<PAGE> PAGE 1
000 A000000 04/30/96
000 C000000 0000854850
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE STARBURST FUNDS
001 B000000 811-5900
001 C000000 4122888160
002 A000000 FEDERATED INVESTORS TOWER
002 B000000 PITTSBURGH
002 C000000 PA
002 D010000 15222
002 D020000 3779
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 THE STARBURST GOVERNMENT MONEY MARKET FUND
007 C030100 N
007 C010200 2
007 C020200 THE STARBURST MONEY MARKET FUND
007 C030200 N
007 C010300 3
007 C020300 THE STARBURST MUNICIPAL INCOME FUND
007 C030300 N
007 C010400 4
007 C020400 THE STARBURST GOVERNMENT INCOME FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 COMPASS BANK
008 B00AA01 A
008 C00AA01 801-0000
008 D01AA01 BIRMINGHAM
008 D02AA01 AL
008 D03AA01 35233
010 A00AA01 FEDERATED ADMINISTRATIVE SERVICES
010 C01AA01 PITTSBURGH
010 C02AA01 PA
010 C03AA01 15222
<PAGE> PAGE 2
010 C04AA01 3779
011 A00AA01 FEDERATED SECURITIES CORP.
011 B00AA01 8-15561
011 C01AA01 PITTSBURGH
011 C02AA01 PA
011 C03AA01 15222
011 C04AA01 3779
012 A00AA01 FEDERATED SHAREHOLDER SERVICES COMPANY
012 B00AA01 84-1869
012 C01AA01 PITTSBURGH
012 C02AA01 PA
012 C03AA01 15222
012 C04AA01 3779
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 PITTSBURGH
013 B02AA01 PA
013 B03AA01 15222
013 B04AA01 5401
015 A00AA01 COMPASS BANK
015 B00AA01 C
015 C01AA01 BIRMINGHAM
015 C02AA01 AL
015 C03AA01 35233
015 E01AA01 X
018 00AA00 Y
019 A00AA00 N
019 B00AA00 0
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 BANK OF AMERICA NT & SA
022 B000001 94-1687665
022 C000001 93418
022 D000001 8991
022 A000002 FIRST BOSTON CORP.
022 B000002 13-5659485
022 C000002 64736
022 D000002 1903
022 A000003 BA SECURITIES, INC.
022 C000003 49472
022 D000003 10986
022 A000004 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000004 13-5674085
<PAGE> PAGE 3
022 C000004 37235
022 D000004 1911
022 A000005 NATIONS BANK
022 C000005 34858
022 D000005 0
022 A000006 SANWA-BGK SECURITIES CO.
022 B000006 13-3046258
022 C000006 34000
022 D000006 0
022 A000007 GOLDMAN SACHS & CO.
022 B000007 13-5108880
022 C000007 32074
022 D000007 0
022 A000008 ROBINSON-HUMPHREY COMPANY, INC.
022 B000008 58-1472560
022 C000008 24772
022 D000008 1990
022 A000009 FIRST CHICAGO CAPITAL MARKETS, INC.
022 B000009 36-3595942
022 C000009 19906
022 D000009 997
022 A000010 DEAN WITTER REYNOLDS, INC.
022 B000010 94-1671384
022 C000010 19845
022 D000010 0
023 C000000 504127
023 D000000 85500
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 N
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
034 00AA00 N
035 00AA00 0
036 B00AA00 0
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 N
054 B00AA00 N
054 C00AA00 N
054 D00AA00 N
<PAGE> PAGE 4
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 N
078 000000 N
024 000100 N
025 D000101 0
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 23131
028 A020100 20
028 A030100 0
028 A040100 28086
028 B010100 29756
028 B020100 36
028 B030100 0
028 B040100 26037
028 C010100 68768
028 C020100 22
028 C030100 0
028 C040100 35982
028 D010100 55345
028 D020100 19
028 D030100 0
<PAGE> PAGE 5
028 D040100 85063
028 E010100 88924
028 E020100 22
028 E030100 0
028 E040100 59156
028 F010100 50240
028 F020100 0
028 F030100 0
028 F040100 72992
028 G010100 316164
028 G020100 119
028 G030100 0
028 G040100 307316
028 H000100 0
029 000100 N
030 A000100 0
030 B000100 0.00
030 C000100 0.00
031 A000100 0
031 B000100 0
032 000100 0
033 000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 100
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 5
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.400
048 A010100 0
048 A020100 0.000
048 B010100 0
048 B020100 0.000
048 C010100 0
048 C020100 0.000
048 D010100 0
048 D020100 0.000
048 E010100 0
048 E020100 0.000
<PAGE> PAGE 6
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 0
048 K020100 0.000
062 A000100 Y
062 B000100 57.8
062 C000100 0.0
062 D000100 41.8
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
063 A000100 42
063 B000100 0.0
064 A000100 N
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
<PAGE> PAGE 7
070 J010100 Y
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 6
072 B000100 3665
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 265
072 G000100 94
072 H000100 0
072 I000100 35
072 J000100 18
072 K000100 0
072 L000100 6
072 M000100 2
072 N000100 8
072 O000100 0
072 P000100 0
072 Q000100 25
072 R000100 11
072 S000100 2
072 T000100 8
072 U000100 0
072 V000100 0
072 W000100 6
072 X000100 480
072 Y000100 3
072 Z000100 3188
072AA000100 0
072BB000100 0
072CC010100 0
<PAGE> PAGE 8
072CC020100 0
072DD010100 3045
072DD020100 143
072EE000100 0
073 A010100 0.0200
073 A020100 0.0200
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 56621
074 C000100 78179
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 0
074 M000100 1005
074 N000100 135805
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 481
074 S000100 0
074 T000100 135324
074 U010100 130586
074 U020100 4738
074 V010100 1.00
074 V020100 1.00
074 W000100 1.0000
074 X000100 488
074 Y000100 0
075 A000100 133241
075 B000100 0
076 000100 0.00
024 000200 Y
025 A000201 BANKAMERICA CORP.
025 C000201 D
025 D000201 4985
025 A000202 MERRILL LYNCH CORP.
025 C000202 D
025 D000202 4992
025 A000203 NATIONSBANK CORP.
025 C000203 D
025 D000203 996
<PAGE> PAGE 9
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 39210
028 A020200 221
028 A030200 0
028 A040200 46941
028 B010200 43075
028 B020200 217
028 B030200 0
028 B040200 62107
028 C010200 43863
028 C020200 182
028 C030200 0
028 C040200 51310
028 D010200 54464
028 D020200 157
028 D030200 0
028 D040200 47576
028 E010200 57360
028 E020200 143
028 E030200 0
028 E040200 88572
028 F010200 64253
028 F020200 0
028 F030200 0
028 F040200 52702
028 G010200 302225
028 G020200 920
028 G030200 0
028 G040200 349208
028 H000200 0
029 000200 N
030 A000200 0
030 B000200 0.00
030 C000200 0.00
031 A000200 0
031 B000200 0
032 000200 0
033 000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 Y
041 000200 Y
042 A000200 0
042 B000200 0
042 C000200 100
042 D000200 0
<PAGE> PAGE 10
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 34
044 000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.400
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
062 A000200 Y
062 B000200 1.3
062 C000200 0.0
062 D000200 12.7
062 E000200 0.0
062 F000200 3.3
062 G000200 0.0
062 H000200 0.0
062 I000200 53.5
062 J000200 0.0
062 K000200 0.0
062 L000200 29.1
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 56
<PAGE> PAGE 11
063 B000200 0.0
064 A000200 N
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 N
070 K020200 N
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 4733
072 C000200 0
072 D000200 0
072 E000200 0
072 F000200 334
072 G000200 118
072 H000200 0
072 I000200 31
<PAGE> PAGE 12
072 J000200 23
072 K000200 0
072 L000200 5
072 M000200 0
072 N000200 6
072 O000200 0
072 P000200 0
072 Q000200 23
072 R000200 10
072 S000200 2
072 T000200 57
072 U000200 0
072 V000200 0
072 W000200 4
072 X000200 613
072 Y000200 23
072 Z000200 4143
072AA000200 0
072BB000200 0
072CC010200 0
072CC020200 0
072DD010200 3040
072DD020200 1103
072EE000200 0
073 A010200 0.0200
073 A020200 0.0200
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 19116
074 C000200 131009
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 709
074 M000200 0
074 N000200 150834
074 O000200 0
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 549
074 S000200 0
074 T000200 150285
<PAGE> PAGE 13
074 U010200 116585
074 U020200 33700
074 V010200 1.00
074 V020200 1.00
074 W000200 0.9998
074 X000200 2276
074 Y000200 0
075 A000200 122225
075 B000200 0
076 000200 0.00
024 000300 N
025 D000301 0
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 10
028 A020300 46
028 A030300 0
028 A040300 677
028 B010300 5
028 B020300 44
028 B030300 0
028 B040300 645
028 C010300 14
028 C020300 42
028 C030300 0
028 C040300 945
028 D010300 6
028 D020300 43
028 D030300 0
028 D040300 464
028 E010300 9
028 E020300 39
028 E030300 0
028 E040300 455
028 F010300 10
028 F020300 0
028 F030300 0
028 F040300 711
028 G010300 54
028 G020300 214
028 G030300 0
028 G040300 3897
028 H000300 56
029 000300 Y
030 A000300 1
030 B000300 2.50
<PAGE> PAGE 14
030 C000300 0.00
031 A000300 0
031 B000300 0
032 000300 1
033 000300 0
037 000300 N
038 000300 0
039 000300 N
040 000300 Y
041 000300 N
042 A000300 0
042 B000300 0
042 C000300 0
042 D000300 0
042 E000300 0
042 F000300 0
042 G000300 0
042 H000300 0
043 000300 0
044 000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.750
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
062 A000300 Y
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 1.0
<PAGE> PAGE 15
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 97.5
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 10.0
064 A000300 Y
064 B000300 N
070 A010300 Y
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 N
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
<PAGE> PAGE 16
070 R010300 N
070 R020300 N
071 A000300 614
071 B000300 3704
071 C000300 17183
071 D000300 4
072 A000300 6
072 B000300 439
072 C000300 0
072 D000300 0
072 E000300 0
072 F000300 66
072 G000300 25
072 H000300 0
072 I000300 22
072 J000300 0
072 K000300 0
072 L000300 5
072 M000300 2
072 N000300 7
072 O000300 0
072 P000300 0
072 Q000300 22
072 R000300 7
072 S000300 3
072 T000300 25
072 U000300 0
072 V000300 0
072 W000300 1
072 X000300 185
072 Y000300 113
072 Z000300 367
072AA000300 101
072BB000300 0
072CC010300 328
072CC020300 0
072DD010300 367
072DD020300 0
072EE000300 0
073 A010300 0.2200
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 0
074 C000300 162
074 D000300 15244
074 E000300 0
074 F000300 0
074 G000300 0
074 H000300 0
<PAGE> PAGE 17
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 278
074 M000300 1
074 N000300 15685
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 55
074 S000300 0
074 T000300 15630
074 U010300 1487
074 U020300 0
074 V010300 10.51
074 V020300 0.00
074 W000300 0.0000
074 X000300 859
074 Y000300 0
075 A000300 0
075 B000300 17618
076 000300 0.00
024 000400 N
025 D000401 0
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 176
028 A020400 231
028 A030400 0
028 A040400 796
028 B010400 79
028 B020400 171
028 B030400 0
028 B040400 703
028 C010400 71
028 C020400 162
028 C030400 0
028 C040400 2699
028 D010400 664
028 D020400 149
028 D030400 0
028 D040400 680
028 E010400 33
<PAGE> PAGE 18
028 E020400 140
028 E030400 0
028 E040400 2866
028 F010400 25
028 F020400 0
028 F030400 0
028 F040400 1994
028 G010400 1048
028 G020400 853
028 G030400 0
028 G040400 9738
028 H000400 1058
029 000400 Y
030 A000400 10
030 B000400 2.50
030 C000400 0.00
031 A000400 2
031 B000400 0
032 000400 8
033 000400 0
037 000400 N
038 000400 0
039 000400 N
040 000400 Y
041 000400 N
042 A000400 0
042 B000400 0
042 C000400 0
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 0
043 000400 0
044 000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.750
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
048 E020400 0.000
048 F010400 0
048 F020400 0.000
<PAGE> PAGE 19
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 1.2
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 50.1
062 N000400 45.8
062 O000400 0.0
062 P000400 0.0
062 Q000400 1.6
062 R000400 0.0
063 A000400 0
063 B000400 7.8
064 A000400 N
070 A010400 Y
070 A020400 Y
070 B010400 N
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
<PAGE> PAGE 20
070 K010400 Y
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 36600
071 B000400 44563
071 C000400 59124
071 D000400 62
072 A000400 6
072 B000400 2130
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 226
072 G000400 43
072 H000400 0
072 I000400 52
072 J000400 12
072 K000400 0
072 L000400 5
072 M000400 2
072 N000400 7
072 O000400 0
072 P000400 0
072 Q000400 21
072 R000400 9
072 S000400 2
072 T000400 75
072 U000400 0
072 V000400 0
072 W000400 5
072 X000400 459
072 Y000400 151
072 Z000400 1822
072AA000400 453
072BB000400 0
072CC010400 0
072CC020400 1940
072DD010400 1822
<PAGE> PAGE 21
072DD020400 0
072EE000400 0
073 A010400 0.3000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 1
074 B000400 632
074 C000400 0
074 D000400 52860
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 978
074 M000400 5
074 N000400 54476
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 280
074 S000400 0
074 T000400 54196
074 U010400 5606
074 U020400 0
074 V010400 9.67
074 V020400 0.00
074 W000400 0.0000
074 X000400 1989
074 Y000400 0
075 A000400 0
075 B000400 60219
076 000400 0.00
SIGNATURE S. ELLIOTT COHAN
TITLE ASST. GEN. COUNSEL
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 011
<NAME> The Starburst Funds
The Starburst Government Money Market Fund
Trust Shares
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Oct-31-1996
<PERIOD-END> Apr-30-1996
<INVESTMENTS-AT-COST> 134,799,605
<INVESTMENTS-AT-VALUE> 134,799,605
<RECEIVABLES> 1,005,303
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 135,804,908
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 481,013
<TOTAL-LIABILITIES> 481,013
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 135,323,895
<SHARES-COMMON-STOCK> 130,586,394
<SHARES-COMMON-PRIOR> 121,073,863
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 135,323,895
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,664,617
<OTHER-INCOME> 0
<EXPENSES-NET> 476,761
<NET-INVESTMENT-INCOME> 3,187,856
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3,187,856
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,045,006
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 288,184,365
<NUMBER-OF-SHARES-REDEEMED> 278,671,834
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 8,966,429
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 265,026
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 479,841
<AVERAGE-NET-ASSETS> 127,048,208
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.020
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.71
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 012
<NAME> The Starburst Funds
The Starburst Government Money Market Fund
Investment Shares
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Oct-31-1996
<PERIOD-END> Apr-30-1996
<INVESTMENTS-AT-COST> 134,799,605
<INVESTMENTS-AT-VALUE> 134,799,605
<RECEIVABLES> 1,005,303
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 135,804,908
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 481,013
<TOTAL-LIABILITIES> 481,013
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 135,323,895
<SHARES-COMMON-STOCK> 4,737,501
<SHARES-COMMON-PRIOR> 5,283,603
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 135,323,895
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 3,664,617
<OTHER-INCOME> 0
<EXPENSES-NET> 476,761
<NET-INVESTMENT-INCOME> 3,187,856
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 3,187,856
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 142,850
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 27,979,181
<NUMBER-OF-SHARES-REDEEMED> 28,644,411
<SHARES-REINVESTED> 119,128
<NET-CHANGE-IN-ASSETS> 8,966,429
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 265,026
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 479,841
<AVERAGE-NET-ASSETS> 6,192,769
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.020
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.86
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 021
<NAME> The Starburst Funds
The Starburst Money Market Fund
Trust Shares
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Oct-31-1996
<PERIOD-END> Apr-30-1996
<INVESTMENTS-AT-COST> 150,125,162
<INVESTMENTS-AT-VALUE> 150,125,162
<RECEIVABLES> 708,662
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 150,833,824
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 548,352
<TOTAL-LIABILITIES> 548,352
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 150,285,472
<SHARES-COMMON-STOCK> 116,585,147
<SHARES-COMMON-PRIOR> 141,434,536
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 150,285,472
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,733,379
<OTHER-INCOME> 0
<EXPENSES-NET> 590,542
<NET-INVESTMENT-INCOME> 4,142,837
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 4,142,837
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,040,175
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 135,069,603
<NUMBER-OF-SHARES-REDEEMED> 159,918,992
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (46,062,939)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 334,118
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 613,293
<AVERAGE-NET-ASSETS> 122,225,451
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.020
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.67
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 022
<NAME> The Starburst Funds
The Starburst Money Market Fund
Investment Shares
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Oct-31-1996
<PERIOD-END> Apr-30-1996
<INVESTMENTS-AT-COST> 150,125,162
<INVESTMENTS-AT-VALUE> 150,125,162
<RECEIVABLES> 708,662
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 150,833,824
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 548,352
<TOTAL-LIABILITIES> 548,352
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 150,285,472
<SHARES-COMMON-STOCK> 33,700,325
<SHARES-COMMON-PRIOR> 54,913,875
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 150,285,472
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,733,379
<OTHER-INCOME> 0
<EXPENSES-NET> 590,542
<NET-INVESTMENT-INCOME> 4,142,837
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 4,142,837
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,102,662
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 167,155,692
<NUMBER-OF-SHARES-REDEEMED> 189,289,086
<SHARES-REINVESTED> 919,844
<NET-CHANGE-IN-ASSETS> (46,062,939)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 334,118
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 613,293
<AVERAGE-NET-ASSETS> 45,751,347
<PER-SHARE-NAV-BEGIN> 1.000
<PER-SHARE-NII> 0.020
<PER-SHARE-GAIN-APPREC> 0.000
<PER-SHARE-DIVIDEND> 0.020
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 1.000
<EXPENSE-RATIO> 0.82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> The Starburst Funds
The Starburst Municipal Income Fund
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Oct-31-1996
<PERIOD-END> Apr-30-1996
<INVESTMENTS-AT-COST> 15,175,597
<INVESTMENTS-AT-VALUE> 15,406,163
<RECEIVABLES> 277,820
<ASSETS-OTHER> 901
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 15,684,884
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 54,560
<TOTAL-LIABILITIES> 54,560
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 15,630,060
<SHARES-COMMON-STOCK> 1,487,202
<SHARES-COMMON-PRIOR> 1,827,345
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (230,302)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 230,566
<NET-ASSETS> 15,630,324
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 438,904
<OTHER-INCOME> 0
<EXPENSES-NET> 72,447
<NET-INVESTMENT-INCOME> 366,457
<REALIZED-GAINS-CURRENT> 101,281
<APPREC-INCREASE-CURRENT> (328,357)
<NET-CHANGE-FROM-OPS> 139,381
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 366,457
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,110
<NUMBER-OF-SHARES-REDEEMED> 365,234
<SHARES-REINVESTED> 19,981
<NET-CHANGE-IN-ASSETS> (3,855,369)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (331,583)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 66,032
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 185,389
<AVERAGE-NET-ASSETS> 17,618,245
<PER-SHARE-NAV-BEGIN> 10.660
<PER-SHARE-NII> 0.220
<PER-SHARE-GAIN-APPREC> (0.150)
<PER-SHARE-DIVIDEND> 0.220
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 10.510
<EXPENSE-RATIO> 0.82
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
<TABLE> <S> <C>
<S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> The Starburst Funds
The Starburst Government Income Fund
<PERIOD-TYPE> 6-mos
<FISCAL-YEAR-END> Oct-31-1996
<PERIOD-END> Apr-30-1996
<INVESTMENTS-AT-COST> 55,447,114
<INVESTMENTS-AT-VALUE> 53,491,933
<RECEIVABLES> 978,349
<ASSETS-OTHER> 5,863
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 54,476,145
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 279,914
<TOTAL-LIABILITIES> 279,914
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59,069,149
<SHARES-COMMON-STOCK> 5,606,052
<SHARES-COMMON-PRIOR> 6,401,551
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2,917,737)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,955,181)
<NET-ASSETS> 54,196,231
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,130,912
<OTHER-INCOME> 0
<EXPENSES-NET> 308,609
<NET-INVESTMENT-INCOME> 1,822,303
<REALIZED-GAINS-CURRENT> 453,445
<APPREC-INCREASE-CURRENT> (1,940,208)
<NET-CHANGE-FROM-OPS> 335,540
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,822,303
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 105,462
<NUMBER-OF-SHARES-REDEEMED> 986,688
<SHARES-REINVESTED> 85,727
<NET-CHANGE-IN-ASSETS> (9,324,586)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (3,371,182)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 225,916
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 459,219
<AVERAGE-NET-ASSETS> 60,218,688
<PER-SHARE-NAV-BEGIN> 9.920
<PER-SHARE-NII> 0.300
<PER-SHARE-GAIN-APPREC> (0.250)
<PER-SHARE-DIVIDEND> 0.300
<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 9.670
<EXPENSE-RATIO> 1.02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.000
</TABLE>
