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<PAGE> PAGE 2
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<PAGE> PAGE 7
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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 20
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063 B000500 0.0
064 A000500 Y
064 B000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
<PAGE> PAGE 21
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 1068
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 155
072 G000500 16
072 H000500 0
072 I000500 10
072 J000500 6
072 K000500 0
072 L000500 1
072 M000500 13
072 N000500 1
<PAGE> PAGE 22
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 7
072 S000500 0
072 T000500 77
072 U000500 0
072 V000500 0
072 W000500 9
072 X000500 295
072 Y000500 0
072 Z000500 773
072AA000500 0
072BB000500 0
072CC010500 0
072CC020500 0
072DD010500 773
072DD020500 0
072EE000500 0
073 A010500 0.0125
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 84
074 B000500 0
074 C000500 62276
074 D000500 0
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 100
074 K000500 0
074 L000500 798
074 M000500 4
074 N000500 63262
074 O000500 0
074 P000500 5
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 69
074 S000500 0
074 T000500 63188
074 U010500 63220
074 U020500 0
074 V010500 1.00
074 V020500 0.00
074 W000500 0.9995
<PAGE> PAGE 23
074 X000500 1557
074 Y000500 0
075 A000500 62026
075 B000500 0
076 000500 0.00
SIGNATURE RICHARD PETEKA
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC CASH RESERVES - PRIMARY PORTFOLIO SEMI-ANNUAL REPORT FOR THE PERIOD ENDED
MAY 31, 1998.
</LEGEND>
<CIK> 0000851173
<NAME> OCC CASH RESERVES
<SERIES>
<NUMBER> 1
<NAME> PRIMARY PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1998
<PERIOD-START> DEC-01-1997
<PERIOD-END> MAY-31-1998
<INVESTMENTS-AT-COST> 2211314570
<INVESTMENTS-AT-VALUE> 2211314570
<RECEIVABLES> 5338521
<ASSETS-OTHER> 180340
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2216833431
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3494626
<TOTAL-LIABILITIES> 3494626
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2213340178
<SHARES-COMMON-STOCK> 2213379348
<SHARES-COMMON-PRIOR> 2166612730
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1373)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 2213338805
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 61976737
<OTHER-INCOME> 0
<EXPENSES-NET> (8922448)
<NET-INVESTMENT-INCOME> 53054289
<REALIZED-GAINS-CURRENT> (268)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 53054021
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (53054289)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7472725040
<NUMBER-OF-SHARES-REDEEMED> (7478960292)
<SHARES-REINVESTED> 53001870
<NET-CHANGE-IN-ASSETS> 46766350
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1105)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4460655
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8923771<F1>
<AVERAGE-NET-ASSETS> 2186454641
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .024
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.024)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>GROSS OF EXPENSES OFFSET - $1,323.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC CASH RESERVES - GENERAL MUNICIPAL PORTFOLIO SEMI ANNUAL REPORT FOR THE
PERIOD ENDED MAY 31, 1998.
</LEGEND>
<CIK> 0000851173
<NAME> OCC CASH RESERVES
<SERIES>
<NUMBER> 2
<NAME> GENERAL MUNICIPAL PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1998
<PERIOD-START> DEC-01-1997
<PERIOD-END> MAY-31-1998
<INVESTMENTS-AT-COST> 158,785,224
<INVESTMENTS-AT-VALUE> 158,785,224
<RECEIVABLES> 1,328,542
<ASSETS-OTHER> 330,509
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 160,444,275
<PAYABLE-FOR-SECURITIES> 4,406,391
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 187,130
<TOTAL-LIABILITIES> 4,593,521
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 155,931,890
<SHARES-COMMON-STOCK> 155,944,882
<SHARES-COMMON-PRIOR> 137,064,901
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (81,136)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 155,850,754
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,829,567
<OTHER-INCOME> 0
<EXPENSES-NET> (716,109)
<NET-INVESTMENT-INCOME> 2,113,458
<REALIZED-GAINS-CURRENT> (872)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2,112,586
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,113,458)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 566,863,224
<NUMBER-OF-SHARES-REDEEMED> (550,088,733)
<SHARES-REINVESTED> 2,105,490
<NET-CHANGE-IN-ASSETS> 18,879,109
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (80,264)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 377,942
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 718,072<F1>
<AVERAGE-NET-ASSETS> 157,324,461
<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> .92
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>GROSS OF EXPENSES OFFSET - $1,963.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC CASH RESERVES - GOVERNMENT PORTFOLIO SEMI-ANNUAL REPORT FOR THE PERIOD ENDED
MAY 31,1998.
</LEGEND>
<CIK> 0000851173
<NAME> OCC CASH RESERVES
<SERIES>
<NUMBER> 3
<NAME> GOVERNMENT PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1998
<PERIOD-START> DEC-01-1997
<PERIOD-END> MAY-31-1998
<INVESTMENTS-AT-COST> 91063071
<INVESTMENTS-AT-VALUE> 91063071
<RECEIVABLES> 73456
<ASSETS-OTHER> 123729
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 91260256
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 157333
<TOTAL-LIABILITIES> 157333
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 91103069
<SHARES-COMMON-STOCK> 91125262
<SHARES-COMMON-PRIOR> 100000675
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (146)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 91102923
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2718728
<OTHER-INCOME> 0
<EXPENSES-NET> (468599)
<NET-INVESTMENT-INCOME> 2250129
<REALIZED-GAINS-CURRENT> 117
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2250246
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2250129)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 331839251
<NUMBER-OF-SHARES-REDEEMED> (342978245)
<SHARES-REINVESTED> 2263581
<NET-CHANGE-IN-ASSETS> (8875296)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (263)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 242533
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 469775(F1)
<AVERAGE-NET-ASSETS> 97444771
<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> .97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>GROSS OF EXPENSES OFFSET - $1,176.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC CASH RESERVES - NEW YORK MUNICIPAL PORTFOLIO SEMI-ANNUAL REPORT FOR THE
PERIOD ENDED MAY 31, 1998.
</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-30-1998
<PERIOD-START> DEC-01-1997
<PERIOD-END> MAY-31-1998
<INVESTMENTS-AT-COST> 66,122,953
<INVESTMENTS-AT-VALUE> 66,122,953
<RECEIVABLES> 736,061
<ASSETS-OTHER> 319,938
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 67,178,952
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 91,750
<TOTAL-LIABILITIES> 91,750
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 67,111,797
<SHARES-COMMON-STOCK> 67,111,797
<SHARES-COMMON-PRIOR> 73,263,311
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (24,595)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 67,087,202
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,336,022
<OTHER-INCOME> 0
<EXPENSES-NET> (365,835)
<NET-INVESTMENT-INCOME> 970,187
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 970,187
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (970,187)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 255,623,816
<NUMBER-OF-SHARES-REDEEMED> (262,756,323)
<SHARES-REINVESTED> 980,993
<NET-CHANGE-IN-ASSETS> (6,151,514)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (24,595)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 189,470
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 367,577<F1>
<AVERAGE-NET-ASSETS> 75,996,133
<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> .97
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>GROSS OF EXPENSES OFFSET - $1,742.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
OCC CASH RESERVES - CALIFORNIA MUNICIPAL PORTFOLIO SEMI-ANNUAL REPORT FOR THE
PERIOD ENDED MAY 31, 1998.
</LEGEND>
<CIK> 0000851173
<NAME> OCC CASH RESERVES
<SERIES>
<NUMBER> 5
<NAME> CALIFORNIA MUNICIPAL PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1998
<PERIOD-START> DEC-01-1997
<PERIOD-END> MAY-31-1998
<INVESTMENTS-AT-COST> 62,276,177
<INVESTMENTS-AT-VALUE> 62,276,177
<RECEIVABLES> 897,609
<ASSETS-OTHER> 88,363
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 63,262,149
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 73,893
<TOTAL-LIABILITIES> 73,893
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,219,703
<SHARES-COMMON-STOCK> 63,219,704
<SHARES-COMMON-PRIOR> 55,744,781
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (31,447)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 63,188,256
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,067,409
<OTHER-INCOME> 0
<EXPENSES-NET> (294,644)
<NET-INVESTMENT-INCOME> 772,765
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 772,765
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (772,765)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 231,361,509
<NUMBER-OF-SHARES-REDEEMED> (224,656,857)
<SHARES-REINVESTED> 770,271
<NET-CHANGE-IN-ASSETS> 7,474,923
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (31,447)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 154,640
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 295,726<F1>
<AVERAGE-NET-ASSETS> 62,025,985
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .012
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.012)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .96
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>GROSS OF EXPENSES OFFSET - $1,082.
</FN>
</TABLE>
