHS ENDED MAY 31, 1997
</LEGEND>
<CIK> 0000851173
<NAME> OCC CASH RESERVES
<SERIES>
<NUMBER> 5
<NAME> CALIFORNIA MUNICIPAL PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 53615265
<INVESTMENTS-AT-VALUE> 53615265
<RECEIVABLES> 753621
<ASSETS-OTHER> 76287
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 54445173
<PAYABLE-FOR-SECURITIES> 747927
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 101575
<TOTAL-LIABILITIES> 849502
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53626524
<SHARES-COMMON-STOCK> 53626525
<SHARES-COMMON-PRIOR> 53391512
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (30853)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 53595671
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 918527
<OTHER-INCOME> 0
<EXPENSES-NET> (228892)
<NET-INVESTMENT-INCOME> 689635
<REALIZED-GAINS-CURRENT> 1
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 689636
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (689635)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 167544798
<NUMBER-OF-SHARES-REDEEMED> (167972827)
<SHARES-REINVESTED> 663042
<NET-CHANGE-IN-ASSETS> 235014
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (30854)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 132364
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 262358<F1>
<AVERAGE-NET-ASSETS> 53091065
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.013
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.013)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Gross of Expense offsets - $1644.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC CASH RESERVES - GENERAL MUNICIPAL PORTFOLIO SEMI-ANNUAL REPORT FOR THE
SIX MONTHS ENDED MAY 31, 1997.
</LEGEND>
<CIK> 0000851173
<NAME> OCC CASH RESERVES
<SERIES>
<NUMBER> 2
<NAME> GENERAL MUNICIPAL PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 129997995
<INVESTMENTS-AT-VALUE> 129997995
<RECEIVABLES> 1699304
<ASSETS-OTHER> 122052
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 131819351
<PAYABLE-FOR-SECURITIES> 1607622
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 230277
<TOTAL-LIABILITIES> 1837899
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 130072830
<SHARES-COMMON-STOCK> 130073496
<SHARES-COMMON-PRIOR> 122373195
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (91378)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 129981452
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2392459
<OTHER-INCOME> 0
<EXPENSES-NET> (648020)
<NET-INVESTMENT-INCOME> 1744439
<REALIZED-GAINS-CURRENT> (640)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1743799
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1744439)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 441956672
<NUMBER-OF-SHARES-REDEEMED> (435925272)
<SHARES-REINVESTED> 1668900
<NET-CHANGE-IN-ASSETS> 7699660
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (90738)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 325458
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 652469<F1>
<AVERAGE-NET-ASSETS> 133934354
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .013
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.013)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Gross Expense offsets - $2192.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC CASH RESERVES GOVERNMENT PORTFOLIO SEMI-ANNUAL REPORT FOR THE
SIX MONTHS ENDED MAY 31, 1997.
</LEGEND>
<CIK> 0000851173
<NAME> OCC CASH RESERVES
<SERIES>
<NUMBER> 3
<NAME> GOVERNMENT PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 100679986
<INVESTMENTS-AT-VALUE> 100679986
<RECEIVABLES> 192470
<ASSETS-OTHER> 207633
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 101080089
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 272052
<TOTAL-LIABILITIES> 272052
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 100808279
<SHARES-COMMON-STOCK> 100830472
<SHARES-COMMON-PRIOR> 101157835
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (242)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 100808037
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2727718
<OTHER-INCOME> 0
<EXPENSES-NET> (497258)
<NET-INVESTMENT-INCOME> 2230460
<REALIZED-GAINS-CURRENT> (104)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2230356
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2230460)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 315008650
<NUMBER-OF-SHARES-REDEEMED> (317467776)
<SHARES-REINVESTED> 2131763
<NET-CHANGE-IN-ASSETS> (327467)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (138)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 250571
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 506215<F1>
<AVERAGE-NET-ASSETS> 100862033
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .022
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.022)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>GROSS OF EXPENSE OFFSETS - $ 1,271.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC CASH RESERVES -PRIMARY PORTFOLIO SEMI-ANNUAL REPORT FOR THE SIX MONTHS ENDED
MAY 31, 1997.
</LEGEND>
<CIK> 0000851173
<NAME> OCC CASH RESERVES
<SERIES>
<NUMBER> 1
<NAME> PRIMARY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 1907936452
<INVESTMENTS-AT-VALUE> 1907936452
<RECEIVABLES> 5691587
<ASSETS-OTHER> 283764
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1913911803
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4915329
<TOTAL-LIABILITIES> 4915329
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1908996545
<SHARES-COMMON-STOCK> 1909035715
<SHARES-COMMON-PRIOR> 1712620019
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (71)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1908996474
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 50783513
<OTHER-INCOME> 0
<EXPENSES-NET> (7939909)
<NET-INVESTMENT-INCOME> 42843604
<REALIZED-GAINS-CURRENT> 17
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 42843621
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (42843604)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6329538330
<NUMBER-OF-SHARES-REDEEMED> (6174062218)
<SHARES-REINVESTED> 40939584
<NET-CHANGE-IN-ASSETS> 196415713
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (88)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3782282
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7942140<F1>
<AVERAGE-NET-ASSETS> 1846336600
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .023
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.023)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .86
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>GROSS OF EXPENSE OFFSET - $2,231.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC CASH RESERVES - NEW YORK MUNICIPAL PORTFOLIO SEMI-ANNUAL REPORT FOR THE
SIX MONTHS ENDED MAY 31, 1997.
</LEGEND>
<CIK> 0000851173
<NAME> OCC CASH RESERVES
<SERIES>
<NUMBER> 4
<NAME> NEW YORK MUNICIPAL PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-START> DEC-01-1996
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 64270537
<INVESTMENTS-AT-VALUE> 64270537
<RECEIVABLES> 568243
<ASSETS-OTHER> 56392
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 64895172
<PAYABLE-FOR-SECURITIES> 1574420
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 113522
<TOTAL-LIABILITIES> 1687942
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63231031
<SHARES-COMMON-STOCK> 63231032
<SHARES-COMMON-PRIOR> 60019923
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (23801)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 63207230
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1103404
<OTHER-INCOME> 0
<EXPENSES-NET> (302795)
<NET-INVESTMENT-INCOME> 800609
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 800609
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (800609)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 178602191
<NUMBER-OF-SHARES-REDEEMED> (176132290)
<SHARES-REINVESTED> 741207
<NET-CHANGE-IN-ASSETS> 3211108
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (23801)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 155774
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 304173<F1>
<AVERAGE-NET-ASSETS> 62480783
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.013
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (0.013)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.98
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Gross of expense offsets - $1226.
</FN>
</TABLE>
