<PAGE> PAGE 1
000 A000000 04/30/98
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000 D000000 N
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007 C010400 4
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007 C030400 N
007 C010500 5
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007 C010700 7
007 C010800 8
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018 00AA00 Y
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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SIGNATURE BOB DELLACROCE
TITLE CONTROLLER
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000854850
<NAME> EXPEDITION FUNDS
<SERIES>
<NUMBER> 050
<NAME> EQUITY INSTITUTIONAL SHARES
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 246684
<INVESTMENTS-AT-VALUE> 303082
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<TOTAL-ASSETS> 313300
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<PAID-IN-CAPITAL-COMMON> 235156
<SHARES-COMMON-STOCK> 27548
<SHARES-COMMON-PRIOR> 25303
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<OVERDISTRIBUTION-NII> (538)
<ACCUMULATED-NET-GAINS> 12465
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<ACCUM-APPREC-OR-DEPREC> 56398
<NET-ASSETS> 303692
<DIVIDEND-INCOME> 2017
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<EXPENSES-NET> (1411)
<NET-INVESTMENT-INCOME> 701
<REALIZED-GAINS-CURRENT> 12663
<APPREC-INCREASE-CURRENT> 44527
<NET-CHANGE-FROM-OPS> 57891
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1363)
<DISTRIBUTIONS-OF-GAINS> (12889)
<DISTRIBUTIONS-OTHER> 0
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<NUMBER-OF-SHARES-REDEEMED> (27038)
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<NET-CHANGE-IN-ASSETS> 65914
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<ACCUMULATED-GAINS-PRIOR> 12691
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<PER-SHARE-NAV-END> 11.01
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<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000854850
<NAME> EXPEDITION FUNDS
<SERIES>
<NUMBER> 051
<NAME> EQUITY INVESTOR SHARES
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-24-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 246684
<INVESTMENTS-AT-VALUE> 303082
<RECEIVABLES> 10198
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<SENIOR-LONG-TERM-DEBT> 0
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<TOTAL-LIABILITIES> 9608
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<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (538)
<ACCUMULATED-NET-GAINS> 12465
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 56398
<NET-ASSETS> 303692
<DIVIDEND-INCOME> 2017
<INTEREST-INCOME> 95
<OTHER-INCOME> 0
<EXPENSES-NET> (1411)
<NET-INVESTMENT-INCOME> 701
<REALIZED-GAINS-CURRENT> 12663
<APPREC-INCREASE-CURRENT> 44527
<NET-CHANGE-FROM-OPS> 57891
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 385
<NUMBER-OF-SHARES-REDEEMED> (174)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 58102
<ACCUMULATED-NII-PRIOR> 124
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
